1121 First Avenue is a five-story, mixed-use building consisting of 16 residential apartments and 2 ground-floor retail spaces. The residential unit-mix consists of 12 two-bedroom and 4 studio apartments. Situated on the east side of First Avenue between 61st and 62nd Street across the street from CMX Cinemas, Bed Bath & Beyond, and few blocks from Whole Foods. The #4/#5/#6/ N/ R/ Q Trains are located 3 blocks away on Lexington Avenue, and the crosstown M57 bus runs along 57th Street. As currently constructed the building stands at 13,900 SF with 17,600 SF of unused air rights presenting a unique opportunity to acquire an investment with strong income and an incredible upside for development.