$8,450,000
Updated 8 years ago
Sold

1134 First Ave

Upper East Side, Manhattan | East 62nd Street & East 63rd Street

9,775 Square FeetRental Property

$8,450,000
floors / apts6 / 8
Lot Size25'81"x81'
Built Size25'x70'
ZoneC1-9
Building TypeLow-Rise
Price Per SF
$864

Outdoor space and views

  • Terrace

Building Amenities

  • Voice Intercom
  • Elevator

Property Description for 1134 First Ave

The subject property is a 7 story mixed use elevator building in a prime Upper East Side location. The property is approximately 10,000SF. This building is not subject to the Rent Stabilization Laws. The first and second floors are currently being occupied by a retail tenant. This property was totally gutted and renovated in 1985. It was completely refurbished with modern bathrooms and hardwood flooring. All apartments were rehabbed within the last 2 years. There is a Penthouse Duplex with 2 Terraces, 5th floor apartment has a terrace as well. The entire building was fitted with a sprinkler system. These facts alone will significantly decrease the insurance rating for the building.
The property is ideally situated in a great upscale neighborhood on central First Ave in the highly desirable Upper East Side. Nearby access includes Rockefeller University. Hunter Collage, great shopping and restaurants. The property generates revenues of 510,340.00 in annual gross income. The building has the perfect set-up for a potential and highly profitable condominium conversion at any time.
SET-UP located here at Company Website tab

Building Details for 1134 First Ave

OwnershipRental Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessElevator
Year Built1920
Floors/Apts6/8
Learn More About the Building

Transit and Citi Bike

Subway

Lexington Av/63 St
0.37 miles
Lexington Av/59 St
0.37 miles
59 St
0.41 miles
68 St-Hunter College
0.49 miles

Citi Bike

1 Ave & E 62 St
0.04 miles
E 60 St & York Ave
0.18 miles

Contact Agents

Contact Agents

Licensed As
Ron Zucher
Salesperson
License#:
40ZU0964985
Company:
Plaza Real Estate Group
Ron Zucher
Plaza Real Estate Group
Janet Sedaghatpour
Plaza Real Estate Group

Upper East Side | Manhattan

Quick Profile

Exuding a cosmopolitan, refined air that is reminiscent of Paris or other European cities, the Upper East Side (the UES, to local cognoscenti) has a reputation as being a bastion of wealth and privilege. Even though it was built by American “royalty” families like the Vanderbilts, Roosevelts, Kennedys, Carnegies and Rockefellers, whose elaborate mansions once anchored Fifth Avenue, there are affordable housing options throughout the neighborhood. The further east you move, away from Central Park and the more commercial avenues, the more likely you are to find quiet, tree-lined streets with historic townhouses and brownstones. Keep your eye out for reasonably priced apartments in pre-war low-rise and even a few high-rise buildings.

With abundant, beautifully landscaped green spaces, including the oasis of Central Park acting like a backyard, the area is quiet and lushly green. You can relax and unwind in John Jay Park, Carl Schurz Park or take a stroll along the East River Promenade. The whole neighborhood seems isolated from the workaday chaos of the city at large. Add to that the history of the neighborhood and the abundance of cultural institutions, and you have a uniquely welcoming neighborhood.

Known for its abundance of high-end retail shopping, especially on Madison Avenue, the Upper East Side is host to the Barneys New York flagship department store. Here you can find upscale goods, fashion and home decor items. You will also find the edgy runway-inspired Alexander McQueen collections. If you are dying to treat your feet to red-soled opulence, be sure to visit the Christian Louboutin boutique. These are only a small sampling of this high-end shopper’s paradise that features everything from designer boutiques that offer the ultimate in haute couture to resale shops where you can find last season’s best on sale at hefty discounts .

There are many unique dining experiences, from fine dining to the casual bite-on-the-go, awaiting you in the UES. Sushi is going through a renaissance in the city, and the best omakase-style sushi can be found at Sasabune on E 73rd Street. Omakase sushi means that you leave the choice of ingredients, preparation method and presentation to the chef. Elegant French cuisine can be experienced at JoJo, E 64th Street, housed in gorgeous townhouse. Just for fun, visit the Lexington Candy Shop on Lexington Avenue, to get a taste of an old-fashioned soda fountain.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 47996TH