Map of Property

24 1st Avenue Listing Details & Market Data

24 1st Avenue, New York, NY 10009

  • For Sale Contact for pricing
  • Property Type Restaurant
  • Property Size 5,000 SF
  • Property Tenancy Single Tenant
  • Date Updated Nov 20, 2023

RESTAURANT CONDOMINIUM FOR SALE WITH EXISTING LEASE IN PLACE

BETWEEN EAST 1ST & EAST 2ND STREETS EAST VILLAGE, NYC

APPROXIMATE S I Z E

Ground Floor: 5,000 SF

Basement: 600 SF

COMMENTS

• 600 SF of convertible outdoor space

• 50 FT of combined retail frontage

• Brand new construction

• 12 FT ceilings

NEIGHBORS

Spiegel • Lucien • Lil Frankies • Russ & Daughters

Katz’s Deli • Clinton Street Baking Co. • One and One

Bowery Hotel • Bowery Meat Company • Bar Primi

Gemma • Sweet Chick • Ludlow Hotel

TRANSPORTATI ON: F 4 5 6 N Q R W L

FRONTAGE 50 FT

NEW LEASE RECENTLY EXECUTED

MAY 25, 2023 WITH FINE DINING

INDIAN RESTAURANT.

TERM

10 years and 8 months with one 5-year

option to continue at 3% annual escalations,

and second 5-year option at 95% FMV

RENT SCHEDULE

Year 1: $28,500 per month

Year 2: $30,000 per month

Year 3: $32,000 per month

3% annual escalations thereafter through

the end of the first and second terms.

CAM CHARGES

$2800 per month

ANNUAL TAXES

 

$80,000

 

KEYS TO T H E C I T Y

24 FIRST AVE is situated at the gateway of one of Manhattan’s most

tightly-knit, proud, and historic communities. The Lower East Side and,

specifically, the East Village brand has always included a str ong support of

local businesses. The East Village identity remains unique in all of New York

City, and 24 FIRST AVE is uniquely positioned to attract consumers from The

 

Lower East Side and greater Manhattan.

 

 

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

Highlights

  • Long Term Lease in place with fine dining restaurant.

Contacts

broker

Gavios Realty

Gavios Realty,

Broker

(212) 971-0007

broker

Aaron Gavios

(212) 971-0007

Location

Getting Around

  • Walk Score ®

    Walker's Paradise (100)

  • Transit Score ®

    Rider's Paradise (100)

  • Bike Score ®

    Biker's Paradise (98)
Powered by Walk Score ®
  • City New York, NY
  • Neighborhood East Village
  • Zip Code 10009

Points of Interest

  • 1 Avenue & Houston St

    0.06 miles

  • Allen St & Houston St

    0.08 miles

  • 2nd Avenue

    0.11 miles

  • Second Ave (F,V)

    0.18 miles

  • Delancey Street

    0.36 miles

  • Essex Street

    0.36 miles

  • Bleecker Street & Mulberry Street at Southeast Corner

    0.37 miles

  • Bleecker Street & Lafayette Street at Northeast Corner

    0.37 miles

  • Bleecker Street & Mulberry Street at Southwest Corner

    0.38 miles

  • Houston Street & Lafayette Street at Northeast Corner

    0.38 miles

  • Tesla Supercharger

    0.49 miles

  • Blink

    0.49 miles

  • ChargePoint

    0.82 miles

  • ChargePoint

    1.06 miles

  • BP

    1.06 miles

  • ChargePoint

    1.08 miles

  • ChargePoint

    1.09 miles

  • Mobil

    1.34 miles

  • Blink

    1.36 miles

  • Blink

    1.36 miles

  • Village View Parking Area 3

    0.20 miles

  • Delancey & Essex Municipal Garage

    0.29 miles

  • Edison ParkFast

    0.36 miles

  • Christie Garage

    0.53 miles

  • iPark

    0.64 miles

  • Skyport

    1.09 miles

  • Park Fast

    1.11 miles

  • Vincent 15 Parking LLC

    1.13 miles

  • Waterside Plaza Parking

    1.24 miles

  • Icon Parking

    1.30 miles

  • V-Nam Cafe

    0.01 miles

  • Little Gio's Pizza

    0.01 miles

  • Divya’s Kitchen

    0.03 miles

  • Cafe Himalaya

    0.03 miles

  • Lil' Frankies

    0.03 miles

  • New Double Dragon

    0.04 miles

  • 99 Cent Pizza

    0.07 miles

  • Gyro Kebab

    0.07 miles

  • Mezzeto

    0.08 miles

  • Macondo

    0.08 miles

  • PS 79 ( Historical)

    0.11 miles

  • Manhattan School for Career Development

    0.16 miles

  • Public School 20

    0.17 miles

  • Public School 25

    0.18 miles

  • Lower East Side Preparatory High School

    0.26 miles

  • La Salle Academy

    0.33 miles

  • Public School 64

    0.33 miles

  • P.S. 140 Nathan Straus

    0.36 miles

  • St. Brigid School

    0.39 miles

  • Our Lady of Sorrows School

    0.41 miles

  • First Steps Academy

    0.27 miles

  • All My Children Daycare & Nursery

    0.41 miles

  • Bright Horizons

    0.50 miles

  • Swan

    0.58 miles

  • 14th Street Y - Childcare

    0.59 miles

  • Bright Horizons Early Education & Preschool

    0.62 miles

  • Oasis Downtown Day Camp

    0.71 miles

  • CPC Chung Pak Day Care Center

    0.76 miles

  • Metrokids Preschool

    0.84 miles

  • Samuel J. Heyman Early Childhood Center

    0.89 miles

Contact Listing Broker

broker

Gavios Realty

Gavios Realty,

Broker

(212) 971-0007