1764 1St AveNew York, NY 10128

Property Details for 1764 1St Ave

Year built

1920

Lot size

0.05 AC

Property size (Sq ft)

8,745 SF

Zone code

C2-8

Property type

Retail residential properties

APN

01571-0050

APU

15710050

Description

This exceptional 500-square-foot retail space, located at 1764 1st Avenue in New York City's vibrant Manhattan, presents a unique opportunity for discerning businesses. The property is categorized as retail, encompassing restaurant and commercial uses, and is currently entirely vacant, offering immediate occupancy. The building's total square footage is 500 square feet, making it ideal for a variety of concepts. The multiple tenancy structure allows for flexibility in lease terms and potential for expansion. Situated in New York County, with a convenient zip code of 10128, this location benefits from high foot traffic and excellent visibility. The property's address is 1764 1st Avenue, New York, NY. Its prime location offers unparalleled access to a diverse customer base and strong potential for business growth. This is a rare opportunity to secure a well-positioned retail space in one of Manhattan's most dynamic neighborhoods. The property is ready for immediate lease and offers a blank canvas for your business vision. Interested parties are encouraged to inquire promptly to secure this exceptional opportunity. The property is available for lease and is ready for immediate occupancy. The entire 500 square feet is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $1,648,380

  6.5%

  $1,521,580

  7%

  $1,412,890

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,165,470

  Geo Method

  $1,165,470

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,977,840

  Retail / Commercial

  $1,527,020

  Hospitality / Lodging

  $1,116,330

  Office

  $1,512,540

  Institutional / Educational

  $1,581,830

  Residential Income

  $1,850,740

  Multifamily

  $2,219,680

  Automotive / Energy

  $1,355,850

  Parking / Income-Based Land

  $467,888

  Restaurant / Food Service

  $791,385

  Healthcare / Senior Housing

  $1,560,350

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7803

Longitude

-73.9465

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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