For sale: 171 1st Ave., home of Momofuku and the only cast-iron building in the East Village

There's a new listing for 171 First Ave., the 5-story building between 10th Street and 11th Street. 

Here are the details via Avison Young: 

171 First Avenue, the only cast-iron property in the East Village, spans 10,674 gross square feet and consists of five total units across five stories. The ground floor space (and lower level) is occupied by Momofuku Noodle Bar, which is owned and operated by notorious restaurateur David Chang. There are four FM loft-style residential units across floors 2-5. 

Asking price: $10.59 million. 

Chang opened Noodle Bar here in 2004.

In 2019, a Miami real-estate investor bought both 169 and 171 First Ave. for $14 million, per the Post.

Image via Avison Young

169 and 171 1st Ave. fetch $14 million

As we first noted back in February, 169 and 171 First Ave., located between 10th Street and 11th Street, arrived on the sales market. The two walk-up buildings, with two retail spaces and five residential units, were available separately or as a package, per the listing.

A Miami real-estate investor opted for both buildings, in a transaction reported at $14 million for the pair, which comes out to "$1,100 per foot, a very high per foot price," per Lois Weiss at the Post, who first reported on the deal.

The residential units are market rate ... as for the retail spaces, 16-year-tenant Momofuku signed a 10-year lease renewal in 2015, per Weiss. No word about Manhattan Eyeworks next door at No. 169, a three-story building that features a 60-foot rear garden, a free-market duplex apartment and — drumroll — 6,508 feet of air rights.

169 and 171 1st Ave. (home to Momofuku) are for sale

Several EVG tipsters have shared the brief details that 169 and 171 First Ave., located between 10th Street and 11th Street, are now on the sales market.

Here's part of the email that was in circulation late last week:

Two Contiguous Mixed-Use Walk-up Buildings
Home to Momofuku Noodle Bar!

Compass is pleased to offer for sale two contiguous mixed-use walkup buildings located at 169 First Ave. and 171 First Ave. The buildings contain a total of 2 retail stores and 5 free market residential units. The Property can be sold separately or as a package.

The listing doesn't appear to be online just yet. Streeteasy has one listing for a rental at No. 171, a floor-through loft-like space now asking $9,300 (and a recent $2k price chop).