$8,999,999

87 1st Ave New York, NY 10003

East Village Neighborhood

Estimated payment $55,007/month

Total Views 1,993
-- Bed
-- Bath
11,158 Sq Ft
$807 Price per Sq Ft

Highlights

  • Wood Flooring
  • Back Yard
  • 4-minute walk to First Park
  • P.S. 110 Florence Nightingale Rated A

About This Home

Prime East Village Location! Income-generating Brick 1 Store plus 16 Family with Huge Upside Potential! 12 Units of 1 Bedroom with 4 Units of 2 Bedrooms. This multi-unit property boasts 1- 2-bedroom units, perfect for growing families or young professionals. Building will be sold "as-is" with 1 store Vacant, 5 units Vacant (3 Unit 1 bedroom and 2 Units 2 bedrooms) and 11 Units with tenants already in place, providing immediate rental income. Close to shopping, and Few Minutes to the F train.

Listing Agent

Peter Pan

RE/MAX Edge License #10401215383 Listed on: 06/10/2025

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $84,670

Year Built

  • Built in 1920

Lot Details

  • 2,425 Sq Ft Lot
  • Lot Dimensions are 100 x 24
  • Back Yard
  • Property is zoned R7A

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 11,158 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Tile

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 447

Community Details

Overview

  • 16 Units
  • 5-Story Property

Building Details

  • Fuel Expense $21,000
  • Insurance Expense $36,000
  • Utility Expense $1,319
  • Gross Income $722,680

Property Details

Property Type

Other

Est. Annual Taxes

$84,670

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Basement Amenities: Full
  • Borough: Manhattan
  • Building Footprint Sq Ft: 2400
  • Building Length: 100.00
  • Building Width: 24.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: 2nd Ave
  • Cross Street Name2: Brooklyn Ny
  • Heat Delivery: Other
  • Number Of Families: 16
  • Parking Attributes: Other
  • Parking Feature Single: Other
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 11158
  • Building Stories: 5
  • Street Name I D X: 1st
  • Street Number I D X: 87
  • Year Built: 1920
  • Special Features: None
  • Stories: 5

Interior Features

  • Flooring: Hardwood, Tile, Other
  • Lot Sq Ft: 2425

Exterior Features

  • Yard: Back
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick, Other
  • Foundation Details: Poured Concrete
  • Lot Number: 33
  • Roof: Flat

Utilities

  • Electric: Other
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 21000.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 24
  • Zoning: R7A

Multi Family

  • Annual Gross Expense: 155904.00
  • Annual Gross Income: 722680
  • Insurance Expense: 36000.00
  • Miscellaneous Expense: 3840.00
  • Unit Count: 17
  • Annual Utility Expenses: 1319.00

Tax Info

  • Flip Tax Amount: 84670.00

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2025 07/03/25 Price Changed $8,999,999 +12.5% $807 / Sq Ft
07/02/2025 07/02/25 Price Changed $7,999,999 -11.1% $717 / Sq Ft
06/10/2025 06/10/25 For Sale $8,999,000 -- $807 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 493314

Brooklyn Board of REALTORS®

APN: 00447-0033

New York New York County New York 10003 East Village

87 1st Ave, New York, NY

This home is located at 87 1st Ave, New York, NY 10003 and is currently priced at $8,999,999, approximately $806 per square foot. This property was built in 1920. 87 1st Ave is a home located in New York County with nearby schools including The STAR Academy, East Village Community School, and Anna Silver Elementary.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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Peter Pan
Listing Agent
Peter Pan
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RE/MAX Edge
(347) 575-1849