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210 First Avenue I New York, Ny EXCLUSIVE OFFERING MEMORANDUM 210 FIRST AVENUE I NEW YORK, NY EAST VILLAGE MIXED-USE MULTIFAMILY BUILDING EXECUTIVE SUMMARY Eastern Consolidated, as exclusive agent, is pleased to offer for sale the mixed-use multifamily building at 210 First Avenue. The property is positioned on the east side of First Avenue between East 12th Street and East 13th Street in the East Village. The six-story, ±12,750 square-foot building contains (20) residential units and (2) commercial units. 210 First Avenue benefits from its superior access to public transportation. The crosstown L subway line is located on the corner of East 14th Street and First Avenue. This makes for convenient access to trendy neighborhoods such as Williamsburg, Union Square, and the Meatpacking District. The Second Avenue Subway, which opened its first phase already, will extend down and have a stop at 14th street. This will provide easy access to Midtown and Downtown Manhattan Central Business Districts (CBD). 210 First Avenue is surrounded by many famous restaurants like Momofuku Noodle Bar, Sushi Dojo, Noreetuh, Xi’an Famous Foods and the like. It is also only five minutes away from Saint Marks Place. Additionally, 210 First Avenue is nearby world renowned academic institutions like New York University and Parsons School of Design. 210 First Avenue presents investors with an opportunity to acquire an asset in a superior location in the City. HIGHLIGHTS • ±12,750 Square foot mixed-use multifamily building located in the East Village • Two street level retail stores and twenty apartment units • Tremendous upside in commercial and residential rents • Located one block from 14th Street and First Avenue station providing easy access to the L-train • Surrounded by trendiest restaurants and bars • Walking distance to New York University and Parsons School of Design 2­ 210 FIRST AVENUE EXECUTIVE Summary PROPERTY OVERVIEW Address: 210-212 First Avenue, New York, NY 10009 Location: Located on the east side of First Avenue between East 12th Street and East 13th Street Block/Lot 440-7 Lot Size: 37' x 80' irreg. Stories: 6 Gross Square Footage: 12,750 approx. BLOCK 440 EAST 13TH ST Residential Units: 20 Commercial Units: 2 7 Total Units: 22 AVENUE A AVENUE Zoning: C1-5/R7A AVENUE FIRST FAR: 4.00 EAST 12TH ST Lot SF: 2,922 approx. Real Estate Taxes: $151,285 Asking Price $14,000,000 PPSF $1,098 CONTACT Catherine Isalguez Executive Assistant [email protected] 646.658.7304 3­ 210 FIRST AVENUE Property OvervieW k a r ORCHARD Wakeeld PELHAM t m BEACH Wakeeld BAY A 241 St PARK WESTCHESTER B 2 A YC EASTCHESTER THE BRONX H E S TE T R S Eastchester B Nereid Av A 33 R V 2 Dyre Av O 2•5 A D 5 Riverdale W A Woodlawn 233 St Y New York City Subway 2•5 Baychester Av CO-OP M 5 225 St 22 ST CITY O h 2 with bus and railroad connections t S r • o 2 5 H O N - L o U r t Van Cortlandt Park e 219 St BAYCHESTER M Key THE • 242 St VAN Wood lawn 2 5 Y V 1 A CORTLANDT P A I K 4 E N W W K CITY Thesubway operates 24 hours a Local service only P Y D PARK D RIVERDALE Gun Hill Rd R Gun Hill Rd BRONX Y Williams U A E A W O B Y ISLAND Rush hour line L S day, but not all lines operate at all P • O 5 K RK 2 5 V W All trains stop (local I Bridge E A A S P R P W N N M PK A extension B TO A times.Call our Travel Information H N E R H D L and express service) D VAN CORTLANDT Mosholu Pkwy E Norwood I E O T D PE E G LL E A Center at 511 for more information S D E A N 238 St I 4 A D R 205 St 231 ST P N C V B L U 1 A in English or Spanish (24 hours) or E Pelham Bay Park V N A H A I D L KINGSBRIDGE I A N I A N P Y Burke Av 6 ask an agent for help in all other V W B S S R IR • R E N 2 5 D Accessible D languages (6AM to 10PM). E 231 St R Station Bedford Pk Blvd Bedford Pk Blvd N H W station 1 • Buhre Av O Name Lehman College B D ET Spuyten L • Free subway transfer 225 ST Allerton Av 6 D A B Duyvil Metro-North Marble Marble Hill 4 Pelham Pkwy ID Hill 2•5 5 M Free out-of-system 225 St Botanical Garden Bus or AIRTRAIN H E U subway transfer ON DG 1 T to airport RI Kingsbridge Rd Middletown Rd C DS B H visit www.mta.info (excluding single-ride U E Y • IN H A Kingsbridge Rd V 6 W B D S Police Y IDG D A Morris Park ticket) Pelham Pkwy O R R A N O 4 E N B R V • 5 A Full time service B M 2 5 HE O R E R Bus to airport Fordham Rd T Part time service E S J INWOOD • Fordham WH E Westchester Sq Terminal 215 St B D Fordham Rd H P HILL PARK K D BRONX Bronx Park ITE AV C East Tremont Av To show service more clearly, geography 1 R 4 FORDHAM T T W AM N S Y DH West FarmsZOO Sq P AmtrakO E R East LA M 6 on this map has been modied. Commuter rail service FO E W Y UNIVERSITY HTS BR • R W Inwood E Tremont Av 2 5 IN T P 207 St 183 St S E X University RD E 207 St Y 182–183 Sts Zerega Av M 4 THROGS A 1 Heights • e B D A W 180 ST S 6 This map depicts weekday service. D t T NECK r A o Burnside Av L O - AWR Castle Hill Av R BRIDGE R N GRAND CONCOURSE E 180 St Z On weekends and late nights, these routes change: B o 4 PARKCHESTER E Dyckman St 6 Dyckman St r Tremont Av 2 • • EN R CKNE t 2 5 E h Tremont 5 G V RU A FORT TRYON 1 southbound only B•D TRE C CROSS BRON A B A M E X ON EXP T AV WY A PARK T AV C S V Weekends Morris 176 St TREMONT H Parkchester A A S 191 St I L R T 4 L D 6 O Heights 190 St 1 HIGHBRIDGE 174–175 Sts E H H A Manhasset PARK St Lawrence Av I BRONX-WHITESTONE A C 174 St L • V I F B D EL W L N O Mt Eden Av • 6 A HI 2 5 D V R T E TE P B WASHINGTON BRIDGE T S 4 R No service- Delancey St/ Local in No service- Dyre Av– R BRIDGE 181 St 181 St W L O rush Morrison Av AI useC D Q Essex St– Manhattan, useNR Bowling Green A GEO. WASHINGTON A A 1 HAMI LTON BRIDGE N S D 170 St hours A Soundview S RD H H Metropolitan Avvia Manhattan BRIDGE W 170 St V SO I h N t U A 4 6 • r N G a B D D Bridge Y WE o Freeman St HIGH- VI LIRR T E N Elder Av W O r • BRIDGE - 2 5 B A N o V (midnight to 6am, daily) l r Late nights S 6 175 St A t MORRISANIA T V e e E SOUNDVIEW AMSTERDAM AV A M 167 161 S tSt R Whitlock Av m 167 St Yankee Stadium A 4 • 6 42 St V B D s WASHINGTON Simpson St P B s A R R HEIGHTS 168 St • e W 2 5 r S Auburndale H O Local, 207 St– No service- Local No service- Local in Myrtle Av– No service- • • • i p A C 1 N Amtrak A C I T v x S E Far Rockaway. useA service useA D Q Brooklyn Metropolitan Av use7 e Little FT Melrose S B R e T L Great n I Intervale Av V Euclid Av-Lefferts Shuttle WA O Neck V 163 St–Amsterdam Av r D Douglaston RIVERSIDE PARK o E i N Bayside Neck • • t Auburndale R D 2 5 Hunts Point Av E Blvd Shuttle LIRR S C Yankees- • c S E H 4 e I rush r 6 X D E153 St i P AV Prospect Av E d • D hours W Longwood Av D • k 2 5 a Y R 157 St 155 St e 6 155 St B Jackson Av p 149 St–Grand r 1 s s C s • 5 u e Concourse • o s pr • 4 THE HUB 2 5 h k direction ex e C rush hour pea 2 sh r L ru p E 149 St E BroadwayLocal, via Local Whitehall St- No service- Local A 148 St– Local, Woodlawn– Dyre Av– x HUNTS D R DO V V e 6 BL IE RIVERBANK MOTT HAVEN POINT N Financial District service 95 St useN service TimesW Sq/42 St New Lots Av E180 St FRE UG 3 Av–149 St n R E STATE PARK o HE X Harlem • ti E 143 St T P Skips Hoyt St Shuttle LAS 2 5 R W 145 St D c St Mary’s St O 145 ST 145 St re N Y 145 St ERIC i 1 148 St k d 6 S a • • • M 3 pe BLV A B C D PO 3 weekday A 138 St–Grand K AD © 2016 Metropolitan Transportation Authority November 2016 L WELL ST NICHOLAS AV C Concourse Cypress Av D 137 St AM O • 6 e r L 4 5 Brook Av B v City M i CLAYT R 6 4 skips rush hour B 3 Av R N 135 ST Murray A O X College LVD ( peak direction t 135 St A 135 St R s Q B 138 St Hill U D E O QUEENS 1 • L 2•3 a RIKERS E W B C V ON 6 B E 7 VILLAGE D B A E AV ISLAND R Y R ( V 125 St L A I ) T Y 125 ST E 125 St D W E 125 St M60 SBS XP D N F E I 1 G LaGuardia Link Q70 SBS CUNNINGHAM S • • L O E • • • 125 St K A B C D 2 3 M60 SBS FLUSHING PARK IL X M60 SBS Harlem • • E H LGA Airport 4 5 6 N M60 SBS M60 SBS HARLEM A Q47 KISSENA 116 St N V 125 St Flushing EAST E LGA Airport ) RANDALLS Q48 PARK D Columbia 116 ST QUEEN S E HARLEM ISLAND Main St KI IK Y Flushing S 116 St 116 St 116 St Q72 SEN P A University BL FRESH N 7 VD R B•C 2•3 ND U M60 SBS 1 6 LA MEADOWS T HOLLIS IS N LAGUARDIA NG IO LGA Airport LO U N AIRPORT Q48 T U Central Park O Cathedral Pkwy P Cathedral AMSTERDAM AV 110 St IA North ( 110 St) SECOND AV P THIRD AV (110 St) FIRST AV Pkwy • 6 K • 2 3 Q72 Mets–Willets Point W B C Y Hollis (110 St ) Q47 • 7 Q48LGA Airport M JAMAICA A n 1 IN ESTATES DITMARS BLVD VD CORONA Mets–Willets Point S IA BL T Astoria STOR r A R 103 St 103 St Ditmars Blvd ASTORIA 111 St Q3 I 103 St 3 V • MADISON AV • 1 E 1 B C N W 82 ST • 6 7 Q48LGA Airport S R FIFTH AV 1 PARK AV 1 T S 1 FLUSHING so S I T D M60 SBS MEADOWS Y Jamaica E 96 ST W LIRR CORONA P D Astoria Blvd STEINW X 179 St 96 St 82 St–Jacks E KEW TRANSPORTATIONR MAP d 96 St 96 St • 103 St–Corona Plaza PARK G 6 M60 SBSN W LaGuardi N GARDENS F ive 36 S I 1•2•3 • L 7 D P WE B C JACKSON R HILLS HILLCREST A V LGA Airport a A RS A 2 G 74 St– HEIGHTS H O A AY ST 169 St T ST END AV N 1 S u Junction Blvd 11 E S IC a 2 S C B r a Link Q70 SBS T A L V F MA R d • MANHATTAN T V R 86 ST M ia on Hts 7 Q72LGA Airport D A JA V 30 Av Northern Blvd L O E B 30 A i Broadway H AV CE 86 St VERNON n D LE k I R 86 St 86 St • S Hu • • N W Steinway St Q 90 St–Elmhurst Av COLUMBUS AV O UPPER 7 J WEL L Parsons Blvd N • X 4 5 6 B C 0 U IL UPPER1 A N IN T EAST SB V 7 C JE H D F R S A T WEST GT 65 St 7 IO W 46 St T A METROPOLITAN SIDE M • L N JAMAICA L B E SIDE A • B O • V R L Y P 81 St–Museum R 7 E V MUSEUM LV N M S D Sutphin Blvd 79 St A 79 ST M • O AV D R of Natural OF ART R O
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