Mixed-Use Retail & Residential Asset in the East Village – 132 First Avenue
Address: 132 First Avenue, New York, NY, 10009
Asking Price: $9,250,000 ($1,557.24/SF)
Sale Type: Investment
Type: 2-Star Retail Storefront / Retail-Residential Mixed-Use
Location: CBD – East Village
Gross Leasable Area (GLA): 5,940 SF
Stories: 5
Typical Floor Plate: 1,188 SF
Building Class: C
Construction: Masonry
Market Segment: Investors, Live/Work Developers, Boutique Retail Operators, Value-Add Buyers
Property Overview:
132 First Avenue presents a rare opportunity to acquire a five-story mixed-use building in the heart of Manhattan’s East Village. Featuring ground-floor retail and residential above, this property blends stabilized income with future upside in one of New York’s most enduringly popular downtown neighborhoods.
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Investment Highlights:
✔ Asking Price: $9,250,000 ($1,557/SF)
✔ Total Area: 5,940 SF across 5 stories
✔ Strong retail visibility along First Avenue with consistent foot traffic
✔ Residential units above offer long-term rental income potential
✔ Masonry construction with well-maintained structural integrity
Location Benefits:
✔ Located near East 9th Street, steps from Tompkins Square Park
✔ Surrounded by thriving retail, restaurants, nightlife, and dense residential
✔ Walkable to NYU and Alphabet City
✔ Excellent transit access via L train and multiple bus lines
Highlights:
✔ Corner retail and residential exposure in one of NYC’s highest-demand neighborhoods
✔ Stable income stream with potential for rent growth through renovations or repositioning
✔ Full-building ownership—ideal for long-term portfolio hold or boutique conversion
✔ Delivered with tenants or vacant, subject to terms
Conclusion:
132 First Avenue offers investors a compelling blend of street-level retail presence and residential cash flow in the East Village. With its prime location, full-building control, and mixed-use configuration, this asset is an exceptional opportunity for both income stability and future appreciation.
Contact us today to request rent roll, financials, or schedule a private tour.
