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108 1st Ave
New York, NY 10009 East Village

$8,500,000 USD

Apartments For Sale • 6,910 SF

Property Details

Property Type Apartments
Total Building Size 6,910 SF
Lot Size 0.03 AC
Building Class C
Year Built 1900
Cap Rate 5.27 %
Zoning R7-2

100 Transit Score

100 Walk Score

                
                    Highlights
                
                                100% Free Market, Mixed Use Building in East Village 
                            
                                The property consists of four (4) residential apartments and one (1) ground-floor retail space
                            
                                Due to the limited residential unit count, the building is statutorily deregulated 
                            
                                Tax Class Protection – Annual real estate taxes of $23,013, supporting a low overall expense ratio
                            
                                Turnkey Asset – Recently renovated with no immediate capital expenditure requirements
                            
                                Efficient Unit Layouts – Well-designed apartments that maximize livability and rental appeal

Property Flyers

108 1st Avenue OM (East Village)

Cap Rate:

5.27 %

Major Tenants

Tenant	SF Occupied	Lease End Date
APH Real Estate Group
The UPS Store
UPS

Public Transportation

Commuter Rail	Drive	Walk	Distance
9 St (PATH) (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH))	3 min	19 min	1.0 mi
14 St (PATH) (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH))	4 min	-	1.2 mi
Transit/Subway	Drive	Walk	Distance
1 Avenue (L - New York MTA Subway (The Subway))	1 min	7 min	0.4 mi
Astor Place (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway))	3 min	8 min	0.4 mi
Lower East Side-2 Avenue (F - New York MTA Subway (The Subway))	3 min	9 min	0.5 mi
Bleecker Street (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway))	3 min	13 min	0.7 mi
Broadway-Lafayette Street (B - New York MTA Subway (The Subway), D - New York MTA Subway (The Subway), F - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway))	3 min	14 min	0.7 mi
Airport	Drive	Walk	Distance
LaGuardia	21 min	-	9.6 mi
Newark Liberty International	23 min	-	13.2 mi
John F Kennedy International	29 min	-	17.6 mi

Justin Zeitchik 718-360-8827 Investment Property Realty Group

108 1st Ave New York, NY 10009 East Village