13 7Th StNew York, NY 10003

Property Details for 13 7Th St

Year built

1900

Lot size

0.04 AC

Property size (Sq ft)

7,280 SF

Zone code

R8B

Property type

Retail residential properties

APN

00463-0051

APU

4630051

Description

This exceptional 700-square-foot retail space, located at 13 E 7th St in New York City's vibrant East Village (zip code 10003), presents a unique investment opportunity. Previously occupied as a smoke shop, the property offers a versatile layout suitable for a wide range of retail businesses. The single-tenant occupancy ensures ease of management and control. Situated in a high-traffic area, this location benefits from excellent visibility and pedestrian footfall, making it ideal for attracting customers. The property's address is 13 E 7th St, New York, NY 10003, with precise coordinates at latitude 40.7288567 and longitude -73.9897548. The property is classified as retail, offering a blank canvas for a prospective tenant to customize and establish their business. All uses are considered, providing flexibility for entrepreneurs seeking a prime location in a bustling neighborhood. This is a rare opportunity to acquire a well-positioned retail space in one of Manhattan's most sought-after areas. The property's size and location make it an attractive proposition for both established businesses and new ventures looking to make their mark in the East Village. Don't miss out on this chance to secure a thriving retail presence in a dynamic and densely populated area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,372,230

  6.5%

  $1,266,680

  7%

  $1,176,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $970,229

  Geo Method

  $970,229

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,478,980

  Retail / Commercial

  $1,271,210

  Hospitality / Lodging

  $929,321

  Office

  $1,259,150

  Institutional / Educational

  $1,316,830

  Residential Income

  $1,540,700

  Multifamily

  $1,847,830

  Automotive / Energy

  $1,128,710

  Parking / Income-Based Land

  $389,506

  Restaurant / Food Service

  $658,809

  Healthcare / Senior Housing

  $1,298,950

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7289

Longitude

-73.9897

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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