171 1st Avenue
New York, New York
Building
Stats
- Property Type Office - Office Building
- Building size (SF) 10,674
- Size (Ac) 0.05
- Price $10,950,000
Overview
Avison Young has been engaged by Ownership to offer for sale 171 First Avenue, New York, NY (“the property”) a mixed-use walk-up property located on the west side of 1st Avenue between East 10th Street and East 11th Street in the East Village. 171 First Avenue, the only cast-iron property in the East Village, spans 10,674 gross square feet and consists of five (5) total units across five stories. The ground floor space (and lower level) is occupied by Momofuku Noodle Bar, which is owned and operated by famous restaurateur David Chang. There are four (4) FM loft-style residential units across floors 2-5.
Highlights
Expansive Loft Style Apartments 12’+ Ceilings Throughout
100% Free Market
5.7% Cap Rate with Upside
Renowned Long-Term Retail Tenant In-Place
Only Cast-Iron Building in the East Village
Short walk to Union Square, Stuyvesant Square, Tompkins Square Park and 14th Street L Train
Tax Class 2A
