Property TypeBuilding Sale
Property Sub TypeTownhouse
As exclusive agent, we are pleased to offer for
sale a townhouse gem with an income-producing
component located at 169 First Avenue in downtown Manhattan's East Village. The building is located between East 10th and East 11th Streets.
169 First Avenue is a 3-story townhome with a
newly renovated three-bedroom triplex apartment
overlooking a secret garden oasis. There is a ground
floor retail store which provides a steady stream of
income for the next eight years.
The roof was renovated in 2016, and the fire escape
was replaced in 2010. There is a 23' x 60' landscaped
garden in the rear of the building. There is a full
The existing structure features excellent light and
air exposure due to lower scale buildings to the
East, South and proximity to Tompkins Square
Park. The Property is zoned R7A with a C1-5
The underlying base residential zoning coupled
with the commercial overlay permits the property
to be redeveloped and configured as a mixed-use
conversion or entirely for residential use. This
offering presents developers and user-purchasers with the opportunity to acquire a structurally-sound building ready for conversion and redevelopment. The Property is ideal for either an investor or user.
Situated in one of Downtown Manhattan's most
vibrant neighborhoods, the Property is in close
proximity to the 14th Street commercial corridor,
Tompkins Square Park, Union Square, Astor Place/
Cooper Square, NYU's Washington Square campus,
Cooper Union, Mt. Sinai Beth Israel Hospital, the
East Side Medical-Biotech Corridor, and an array
of neighborhood attractions including dining and
nightlife, museums, galleries and independent
specialty retail shops.
Multiple subway lines are within a short walking
distance including the 6 train at Astor Place, L train
at First Avenue and F-M trains at Second Avenue.
Property Sub Type
169 1st Ave Building
E. Greenwich Village
Commercial and Residential
Monthly Tax Amount