120 Prince StNew York, NY 10012

Property Details for 120 Prince St

Year built

1900

Lot size

0.04 AC

Property size (Sq ft)

3,460 SF

Zone code

M15R7X

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

00500-0016

APU

5000016

Description

This exceptional retail opportunity presents a 500-square-foot ground floor space at 120 Prince Street in the heart of New York City's vibrant Soho neighborhood. Located in a high-profile, heavily trafficked area, this property offers unparalleled visibility and foot traffic. The building, constructed in 1900, boasts a charming two-story structure, with the listed space encompassing the ground floor. In addition to the 500 square feet on the ground floor, there is an additional 400 square feet available on the lower level. The asking price is $40,000, translating to a price per square foot of $960. The property is currently sublet, with arranged possession available after May 26, 2027. This presents a rare chance to acquire a small, showcase store in one of Manhattan's most desirable retail locations. The property is situated in New York County, New York, with the full address being 120 Prince Street, New York, NY 10012. This is a unique investment opportunity for a discerning buyer seeking a prime retail location in the sought-after Soho district. The property is categorized as retail and consists of five units in total.

• CAP approach

  CAP return

  Valuation

  6%

  $572,041

  6.5%

  $528,038

  7%

  $490,321

• Comparable approach

  Method

  Valuation

  Relative Method

  $452,084

  Geo Method

  $452,084

• Alternative Use

  Use

  Valuation

  Residential

  $654,767

  Hospitality

  $599,763

  Educational

  $498,996

  Medical

  $516,157

  Retail

  $776,216

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7252

Longitude

-73.9999

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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