About This Home

This 0-bedroom, 0-bathroom single family at 87 1st Avenue in New York, NY is listed for $7,499,000 ($672 per sqft). Built in 1920, the home offers 11,158 sqft of living space on a 0.06 acres lot.

Key Features

  • Built in 1920
  • 0.06 acre lot
  • 5 stories

Property Details

5 stories
1920

Amenities

Hardwood
Listing Description

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, cafes, 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 cafes, 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.

Monthly Cost Estimate

$40,106/mo

20% down · 6.5% · 30 years

Principal$5,423
Interest$32,496
Insurance$2,187

Estimates only. Actual payments may vary.

Location

87 1st Avenue

New York, NY 10003

Property Details

Flooring

LaminateTileHardwoodCeramicParquet Wood

Construction

Brick Masonry

Questions & Answers

This 0-bedroom, 0-bathroom single family at 87 1st Avenue is listed at $7,499,000 ($672/sqft). The estimated monthly payment is $40,106 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1920, 0.06 acre lot, 5 stories.

This property is listed by Kun (John) Wu.

KW

Kun (John) Wu

Agent at Tiger Realty

Listed by Tiger Realty · Broker phone: (917) 708-9966

MLS# 502165· Source: Brooklyn New York Multiple Listing Service· 137 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.

87 1st Avenue, New York, NY 10003

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