41 Carmine StNew York, NY 10014

Property Details for 41 Carmine St

Year built

1900

Lot size

0.11 AC

Property size (Sq ft)

18,751 SF

Zone code

R6

Property type

Retail residential properties

APN

00586-0038

APU

5860038

Description

This exceptional commercial property at 41-43 Carmine Street in New York City's coveted West Village offers a unique opportunity for a restaurant or retail business. The ground floor space boasts approximately 1,000 square feet of versatile area, perfect for immediate occupancy. An additional 1,000 square feet of sellable lower level space, featuring a built-out kitchen, provides significant expansion potential. The property benefits from an active liquor license, making it ideal for a restaurant or bar concept. The space is fully vented and "plug and play," minimizing setup time and costs. Its prime location ensures high foot traffic and excellent street presence, capitalizing on the vibrant energy of the Greenwich Village submarket. The property is conveniently located within walking distance of multiple subway lines (A, B, C, D, E, 1 & 2), providing easy access for both employees and customers. The surrounding area is bustling with other restaurants, bars, and various activities, creating a thriving commercial environment. This is a rare opportunity to establish a business in one of Manhattan's most desirable neighborhoods. The tenancy is multiple, offering flexibility for potential tenants. The property is located in New York County, NY, zip code 10014.

• CAP approach

  CAP return

  Valuation

  6%

  $3,844,124

  6.5%

  $3,548,422

  7%

  $3,294,964

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,797,509

  Geo Method

  $3,797,509

• Alternative Use

  Use

  Valuation

  Residential

  $3,548,422

  Hospitality

  $3,250,336

  Educational

  $2,704,242

  Medical

  $2,797,244

  Retail

  $4,206,598

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7302

Longitude

-74.0037

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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