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887 1st Ave

Midtown East, New York, NY
Floors
6
Total Size
106,000 sqft
Lot Size
1 acres
Year Constructed
1940
Year Renovated
1995
Number of Buildings
1

About 887 1st Ave

There are just under 106,000 total square feet of rentable office space and residential apartment space within this structure, which is located at 887 1st Avenue in Midtown East, New York. The 1940 building contains 6 stories above the street line.

The ground floor of this property is completely dedicated to retail and office space. There are floor-to-ceiling glass storefronts in each of the retail units, and there are separate glass doors for each unit. Expansive awnings with advertisement space along edge are found above the storefronts.

Operable, multi-pane windows fill the upper-floor units of 887 1st Avenue with natural light. For tenant safety, there are several fire escapes on each floor. Because the street on which the building is set is lined with trees, each space enjoys lovely views.

United Nations Plaza is set just minutes from this building, as are a handful of subway lines. Those tenants that drive appreciate the easy access to FDR Drive, Queens Midtown Tunnel and Ed Koch Queensboro Bridge. Popular stores and great restaurants bring lots of traffic to the neighborhood each day.

Traditional in appearance, 887 1st Avenue features a classic red brick facade. Horizontal stacked brick details and varying roof lines add architectural interest to the exterior of the structure.

Internet Providers for 887 1st Ave

Provider Technology Max Download Speed Max Upload Speed
RCN Cable
1 Gb/s
25 Mb/s
Verizon New York Fiber
1 Gb/s
25 Mb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s

The Neighborhood: Midtown East

The typical asking rate per listing is in the $80's per square foot per year. The Midtown East region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.

Compared to the rest of the New York City market, the Midtown East submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Median Rate Median Size
Midtown East $83
/sqft/yr
5,000
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,330
sqft

Median Rate over Time in Midtown East