Updated 10 years ago
Off Market
202 First Ave
East Village, Manhattan | East 12th Street & East 13th Street
16,000 Square FeetIncome Property
$21,500,000
floors / apts6 / 20
Lot Size39'5"x100'
Built Size39'5"x86'
ZoneR7A
Building TypeLow-Rise
RE Taxes$218,025
Price Per SF
$1,344
Building Amenities
- Video Intercom
- Storage
Property Description for 202 First Ave
The subject property is a 39.5’ wide, six-story, mixed-use building located on the east side of 1st Avenue between East 12th and East 13th Streets. The building consists of a ground floor retail unit, 17 free-market apartments and three rent stabilized apartments. A majority of the units are two-bedrooms and multiple apartment lines have the ability to be converted into three-bedrooms apartments. The average in-place rent is approximately $58 per square foot which is well below market. The retail unit is currently leased to No Relation Vintage which has a lease until March 2017. The building features recently renovated common areas, a new boiler, and new electrical systems. This is a rare opportunity to acquire a prime East Village asset with upside potential and over 39’ of frontage on 1st Avenue.
Listing History for 202 First Ave
Now
12/07/2016
POM by James P. Nelson
Cushman & Wakefield
01/12/2016
$21,500,000
Initial Price by James P. Nelson
Cushman & Wakefield
Building Details for 202 First Ave
OwnershipIncome Property
Building TypeLow-Rise
Service LevelVideo Intercom
AgePre-War
AccessWalk-up
Year Built1905
Floors/Apts6/20
Transit and Citi Bike
Subway
1 Av
0.1 miles
3 Av
0.24 miles
Astor Pl
0.41 miles
14 St-Union Sq
0.47 miles
8 St-NYU
0.49 miles
Citi Bike
E 11 St & 1 Ave
0.07 miles
E 14 St & 1 Ave
0.09 miles
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: 48769TH
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