1663 1St AveNew York, NY 10028

Property Details for 1663 1St Ave

Year built

1910

Lot size

0.04 AC

Property size (Sq ft)

6,184 SF

Zone code

C28A

Property type

Retail residential properties

APN

01549-0029

APU

15490029

Description

This exceptional 1,000-square-foot restaurant space is available for lease at 1663 1st Avenue in New York City's vibrant New York County. Located in the 10028 zip code, this single-tenant property presents a fantastic opportunity for a discerning restaurateur. The entire building comprises 1,000 square feet, offering a completely vacant space ready for immediate occupancy and customization. The property is classified as retail, specifically designed for restaurant use, ensuring it meets all necessary requirements for food service operations. Its prime location in New York City offers unparalleled access to a dense population and high foot traffic, creating a strong potential customer base. This is an ideal space for a new restaurant concept or an established business seeking to expand its presence in a high-demand area. The property's size is perfectly suited for a variety of restaurant styles, from intimate dining experiences to bustling cafes. Interested parties are encouraged to inquire promptly to secure this exceptional opportunity in one of New York City's most dynamic neighborhoods. The property's address is 1663 1st Avenue, New York, NY 10028. The geographic coordinates are latitude 40.777448 and longitude -73.9492768.

• CAP approach

  CAP return

  Valuation

  6%

  $1,267,776

  6.5%

  $1,170,255

  7%

  $1,086,665

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,252,402

  Geo Method

  $1,252,402

• Alternative Use

  Use

  Valuation

  Residential

  $1,170,255

  Hospitality

  $1,071,947

  Educational

  $891,847

  Medical

  $922,519

  Retail

  $1,387,318

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7774

Longitude

-73.9493

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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