21 17Th StNew York, NY 10003

  • Mixed-use properties
  • 10,529 SF
For Lease
$55/SF/YR View listing

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
Mixed-use properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,158,540
    6.5%
    $1,992,499
    7%
    $1,850,177
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,132,365
    Geo Method
    $2,132,365
  • Alternative Use

    Use
    Valuation
    Residential
    $1,992,499
    Hospitality
    $1,825,118
    Educational
    $1,518,477
    Medical
    $1,570,700
    Retail
    $2,362,075
21 17Th St, New York, New York

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$173,878
$450,000
$1,248,840
$1,698,840
-
$1,000,000
$2,648,000
$3,648,000

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