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Type:
Mixed Use
Sq Ft:
3,962
Units:
Property Description
Investment Property Realty Group (IPRG) is pleased to present 94 Avenue C, a four-story, mixed-use building located between East 6th and East 7th Streets in the heart of the East Village, one of Manhattan’s most dynamic and sought-after neighborhoods. The property spans approximately 3,962 square feet and sits on a 22.67 ft x 52 ft lot. The building measures 23 ft x 43 ft and is zoned R7A, C2-5, offering flexibility for both residential and commercial uses. It is classified in the 2B protected tax class, providing long-term tax stability. 94 Avenue C consists of three full-floor, free-market residential units and one ground-floor retail space. The retail is occupied by Bobwhite Counter, a popular neighborhood eatery and anchor tenant. The restaurant space includes a finished basement and outdoor storage area with a newly added electric hot water tank, and benefits from excellent visibility and strong foot traffic along Avenue C.
The residential portion consists of two two-bedroom apartments on the second and third floors, and one three-bedroom apartment on the fourth floor—each occupying a full floor. All units are free-market and present strong rent growth potential through renovation to further enhance income and appeal.
Situated in the vibrant East Village, the property is surrounded by an eclectic mix of restaurants, cafés, boutique retailers, and nightlife, and is only steps from Tompkins Square Park. The location also offers convenient access to major subway lines and bus routes, connecting tenants quickly to the rest of Manhattan and beyond.
94 Avenue C represents a rare opportunity to acquire a well-maintained, cash-flowing mixed-use property with curb appeal and immediate rental upside in one of Manhattan’s most energetic and culturally rich neighborhoods.
LIST OF RECENT IMPROVEMENTS:
• New roof & new staircase from level 2 to 3
• Converted all units from gas to electric including new appliances over the last 2 years
• The restaurant is ADA compliant (ramp added in last 10 years)
• All 3 units have new heating/cooling systems about 7/8 years ago
• Electric service was increased to 200 amps, and a new meter was installed in April 2022 at Bobwhite Counter
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Block & Lot:
376-3
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Neighborhood:
East Village
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Cross Streets:
East 6th and East 7th
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Building Dimensions:
23’ x 43’
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Lot Dimensions:
23’ x 52
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Units:
4
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Total Approx. SF:
3,962
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Zoning:
R7A, C2-5
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Tax Class:
2A
