87 1st Avenue

$8,248,000

For Sale

11,158 ft²

$739 per ft²

80 rooms

20 beds

17 baths

Rental unit
East Village
Resale

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Listing by Tiger Realty, Real Estate Principal Office, 1484 86th Street, Brooklyn, NY 11228

Common charges

Not applicable

Estimated payment

$40,950/mo

Taxes

No info

Tax abatement

No info

About

Seller’s agent

Peter Pan

Licensed Real Estate Salesperson

Tiger Realty

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.

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Home features

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Building amenities

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About the building

87 1st Avenue

87 1st Avenue, New York, NY 10003

Rental building inEast Village

16 units

5 stories

1920 built

For sale

1 available units for sale

For rent

0 available units for rent

Documents and permits

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Learn more about 87 1st Avenue

Property history

Price Change: ↓ $2,000 (-0.0%) on 12/3/25
Days on market: 250 days

Date	Price	Event
12/3/2025	$8,248,000	Price decreased by 0%
11/7/2025	$8,250,000	Price decreased by 3%
10/21/2025	$8,500,000	Price decreased by 6%
7/8/2025	$8,999,999	Price increased by 13%
7/2/2025	$7,999,999	Price decreased by 11%

Explore East Village

Transit

Location	Distance
Fat 2nd Av	0.23 miles
6at Astor Place	0.35 miles
BDFM6at Bleecker St	0.4 miles
Lat 1st Av	0.4 miles
RWat 8th St–NYU	0.41 miles

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About East Village

Rental prices shown are base rent before any fees. Visit listings for cost and fees breakdown.

SalesMedian asking price

20 beds

$8.25M

Known and loved for being the birthplace of punk rock, the East Village is known for its vibrant restaurants and cocktail dens. During the day, however, the neighborhood slows down and has a tranquil feel. Meander down a leafy side street, and you'll happen upon plenty of prewar buildings and rusting fire escapes, which lend the East Village its old-fashioned charm.

Learn more about East Village