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335 First Ave 6 Unit Apartment Building $3,500,000 ($583,333/Unit) 6.12% Cap Rate New York, NY 10003

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Investment Highlights

  • Prime Manhattan Location: Situated on one of the city’s busiest corridors with excellent visibility and accessibility.
  • Built-In Value: Ground floor features a former medical build-out, offering turnkey potential or customization options.
  • Versatile Opportunity: Ideal for end-users, investors, or owner-occupants seeking medical, wellness, office, or boutique retail space.

Executive Summary

Property Overview:
An exceptional opportunity to own a mixed-use building located on one of Manhattan’s busiest corridors. 335 1st Avenue is a three-story walk-up building ideal for end-users, investors, developers, or medical/office owner-occupants.
Property Highlights:
Ground floor commercial space with former medical build-out
Potential for owner-occupancy or rental income
Strong foot traffic, highly visible frontage on 1st Avenue
Ideal for medical, wellness, professional office, or boutique retail

Property Facts

Price $3,500,000
Price Per Unit $583,333
Sale Type Investment
Cap Rate 6.12%
Sale Conditions
1031 Exchange
  • Lease Option
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Mid-Rise
Building Class C
Lot Size 0.04 AC
Building Size 5,050 SF
Average Occupancy 100%
No. Stories 4
Year Built 1920
Zoning C1-6A - Zoned C1-6A, suitable for medical, retail, office, or wellness tenants

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 6 - 600
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
0925-0037
Land Assessment
$139,696
Improvements Assessment
$595,011
Total Assessment
$734,707
  • Listing ID: 36688017

  • Date on Market: 7/10/2025

  • Last Updated:

  • Address: 335 First Ave, New York, NY 10003

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