76 Wooster StNew York, NY 10012

Property Details for 76 Wooster St

Year built

1900

Lot size

0.06 AC

Property size (Sq ft)

10,000 SF

Zone code

M15R7X

Property type

Retail residential properties

APN

00486-0008

APU

4860008

Description

This exceptional offering presents two distinct duplex spaces in the vibrant SoHo neighborhood of Manhattan, New York County. The property totals 8,450 square feet, with each duplex offering a minimum of 3,750 square feet of contiguous space. One duplex, situated on Wooster Street, is perfectly suited for retail uses such as pop-up shops, showrooms, or ready-to-wear boutiques. Its design features include an indoor koi pond, sleek white and wood interiors, and sophisticated lighting. This space is ideal for businesses seeking a high-profile location and benefits from tenant improvement allowances. Only full duplex leases will be considered for this space, as the ground and lower levels are designed for seamless integration. The second duplex is a unique penthouse space, perfect for creative businesses, artists, or designers. This expansive area boasts 20-foot ceilings, polished grey floors, spotlights, and white walls, providing a minimalist canvas for customization. The lower level offers a bright and airy atmosphere, while a contemporary mezzanine overlooks it, creating a spacious and open feel. Both duplexes offer an unparalleled opportunity to establish a presence in a highly sought-after location known for its creative energy and upscale clientele. Lease terms are flexible, with a discount available for a one-year prepaid lease including co-publicity. The property is available for lease by owner.

• CAP approach

  CAP return

  Valuation

  6%

  $2,050,090

  6.5%

  $1,892,391

  7%

  $1,757,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,025,230

  Geo Method

  $2,025,230

• Alternative Use

  Use

  Valuation

  Residential

  $1,892,391

  Hospitality

  $1,733,420

  Educational

  $1,442,185

  Medical

  $1,491,784

  Retail

  $2,243,399

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7236

Longitude

-74.0013

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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