40 20Th StNew York, NY 10003

Property Details for 40 20Th St

Year built

1920

Lot size

0.23 AC

Property size (Sq ft)

29,904 SF

Zone code

C64A

Property type

Flex space

APN

00821-1001

APU

8211001

Description

This exceptional 3,541-square-foot retail condominium, ideally situated in New York City's coveted Flatiron District at 40 East 20th Street (zip code 10003), presents a unique investment opportunity. Currently configured as a restaurant, this property boasts a prime location within a vibrant culinary scene, surrounded by renowned establishments such as Gramercy Tavern, Sugarfish, Boucheire, L'Express, Devocion, Barbounia, ABC Kitchen, Cosme, Laut Singapore, Chilewich, and the Shade Store. The property's convenient proximity to the Union Square subway station ensures excellent accessibility for both staff and patrons. This retail condo offers a rare chance to own a thriving business space in one of Manhattan's most desirable neighborhoods. The property is available for sale and offers a strong potential for return on investment. Annual property taxes and common area maintenance charges total $49,562. This is an ideal purchase for an owner/operator seeking a well-established location with high foot traffic and a strong reputation. The property is located in New York County, New York, and its precise coordinates are latitude 40.7384505 and longitude -73.9886176.

• CAP approach

  CAP return

  Valuation

  6%

  $11,031,500

  6.5%

  $10,182,900

  7%

  $9,455,540

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,251,610

  Geo Method

  $6,251,610

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $5,221,740

  Mixed-Use / Specialty

  $5,203,120

  Hospitality / Lodging

  $3,817,360

  Office

  $5,172,210

  Institutional / Educational

  $5,409,150

  Residential Income

  $6,328,700

  Multifamily

  $7,590,310

  Automotive / Energy

  $4,636,410

  Parking / Income-Based Land

  $1,599,970

  Restaurant / Food Service

  $2,706,180

  Healthcare / Senior Housing

  $5,335,700

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7405

Longitude

-73.9934

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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