83 1St AveNew York, NY 10003

  • Specialty properties
  • 650 SF
For Sale
$350,000 View listing

Property Details for 83 1St Ave

Year built
1900
Property size (Sq ft)
650 SF
Property type
Specialty properties
Property subtype
Other specialty properties

Description

Exceptional investment opportunity in the vibrant East Village, this 650 square foot, rent-controlled sponsor unit at 83 First Avenue, #6A, presents substantial upside potential. Located on the third floor of a six-story, two-building complex built in 1900, this corner unit boasts nine windows offering expansive views. The layout includes two bedrooms, one bathroom, a separate kitchen, and eating area. Currently occupied by a rent-controlled tenant paying $90 per month, this below-market rent provides significant future income growth once vacant. The unit features a 10-foot ceiling height and benefits from a prime location near Tompkins Square Park, excellent public transportation (4, 5, 6, F, M subway lines and M15 bus), and the bustling First Avenue retail corridor. Subletting and pets are allowed, and importantly, no board approval is required for this sale. This is a unique opportunity to acquire a well-located, income-producing asset with significant long-term value. Inquire for floor plan.

83 1St Ave, New York, New York

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7258
Longitude
-73.9866

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