1164 1st Ave - Apartments FOR SALE


New York, NY 10065- Lenox Hill
$5,800,000 USD
917-325-3009
1164 1st Ave, New York, NY for Sale
$5,800,000 USD
Apartments - FOR SALE
1/14
null | 6.47% Cap Rate

1164 1st Ave
New York, NY 10065
Lenox Hill


HIGHLIGHTS

  • Near full occupancy
  • Stable, income-producing asset
  • ~$400,000 below appraisal

OVERVIEW

Prime Upper East Side Mixed-Use Investment | Lenox Hill Located in the highly desirable Lenox Hill neighborhood of Manhattan’s Upper East Side, this well-maintained 5-story mixed-use building presents a rare opportunity to acquire a stabilized, income-producing asset in a premier NYC location. Investment Highlights: Asking Price: $5,800,000 Approximately $400,000 below appraised value 5-story mixed-use building 16 residential units + 2 retail units Approx. 7,600 SF Approximately 94% occupancy NOI: ~$337,000 Cap Rate: 5.82% Property Overview: The property is in good condition with a strong tenant base, offering consistent in-place income. The residential units benefit from steady demand in the Upper East Side rental market, while the ground-floor retail adds diversified income. Location Highlights: Prime Lenox Hill / Upper East Side location. Walking distance to Trader Joe’s, TJ Maxx, Home Depot, and numerous restaurants. Surrounded by major medical institutions and hospitals. Convenient access to multiple subway lines including 4, 5, 6, N, R, Q, F, M, and W trains, with nearby stations at 59th Street–Lexington Avenue and 63rd Street. Why This Investment: Stabilized asset with strong in-place cash flow and upside potential. Positioned in a high-demand Manhattan submarket with limited supply. Ideal for investors seeking long-term growth and income stability. For additional information, including rent roll and financials, please contact: 646-287-7162 | 917-325-3009 Co-broke welcome.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$761 USD /SF

# OF UNITS

18

PRICE/UNIT

$322,222

CAP RATE

6.47%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

C1-9

APN/PARCEL ID

1458-0046

ASK ABOUT THIS PROPERTY

Yanjun ZhouB Square RealtyMore Info
917-325-3009

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Yanjun ZhouB Square RealtyMore Info
917-325-3009

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.