1121 First Avenue

Upper East Side   |   East 61st Street & East 62nd Street

Building for sale
$ 12,000,000
Ownership Rental Property
Floors/Apts 5/16
Status Active
Real Estate Taxes [Per Annum] $ 231,833
Building Type Low-Rise
Year Built 1910
ASF/ASM 13,900/1,291
Listing ID: 79429TH

Property Description

1121 First Avenue is a five-story, mixed-use building consisting of 16 residential apartments and 2 ground-floor retail spaces. The residential unit-mix consists of 12 two-bedroom and 4 studio apartments. Situated on the east side of First Avenue between 61st and 62nd Street across the street from CMX Cinemas, Bed Bath & Beyond, and few blocks from Whole Foods. The #4/#5/#6/ N/ R/ Q Trains are located 3 blocks away on Lexington Avenue, and the crosstown M57 bus runs along 57th Street. As currently constructed the building stands at 13,900 SF with 17,600 SF of unused air rights presenting a unique opportunity to acquire an investment with strong income and an incredible upside for development.
1121 First Avenue is a five-story, mixed-use building consisting of 16 residential apartments and 2 ground-floor retail spaces. The residential unit-mix consists of 12 two-bedroom and 4 studio apartments. Situated on the east side of First Avenue between 61st and 62nd Street across the street from CMX Cinemas, Bed Bath & Beyond, and few blocks from Whole Foods. The #4/#5/#6/ N/ R/ Q Trains are located 3 blocks away on Lexington Avenue, and the crosstown M57 bus runs along 57th Street. As currently constructed the building stands at 13,900 SF with 17,600 SF of unused air rights presenting a unique opportunity to acquire an investment with strong income and an incredible upside for development.

Listing Courtesy of The Corcoran Group

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Apartment Features

A/C
1121 First Avenue Upper East Side New York NY 10065

Building Details [1121 First Avenue]

Ownership Rental Property
Service Level Voice Intercom
Access Walk-up
Block/Lot 1436/26
Building Type Low-Rise
Year Built 1910
Floors/Apts 5/16

Building Amenities

Laundry Rooms

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2020 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
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.