45-47 8Th StNew York, NY 10003

Property Details for 45-47 8Th St

Year built

1920

Lot size

0.10 AC

Property size (Sq ft)

17,000 SF

Zone code

C4-5

Property type

Retail residential properties

APN

00572-0066

APU

5720066

Description

This exceptional retail opportunity presents 5,802 square feet of vacant space at 45-47 East 8th Street in New York City's vibrant East Village. The property, classified as a strip center, offers multiple tenancy options, making it ideal for a variety of retail concepts. The space is currently entirely vacant and available for lease. Flexible layouts allow for customization, with minimum divisible space starting at 1,970 square feet and maximum contiguous space reaching 3,832 square feet. This presents a unique chance to establish a flagship location or expand an existing business in a high-traffic area of Manhattan. The building's location in New York County, with a 10003 zip code, ensures excellent visibility and accessibility for customers. The property's address is 45-47 East 8th Street, New York, NY. Its precise coordinates are latitude 40.7312983 and longitude -73.9940598. This is a rare chance to secure a substantial retail presence in one of Manhattan's most desirable neighborhoods. The property's size and flexibility cater to a wide range of business needs, from single-tenant occupancy to multi-tenant configurations. Don't miss this opportunity to establish your business in this thriving commercial district. Contact us today to learn more about leasing this exceptional retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $3,485,154

  6.5%

  $3,217,065

  7%

  $2,987,274

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,442,891

  Geo Method

  $3,442,891

• Alternative Use

  Use

  Valuation

  Residential

  $3,217,065

  Hospitality

  $2,946,814

  Educational

  $2,451,715

  Medical

  $2,536,033

  Retail

  $3,813,778

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7334

Longitude

-73.9984

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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