87 1st Ave 16 Unit Apartment Building $7,499,000 ($468,688/Unit) New York, NY 10003

Located in the heart of Manhattan’s highly desirable East Village, 87 1st Avenue offers an exceptional investment opportunity in one of New York City’s most vibrant and sought-after neighborhoods. Situated on First Avenue between East 5th and East 6th Streets, the property enjoys convenient access to premier dining, shopping, entertainment, and cultural destinations. The East Village is renowned for its strong rental demand, diverse restaurant scene, vibrant nightlife, and enduring neighborhood appeal. Residents benefit from close proximity to Tompkins Square Park, New York University, and multiple subway lines options, including the F, 6, N, R and W, providing convenient access throughout Manhattan and the surrounding boroughs. Surrounded by popular restaurants, cafés, boutique retailers, and neighborhood amenities, the area continues to attract a diverse tenant base seeking the convenience and lifestyle of Downtown Manhattan. Nearby attractions include Emmy Squared Pizza, Nounou Noodle Bar, specialty cafés, local boutiques, and numerous acclaimed dining establishments that contribute to the neighborhood’s energetic atmosphere. Characterized by a unique blend of historic pre-war architecture and modern developments, the East Village remains one of Manhattan’s most desirable residential and investment destinations. This exceptional location offers a rare combination of stable rental demand, long-term appreciation potential, and unmatched access to everything Downtown Manhattan has to offer, making it an outstanding opportunity for investors seeking both current income and future growth.