169 First Ave.

169 1st Avenue, an income producing property, located at the crossroads of three distinct but vibrant neighborhoods consisting of The East Village, The Bowery and the Lower East Side. The pre-war property was built in 1901 and consists of a recently renovated triplex residence over a commercial storefront. The private residence boasts high ceilings and oversized East facing windows allowing plenty of light into each room. The rear of the building overlooks the residence’s private garden allowing an end user to completely transform the space into their own green oasis. The property provides a tremendous opportunity for a developer to unlock the full potential given the current building is underbuilt with an additional 6511 square feet of buildable air rights with a 23 × 100 foot lot.

The property is conveniently located three blocks from the 1st Avenue L train stop allowing direct and easy access to Brooklyn as well as every major train line across Manhattan via connection. Nearby shopping includes both Target and Trader Joes within a three block distance. The property is also located only one block away from Tompkins Square Park and surrounded by trendy East Village restaurants.