About This Home

This 0-bedroom, 0-bathroom commercial at 1944 1st Avenue in Manhattan, NY is listed for $689,000 ($138 per sqft). the home offers 5,000 sqft of living space on a 1.72 acres lot.

Key Features

  • 1.72 acre lot

Amenities

A/C
Listing Description

Welcome to 1944 1st Avenue, an excellent opportunity to acquire a fully renovated supermarket business located in the heart of East Harlem. Situated along the busy 1st Avenue commercial corridor, this approximately 5,000 SF operation offers a wide storefront, strong visibility, and heavy pedestrian traffic.

The supermarket offers a variety of groceries, fresh food, and prepared hot food, and includes a fully equipped kitchen for on-site food preparation. The entire space was completely renovated approximately one year ago, providing a modern and well-maintained setup for a new operator.

The business generates approximately $160,000 in monthly revenue. Current rent is approximately $13,200 per month, including property taxes, making this a strong income-producing business opportunity in a high-demand Manhattan neighborhood. Surrounded by residential buildings, restaurants, parks, hospitals, and other neighborhood businesses, the location benefits from a consistent customer base and excellent foot traffic.

Convenient transportation nearby includes the Q and N subway lines, as well as the M15 and M106 buses. A rare opportunity to acquire a large, recently renovated supermarket with an established operation, full kitchen, excellent visibility, and strong monthly sales in East Harlem.

Monthly Cost Estimate

$3,685/mo

20% down · 6.5% · 30 years

Principal$498
Interest$2,986
Insurance$201

Estimates only. Actual payments may vary.

Location

1944 1st Avenue

Manhattan, NY 10029

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1944 1st Avenue is listed at $689,000 ($138/sqft). The estimated monthly payment is $3,685 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 1.72 acre lot.

This property is listed by XueFang (Sue) Li.

XL

XueFang (Sue) Li

Agent at Fang Fang Realty Inc

Listed by Fang Fang Realty Inc · Broker phone: (718) 676-2518

MLS# 504679· Source: Brooklyn New York Multiple Listing Service· 44 days on PropertySimple

Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1944 1st Avenue, Manhattan, NY 10029

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