1666 1St AveNew York, NY 10028

Property Details for 1666 1St Ave

Year built

1910

Lot size

0.04 AC

Property size (Sq ft)

6,498 SF

Zone code

R10A

Property type

Retail residential properties

APN

01566-0045

APU

15660045

Description

This exceptional retail opportunity presents a fully operational convenience store located at 1666 1st Avenue in New York, NY 10028. The property boasts 6,498 square feet across four stories within a single building constructed in 1910. Its convenient location ensures high foot traffic and visibility, making it ideal for a variety of retail businesses. The building is zoned R10A, C1-5 / 9a, offering flexibility for potential tenants. While there are no elevators, the four-story structure provides ample space for inventory, storage, and potential expansion. The building's floor area ratio (FAR) is 3.43. This turnkey convenience store is ready for immediate occupancy, eliminating the need for extensive renovations or build-outs. The property is situated in New York County and benefits from its prime location within a bustling urban environment. This is a rare chance to acquire a well-established retail space in a highly desirable New York City neighborhood. The property's history and established presence offer a strong foundation for continued success. Serious inquiries are encouraged to explore this unique investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,332,149

  6.5%

  $1,229,676

  7%

  $1,141,842

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,315,994

  Geo Method

  $1,315,994

• Alternative Use

  Use

  Valuation

  Residential

  $1,229,676

  Hospitality

  $1,126,376

  Educational

  $937,132

  Medical

  $969,361

  Retail

  $1,457,761

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7773

Longitude

-73.9487

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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