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984-990 1st Ave
New York, NY 10022
Retail Condo - Turtle Bay, Sutton Place · Retail Property For Sale
Investment Highlights
- Wealthy neighborhood; WFH population; big street presence; dearth of quality retail offerings
Executive Summary
Retail Condo for sale at the base of a 220-unit high-rise condominium; 3,808 SF on the ground floor and 1,317 SF in the useable lower level; multiple entrances; divisible; multiple entrances; in vacant, core and shell condition; formerly an apartment sales gallery and previously a Starbucks; possible outdoor seating on building's private plaza; 400 amp electrical service; high ceilings; Turtle Bay/Sutton Place neighborhood and near Midtown East; no Type 1 cooking permitted, possible Type 2 heating/re-heating permitted.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Description
Retail Condo for sale at the base of a 220-unit high-rise condominium; 3,808 SF on the ground floor and 1,317 SF in the useable lower level; multiple entrances; divisible; in vacant, core and shell condition; formerly an apartment sales gallery and previously a Starbucks; possible outdoor seating on building's private plaza; 400 amp electrical service; high ceilings; Turtle Bay/Sutton Place neighborhood and near Midtown East; no Type 1 cooking permitted, possible Type 2 heating/re-heating permitted.
Sale Notes
$3.72 million; all cash; no contingencies; no owner financing
Common Charges: $57,801.84
Taxes: $84,060.08
Common Charges: $57,801.84
Taxes: $84,060.08
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Retail | 3,808 SF | Retail | Upon Request | - |
Unit Retail
| Unit Size |
| 3,808 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| - |
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Unit Retail
| Unit Size | 3,808 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Description | |
| Retail Condo for sale at the base of a 220-unit high-rise condominium; 3,808 SF on the ground floor and 1,317 SF in the useable lower level; multiple entrances; divisible; in vacant, core and shell condition; formerly an apartment sales gallery and previously a Starbucks; possible outdoor seating on building's private plaza; 400 amp electrical service; high ceilings; Turtle Bay/Sutton Place neighborhood and near Midtown East; no Type 1 cooking permitted, possible Type 2 heating/re-heating permitted.</li></ul> | |
| Sale Notes | |
| $3.72 million; all cash; no contingencies; no owner financing<br> Common Charges: $57,801.84<br> Taxes: $84,060.08</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 436,842 SF | Floors | 17 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 12,794 SF |
| Property Subtype | Apartment | Year Built | 1930 |
| Building Class | B | Lot Size | 0.79 AC |
| Zoning | R10 - C Zone | ||
| Total Building Size | 436,842 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 17 |
| Typical Floor Size | 12,794 SF |
| Year Built | 1930 |
| Lot Size | 0.79 AC |
| Zoning | R10 - C Zone |
Amenities
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Doorman
- Bicycle Storage
- Online Services
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 26 | - | 350 - 1,100 |
| 1+1 | 329 | - | 595 - 1,050 |
| 1+1.5 | 1 | - | 850 |
| 2+2 | 37 | - | 620 - 1,347 |
| 3+2 | 4 | - | 1,400 - 1,605 |
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Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
