Multi-family

Introducing an outstanding investment opportunity in the heart of New York City’s Central Business District (CBD), 56 E 1st Street is a 4-story, 6,090-square-foot mixed-use property, blending retail and residential spaces. Listed for $13,250,000 (or $2,175.70 per square foot), this versatile property is ideal for investors or owner-users seeking a prime location with potential for high returns in a vibrant neighborhood.

Property Details:

• Address: 56 E 1st Street, New York, NY 10003
• Sale Price: $13,250,000
• Price per Square Foot: $2,175.70
• Sale Type: Investment or Owner-User
• Property Type: 3-Star Retail Storefront with Residential Units
• Location: Central Business District, New York City
• Gross Leasable Area (GLA): 6,090 sq. ft.
• Stories: 4
• Typical Floor Size: 1,523 sq. ft.
• Building Class: C
• Dock Availability: None
• Construction: Masonry

Key Features:

Prime CBD Location
Situated in a high-traffic area within New York City’s bustling CBD, this property offers unparalleled exposure and accessibility. The neighborhood’s constant activity, combined with a diverse clientele, provides an ideal setting for a storefront retail space complemented by residential units, catering to both local residents and visitors.

Flexible Mixed-Use Layout
With a typical floor size of 1,523 square feet across four stories, this property features a well-balanced combination of retail and residential space, ideal for a variety of uses. Its design makes it highly adaptable for either an investment or owner-user, offering the flexibility to maximize returns or create a customized layout to suit unique business or residential needs.

Investment Potential
With its competitive pricing and central location, this property represents an attractive investment opportunity in a highly sought-after district. Its masonry construction and 3-star retail rating contribute to its value, and its mixed-use classification ensures ongoing demand for both retail and residential purposes.

Conclusion:
56 E 1st Street is a remarkable opportunity for investors or owner-users looking to establish a presence in New York City’s dynamic real estate market. With its prime CBD location, adaptable layout, and significant investment potential, this property is well-positioned for growth and profitability in Manhattan’s thriving retail and residential sectors.