Multi-family
Screenshot
For Sale
Multi-family
The Lions, 132, 1st Avenue, Manhattan Community Board 3, Manhattan, New York County, City of New York, New York, 10009, United States
Description
Investment Opportunity – Prime Storefront Retail/Residential in NYC
Address: 132 1st Ave, New York, NY, 10009
Price: $9,250,000 ($1,557.24/SF)
Cap Rate: 4.48%
This 5-story masonry building, located in the heart of Manhattan’s Central Business District (CBD), presents a lucrative investment opportunity. Combining storefront retail and residential units, it is well-positioned to deliver stable income and long-term appreciation.
Property Details
- Type: 2 Star Storefront Retail/Residential
- Gross Leasable Area (GLA): 5,940 SF
- Typical Floor Size: 1,188 SF
- Construction: Masonry
- Class: C
Highlights
- Location Advantage: Situated in a bustling CBD area with high foot traffic and proximity to popular amenities, ensuring consistent tenant demand.
- Mixed-Use Design: Combines income streams from retail and residential tenants.
- Strong Fundamentals: Solid construction and a competitive cap rate of 4.48% make this a secure and profitable investment.
Perfect for investors seeking a well-located, mixed-use property in one of New York City’s most dynamic neighborhoods.
