Updated 7 years ago
Sold
46 East 1st Street
East Village, Manhattan | Second Ave & First Ave
10,725 Square FeetRental Property
$5,400,000
floors / apts5 / 24
Lot Size24'x100'
Built Size24'x68'
ZoneR8B
Building TypeLow-Rise
Price Per SF
$503
Building Amenities
- Voice Intercom
Property Description for 46 East 1st Street
The property is located in the heart of the bustling East Village on East 1st Street between First and Second Avenues. The building is a 6-story, 24’ wide walkup apartment building totaling approximately 10,725 gross square feet. The property features 24 studio apartments of which 11 are RS and 13 are FM. The average RS rent is approximately $35/NSF compared to the FM units which are renting for approximately $56/NSF. All of the FM units have been fully renovated with some featuring granite countertops and high-end appliances. The property currently generates approximately $409,900 in annual gross revenue with a net operating income of approximately $266,042.
The property benefits from being within close proximity to the Second Avenue subway station as well as a short walk to Washington Square Park. Prospective purchasers have an opportunity to acquire a well maintained, beautiful brick building located in one of the most desirable residential neighborhoods of Manhattan.
The property benefits from being within close proximity to the Second Avenue subway station as well as a short walk to Washington Square Park. Prospective purchasers have an opportunity to acquire a well maintained, beautiful brick building located in one of the most desirable residential neighborhoods of Manhattan.
Listing History for 46 East 1st Street
Now
01/16/2013
$5,400,000
Sold and Closed by Robert Knakal
Cushman & Wakefield
2013
Building Details for 46 East 1st Street
OwnershipRental Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts5/24
Transit and Citi Bike
Subway
2 Av
0.04 miles
Bleecker St
0.29 miles
Bowery
0.34 miles
Broadway-Lafayette St
0.35 miles
Delancey St-Essex St
0.38 miles
Citi Bike
E 1 St & 1 Ave
0.07 miles
E 2 St & 2 Ave
0.09 miles
Contact Agents
Contact Agents
Robert Knakal
Cushman & Wakefield
James Nelson
Cushman & Wakefield
Jonathan Hageman
Cushman & Wakefield
East Village | Manhattan
Quick Profile
The East Village has two distinct moods. By day, it is quiet and peaceful. Everyone is out and about, either working or relaxing at Tompkins Square Park, strolling or jogging along the East River, or hanging out in one of the subsets of cultural activity, such as St. Mark’s Place.
But then night falls, and the East Village comes to life, keeping the entertainment and nightlife going long after the other neighborhoods have called it quits for the night. People from all five boroughs flock to the dive bars and speakeasies, head for their favorite cafes and restaurants, or drop in to a music venue to listen to hot tunes or cool jazz and dance the night away. Don’t worry, you don’t have to “know somebody” to gain admittance to even the most popular venues. You won’t find velvet ropes, bouncers, or and a waiting list at the door of most places. Just walk right in and enjoy yourself.
Be prepared for the increased population during fall through spring, when NYU is in session. College students will be everywhere, contributing to the youthful essense of the neighborhood.
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: 44405TH
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