211 7Th AveNew York, NY 10011

Property Details for 211 7Th Ave

Year built

1901

Lot size

0.02 AC

Property size (Sq ft)

2,764 SF

Zone code

R8A

Property type

Investment properties

Property subtype

Live-work space

APN

00798-0002

APU

7980002

Description

This exceptional retail opportunity in the vibrant Chelsea neighborhood of Manhattan presents 1,550 square feet of completely vacant space, ideal for a single tenant or divisible into two units. Located at 211 7th Avenue, New York, NY 10011, this property offers unparalleled visibility and accessibility within a bustling commercial district of New York County. The space is currently available for lease in its entirety, providing a blank canvas for a creative and impactful retail presence. However, the property is also easily divisible, with a minimum leasable area of 700 square feet and a maximum contiguous space of 850 square feet, catering to a range of business needs and sizes. This flexibility makes it an attractive option for both established businesses seeking expansion and emerging entrepreneurs looking for a prime location to launch their ventures. The property's classification is Retail Commercial with multiple tenancy options. Its strategic location in New York City ensures high foot traffic and excellent exposure to a diverse customer base. This is a rare opportunity to secure a prominent retail space in one of Manhattan's most sought-after neighborhoods. Don't miss out on this chance to establish your business in a thriving and dynamic environment.

• CAP approach

  CAP return

  Valuation

  6%

  $456,972

  6.5%

  $421,820

  7%

  $391,690

• Comparable approach

  Method

  Valuation

  Relative Method

  $361,144

  Geo Method

  $361,144

• Alternative Use

  Use

  Valuation

  Residential

  $523,057

  Hospitality

  $479,117

  Educational

  $398,620

  Medical

  $412,329

  Retail

  $620,076

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7434

Longitude

-73.9958

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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