Three-Story Brick Storefront
New
For Sale
$9,000,000
155 8th Avenue New York, Manhattan, NY 10011
Commercial Sale, New York (Manhattan), NY
Property Size4,555 SF
Lot Size0.03 Acres
Price / SF$1,975
Days on Market2
Property Features for 155 8th Avenue New York
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C1-6A
Rooms
Basement
Basement
Full
Directions
Use Google Maps
Standard status
Active
APN
0741-0036
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
103343
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1910
Floors in Building
3
Number of units
3
Building materials
Brick
Listing Agency:
Capri Jet Realty Corp
(718) 388-2188
Listed By:
Agata Landa · License #10401298444
(914) 255-7284
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 10 at 8:06AM
MLS# 1048674
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-story brick commercial building contains three units and measures 4,555 square feet on a 19.5 by 75-foot lot. The property is fully vacant and includes basement space, creating a flexible starting point for renovation or reconfiguration. Built in 1910, the building has natural gas heating and requires TLC.
The property is located at 155 8th Avenue in Manhattan’s Chelsea area. Its setting includes surrounding residential, retail, dining, and neighborhood amenities, with access to public transportation. Public water and public sewer serve the property, and water is available. The building is suited to a purchaser seeking a vacant storefront-oriented commercial asset with existing brick construction and multiple units.
The property is located at 155 8th Avenue in Manhattan’s Chelsea area. Its setting includes surrounding residential, retail, dining, and neighborhood amenities, with access to public transportation. Public water and public sewer serve the property, and water is available. The building is suited to a purchaser seeking a vacant storefront-oriented commercial asset with existing brick construction and multiple units.
Key Highlights
- 4,555 SF three‑story commercial building on a 19.5 by 75‑foot lot
- Three units delivered fully vacant
- Brick construction with 1910 year built
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$641,000
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,820,000
$12.8M
Cap Rate 7%
$9,157,143
$9.2M
Cap Rate 9%
$7,122,222
$7.1M
Market Conditions
NOI Build-Up for 4,555 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.07M $235.68/SF
− Vacancy
−$157.8K −$34.64/SF
EGI
$915.7K $201.04/SF
− OpEx
−$274.7K −$60.31/SF
NOI
$641.0K $140.72/SF
Area
New York, NY
Vacancy
14.70%
Lease Rate
$235.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,820,000
Cap Rate 7%
$9,157,143
Cap Rate 9%
$7,122,222
Alternative Uses
Best Use
Retail
$9.16M
$8.01M – $10.68M
NOI $641,000 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.34M
$9.92M – $13.23M
NOI $793,663 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
28,544
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 10011, NY
53,318
Population
35,049
Households
1.5
Avg Household Size
39
Median Age
79%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
88,863
Density / Sq Mi
$146,571
Median Household Income
$113,503
Median Earnings
$2,868
Median Rent
$1,165,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Vacant commercial building with three units, basement space, and public water and sewer service.
Where is this storefront property located?
The property is located at 155 8th Avenue New York Manhattan, NY.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: 4,555 SF three‑story commercial building on a 19.5 by 75‑foot lot; Three units delivered fully vacant; Brick construction with 1910 year built
