53 Wooster StNew York, NY 10013

Property Details for 53 Wooster St

Year built

1899

Lot size

0.03 AC

Property size (Sq ft)

3,096 SF

Zone code

M15R7X

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

00475-0017

APU

4750017

Description

This exceptional four-level, 3,900 square foot townhouse presents a rare opportunity in New York County. Originally built in 1899, the building boasts a captivating cast-iron storefront and beautiful hardwood floors, creating a unique and inviting atmosphere. The main retail space features three large windows and five French doors, ensuring abundant natural light. A significant advantage is the inclusion of a 1,200 square foot basement, ideal for storage, additional retail space, or back-of-house operations. The flexible layout is suitable for a variety of uses, including traditional office, executive office, creative office, showroom, or fashion retail, accommodating multiple tenants. Past successful pop-up shops demonstrate the location's high foot traffic and desirability. Tenant improvement (TI) allowances are available to customize the space to meet specific business needs. The entire 3,900 square feet is available as one contiguous space. This property offers a compelling blend of historic character and modern adaptability, making it an exceptional investment opportunity in a highly sought-after location. All offers will be considered.

• CAP approach

  CAP return

  Valuation

  6%

  $511,861

  6.5%

  $472,487

  7%

  $438,738

• Comparable approach

  Method

  Valuation

  Relative Method

  $404,523

  Geo Method

  $404,523

• Alternative Use

  Use

  Valuation

  Residential

  $585,884

  Hospitality

  $536,667

  Educational

  $446,501

  Medical

  $461,856

  Retail

  $694,556

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7229

Longitude

-74.0025

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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