87 1st Avenue

87 1st Ave
East Village

$8,248,000
Price
20
Beds
—
Baths
11,158 Sq. Ft.
$739 / Sq. Ft.
11,158
Sq. Ft.
$739
per Sq. Ft.

Description

Prime East Village Location! Income-generating Brick 1 Store plus 16 Family with Huge Upside Potential! 12 Units of 1 Bedroom with 4 Units of 2 Bedrooms. This multi-unit property boasts 1- 2-bedroom units, perfect for growing families or young professionals. Building will be sold "as-is" with 1 store Vacant, 5 units Vacant (3 Unit 1 bedroom and 2 Units 2 bedrooms) and 11 Units with tenants already in place, providing immediate rental income. Close to shopping, and Few Minutes to the F train.Prime East Village Location! Income-generating Brick 1 Store plus 16 Family with Huge Upside Potential! 12 Units of 1 Bedroom with 4 Units of 2 Bedrooms. This multi-unit property boasts 1- 2-bedroom units, perfect for growing families or young professionals. Building will be sold "as-is" with 1 store Vacant, 5 units Vacant (3 Unit 1 bedroom and 2 Units 2 bedrooms) and 11 Units with tenants already in place, providing immediate rental income. Close to shopping, and Few Minutes to the F train.

Amenities

  • Walk Up
  • Private Outdoor Space
  • Midrise
  • Parking Included
LISTING UPDATED: 12/01/2025 12:17 PM

Property Details for 87 1st Avenue

StatusActive
MLS ID493314
Days on Market177
Taxes$84,670 / year
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1920
Lot Size2,425 SF / 24' x 100'
CountyNew York County

Building

87 1st Ave

16 Units5 StoriesBuilt in 1920

Location

Listing Courtesy of Tiger Realty
Add your commute

Building Information for 87 1st Avenue

Stories5Residences16Year Built1920Lot Size2,425 SF / 24' x 100'Building Age-Building Type-

Payment Calculator

$47,812 per month

30 year fixed, 6.28% Interest

Principal and Interest

$40,756

Property Taxes

$7,056

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 87 1st Avenue

Summary
Location and General Information
  • Block: 447
  • Number Of Stories: 1
  • Cross Street Name: 2nd Ave
  • Cross Street Name: Brooklyn Ny
  • Zoning: R7A
  • Roof: Flat
Parking
  • Parking Attributes: Other
  • Parking Feature Single: Other
Taxes and HOA Information
  • Financing: Bank Mortgage, Cash
  • Tax Amount: 84670.0
  • Gross Expense: 155904.0
  • Gross Income: $722,680.00
  • Miscellaneous Expense: 3840.0
Property
Lot Information
  • Sq Ft Total: 11158
  • Yard: Back
  • Lot Number: 33
  • Lot Size Irregular YN: No
  • Lot Size Length: 100
  • Lot Size Width: 24
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Other
  • Heating Fuel: Gas
  • Hot Water: Gas
  • Utility Expense: 1319.0
  • Fuel Expense: 21000.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Full
  • Commercial Features Interior: Other
  • Foundation Details: Poured Concrete
  • Flooring: Hardwood, Tile, Other
  • Unit Count: 17
  • Lavatories: Other
  • Construction Materials: Brick
  • Electric: Other
Exterior Features
  • Exterior: Brick, Other
  • Commercial Features Exterior: Other
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 2400.0
  • Building Length: 100.0
  • Building Type: Semi-Detached
  • Building Width: 24.0
Unit 1
  • Unit Category: Store
  • Unit Floor: 1
  • Unit Projected Rent: 25000.0
  • Unit Status: No Lease
  • Unit Unit Type: Vacant
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 2513.25
  • Unit Floor: 1A
  • Unit Rooms Total: 4
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Floor: 1B
  • Unit Projected Rent: 2900.00
  • Unit Rooms Total: true
  • Unit Status: Vacant
  • Unit Unit Type: 1 Bedroom
Unit 4
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: 1C
  • Unit Projected Rent: 3500.00
  • Unit Rooms Total: true
  • Unit Status: Vacant
  • Unit Unit Type: 2 Bedrooms
Unit 5
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 2460.0
  • Unit Floor: 1D
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Unit 6
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 1818.82
  • Unit Floor: 2A
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Unit 7
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 2546.15
  • Unit Floor: 2B
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Unit 8
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 2280.0
  • Unit Floor: 2C
  • Unit Rooms Total: true
  • Unit Status: Month-to-Month
  • Unit Unit Type: 2 Bedrooms
Unit 9
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 2266.79
  • Unit Floor: 2D
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Unit 10
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Floor: 3A
  • Unit Projected Rent: 2900.00
  • Unit Rooms Total: true
  • Unit Status: Vacant
  • Unit Unit Type: 1 Bedroom
Unit 11
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 2461.09
  • Unit Floor: 3B
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Unit 12
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Current Rent: 931.71
  • Unit Floor: 3C
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 2 Bedrooms
Unit 13
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 2374.89
  • Unit Floor: 3D
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Unit 14
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Floor: 4A
  • Unit Projected Rent: 2500.00
  • Unit Rooms Total: true
  • Unit Status: Vacant
  • Unit Unit Type: 1 Bedroom
Unit 15
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Current Rent: 2567.9
  • Unit Floor: 4B
  • Unit Rooms Total: true
  • Unit Status: Leased
  • Unit Unit Type: 1 Bedroom
Agent
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 36000.0
  • Owner Occupied: No

Property History for 87 1st Avenue

DateEvent & SourcePriceAppreciationLink
Nov 20, 2025

Price Change

BKMLS #493314

$8,248,000——
Nov 5, 2025

Price Change

BKMLS #493314

$8,250,000——
Oct 3, 2025

Price Change

BKMLS #493314

$8,500,000——
Jul 3, 2025

Price Change

BKMLS #493314

$8,999,999——
Jul 2, 2025

Price Change

BKMLS #493314

$7,999,999——
Jun 10, 2025

Price Change

BKMLS #493314

$8,999,999——
Jun 10, 2025

Price Change

BKMLS #493314

$8,999,000——
Jun 10, 2025

Price Change

BKMLS #493314

$8,500,000——
Jun 10, 2025

Price Change

BKMLS #493314

$8,250,000——
Jun 10, 2025

Listed (Active)

BKMLS #493314

$7,999,999——
Apr 2, 2023

Permanently Off Market

Manual

$12,000,000——
Feb 8, 2023

Listed (Active)

OLR #87720TH

—
Sep 15, 2022

Temporarily Off Market

BKMLS #466683

$12,000,000——
Sep 15, 2022

Listed (Active)

BKMLS #466683

$13,000,000——
Sep 4, 2022

Temporarily Off Market

BKMLS #466390

$12,000,000——
Sep 4, 2022

Listed (Active)

BKMLS #466390

$12,000,000——
DateEvent & SourcePrice
11/20/2025

Price Change

BKMLS #493314

$8,248,000
11/05/2025

Price Change

BKMLS #493314

$8,250,000
10/03/2025

Price Change

BKMLS #493314

$8,500,000
07/03/2025

Price Change

BKMLS #493314

$8,999,999
07/02/2025

Price Change

BKMLS #493314

$7,999,999
06/10/2025

Price Change

BKMLS #493314

$8,999,999
06/10/2025

Price Change

BKMLS #493314

$8,999,000
06/10/2025

Price Change

BKMLS #493314

$8,500,000
06/10/2025

Price Change

BKMLS #493314

$8,250,000
06/10/2025

Listed (Active)

BKMLS #493314

$7,999,999
04/02/2023

Permanently Off Market

Manual

$12,000,000
02/08/2023

Listed (Active)

OLR #87720TH

—
09/15/2022

Temporarily Off Market

BKMLS #466683

$12,000,000
09/15/2022

Listed (Active)

BKMLS #466683

$13,000,000
09/04/2022

Temporarily Off Market

BKMLS #466390

$12,000,000
09/04/2022

Listed (Active)

BKMLS #466390

$12,000,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 87 1st Avenue

Taxable ValueLand$163,800Additions$513,450Total$677,250
Tax Record2025$84,656 ($7,055 / month) Tax Class2Tax Rate12.5%
Home Facts
Total Finished SqFt11,158 SqFtLot Size2,425 SqFtYear Built1920ZoningR7AAPN1004470033

Schools near 87 1st Avenue

This home is within New York City Geographic District # 1.
Rating
School
Type
Grades
Distance
S.T.A.R. Academy - PS 63
Public - PK to 5
Earth School
Public - PK to 5
P.S. 64 Robert Simon
Public - PK to 5
Neighborhood School
Public - PK to 5
Rating
School
Distance
S.T.A.R. Academy - PS 63
PublicPK to 5

Earth School
PublicPK to 5

P.S. 64 Robert Simon
PublicPK to 5

Neighborhood School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 87 1st Avenue, East Village

87 1st Avenue is a mixed use property for sale in East Village. This property was listed for sale on June 10, 2025 by Tiger Realty, it's currently listed at $8,248,000. This listing's school district is New York City Geographic District # 1. Nearby schools include S.T.A.R. Academy - PS 63, Earth School and P.S. 64 Robert Simon. 87 1st Avenue is a 20-bed, 0-bath, 11,158 sqft mixed use property built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Tiger Realty

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2025, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2025 The Real Estate Board of New York, Inc., All rights reserved.