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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

Cap Rate: 5.27 %

Major Tenants

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

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Tenant Controlled HVAC
  • Heating
  • Smoke Free
  • Kitchen
  • Refrigerator
  • Oven
  • Sprinkler System
  • Range
  • Tub/Shower
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
9 St (Path) (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH)) 3 min 18 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/SubwayDriveWalkDistance
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)) 2 min 8 min 0.4 mi
Lower East Side-2 Avenue (F - New York MTA Subway (The Subway)) 3 min 8 min 0.4 mi
8 St-Nyu (Broadway Express - Q - MTA New York City Transit, Broadway Local - N - MTA New York City Transit, Broadway Local - R - MTA New York City Transit, Broadway Local - W - MTA New York City Transit) 2 min 9 min 0.5 mi
3 Avenue (L - New York MTA Subway (The Subway)) 2 min 12 min 0.6 mi
AirportDriveWalkDistance
LaGuardia 20 min - 9.6 mi
Newark Liberty International 22 min - 13.2 mi
John F Kennedy International 29 min - 17.6 mi
Justin Zeitchik 718-360-8827 Investment Property Realty Group
Justin Zeitchik 718-360-8827 Investment Property Realty Group