169 First Avenue

E. Greenwich Village   |   East 10th Street & East 11th Street

Building for sale
$ 5,395,000
Ownership Mixed Use
Lot Size 23'2"x100'
Floors/Apts 3/1
Status Active
Real Estate Taxes [Per Annum] $ 21,365
Building Type Low-Rise
Building Size 23'2"x40'
Year Built 1901
ASF/ASM 2,760/256
Listing ID: 80515TH

Property Description

As exclusive agent, Compass is pleased to offer for sale a townhouse gem with an income-producing component located at 169 First Avenue in downtown Manhattan’s East Village. The building is located between East 10th and East 11th Streets. 169 First Avenue is a 3-story townhome with a newly renovated three-bedroom triplex apartment overlooking a secret garden oasis. There is a ground floor retail store which provides a steady stream of income for the next eight years. The roof was renovated in 2016, and the fire escape was replaced in 2010. There is a 23’ x 60’ landscaped garden in the rear of the building. There is a full basement. The existing structure features excellent light and air exposure due to lower scale buildings to the East, South and proximity to Tompkins Square Park. The Property is zoned R7A with a C1-5 commercial overlay. The underlying base residential zoning coupled with the commercial overlay permits the property to be redeveloped and configured as a mixed-use conversion or entirely for residential use. This offering presents developers and user-purchasers with the opportunity to acquire a structurally-sound building ready for conversion and redevelopment. The Property is ideal for either an investor or user. Situated in one of Downtown Manhattan’s most vibrant neighborhoods, the Property is in close proximity to the 14th Street commercial corridor, Tompkins Square Park, Union Square, Astor Place/ Cooper Square, NYU’s Washington Square campus, Cooper Union, Mt. Sinai Beth Israel Hospital, the East Side Medical-Biotech Corridor, and an array of neighborhood attractions including dining and nightlife, museums, galleries and independent specialty retail shops. Multiple subway lines are within a short walking distance including the 6 train at Astor Place, L train at First Avenue and F-M trains at Second Avenue.
As exclusive agent, Compass is pleased to offer for sale a townhouse gem with an income-producing component located at 169 First Avenue in downtown Manhattan’s East Village. The building is located between East 10th and East 11th Streets. 169 First Avenue is a 3-story townhome with a newly renovated three-bedroom triplex apartment overlooking a secret garden oasis. There is a ground floor retail store which provides a steady stream of income for the next eight years. The roof was renovated in 2016, and the fire escape was replaced in 2010. There is a 23’ x 60’ landscaped garden in the rear of the building. There is a full basement. The existing structure features excellent light and air exposure due to lower scale buildings to the East, South and proximity to Tompkins Square Park. The Property is zoned R7A with a C1-5 commercial overlay. The underlying base residential zoning coupled with the commercial overlay permits the property to be redeveloped and configured as a mixed-use conversion or entirely for residential use. This offering presents developers and user-purchasers with the opportunity to acquire a structurally-sound building ready for conversion and redevelopment. The Property is ideal for either an investor or user. Situated in one of Downtown Manhattan’s most vibrant neighborhoods, the Property is in close proximity to the 14th Street commercial corridor, Tompkins Square Park, Union Square, Astor Place/ Cooper Square, NYU’s Washington Square campus, Cooper Union, Mt. Sinai Beth Israel Hospital, the East Side Medical-Biotech Corridor, and an array of neighborhood attractions including dining and nightlife, museums, galleries and independent specialty retail shops. Multiple subway lines are within a short walking distance including the 6 train at Astor Place, L train at First Avenue and F-M trains at Second Avenue.

Listing Courtesy of Compass

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Apartment Features

A/C
Washer / Dryer

Outdoor

Private Garden
169 First Avenue E. Greenwich Village New York NY 10003

Building Details [169 First Avenue]

Ownership Mixed Use
Service Level Voice Intercom
Access Walk-up
Block/Lot 452/34
Building Size 23'2"x40'
Zoning R7A
Building Type Low-Rise
Year Built 1901
Floors/Apts 3/1
Lot Size 23'2"x100'

Building Amenities

Garden

Mortgage Calculator in [US Dollars]

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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. ©2021 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.