21 17Th StNew York, NY 10003

Property Details for 21 17Th St

Year built

1915

Lot size

0.05 AC

Property size (Sq ft)

10,529 SF

Zone code

M15M

Property type

Retail residential properties

APN

00846-0016

APU

8460016

Description

This exceptional 11,250 square foot, five-story commercial building at 21 E 17th Street, near the corner of Broadway and Union Square in New York City, presents a unique opportunity. Currently offering 9,300 square feet of vacant space, divisible into units as small as 2,325 square feet, with a maximum contiguous space of 2,325 square feet. The building, constructed in 1915 and classified as Class C, features high ceilings ranging from 12 to 14 feet depending on the floor, offering ample natural light with windows on both the front and back. The property boasts a 2,614 square foot lot and is zoned M1-M5. While there are no elevators, the building's 11,300 total square feet are spread across five floors. The landlord is offering significant tenant improvements, including new bathrooms, flooring, and lighting. The landlord is also open to discussing partitioning and other build-out requirements. Property taxes are $15 per square foot. This location provides excellent access to public transportation and is situated in a vibrant, high-traffic area. Ideal for retail, office, or restaurant use, this property offers a rare chance to establish a presence in a prime Manhattan location. Inquire today to explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,984,650

  6.5%

  $1,831,980

  7%

  $1,701,130

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,403,230

  Geo Method

  $1,403,230

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,585,330

  Retail / Commercial

  $1,838,540

  Hospitality / Lodging

  $1,344,070

  Office

  $1,821,100

  Institutional / Educational

  $1,904,530

  Residential Income

  $2,228,290

  Multifamily

  $2,672,500

  Automotive / Energy

  $1,632,450

  Parking / Income-Based Land

  $563,339

  Restaurant / Food Service

  $952,829

  Healthcare / Senior Housing

  $1,878,670

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7375

Longitude

-73.9908

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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