Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7 W 20Th St, Unit New York Manhattan, NY 10011

    Sponsored
    For Lease
    $4,000 /Mo ($5 SF/Yr)

    Other - New York (Manhattan), NY

    Property size:
    9,225 SF
    Lot size:
    0.05 Acres
    Days on Market:
    103
    Last Refresh:
    Feb 11 at 8:06 pm

    Property Features for 7 W 20Th St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    0822-0029
    Basement Y/N
    1
    Appliances
    Microwave
    Size
    9,225 SF
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Electric (Heating), Heat Pump (Heating), Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Building materials
    Block
    Architectural style
    Other

    We can help!

    Listing Contact
    Salvatore C Settepani
    Salvatore C Settepani

    eXp Realty (888) 276-0630

    Listing agent Salvatore C. Settepani (888) 276-0630 License #10301221098

    Listing date Nov 1, 2025

    MLS# 929899 Listing URL

    Copyright © 2025 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.

    Learn more

    Property Insight Report

    Overview

    Versatile Loft in Prime Location

    This 900 sq. ft. commercial loft is located in a prime New York City location and is suitable for a variety of uses. Currently configured for a private gym, yoga, Pilates studio, or similar wellness business, the open-concept space can be adapted into a modern office or creative workspace. The loft includes a full bathroom with a shower, forced air conditioning, and steam heat. A small wet bar/kitchen area provides added convenience. The space features a flexible layout, high ceilings, and a bright atmosphere.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sullivan PC Law Firm Further U. Gym & Fitness Center Kidokinetics Lower Manhattan Gym & Fitness Center Waterworks - Flatiron Showroom Kitchen & Bath Showroom Holtz House Condominium Condominium Complex

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan
    County
    New York
    State
    New York
    Longitude
    -73.9917803
    Latitude
    40.7401376

    Nearby Similar for Lease

    • $22,000

      Renovated Yorkville Retail Space

      Turnkey retail space in a prime Upper East Side location.
      1779 Unit Ground Fl New York, Manhattan, NY 10128
      View Details
    • $4,500 /Mo
      882 SF

      Dental Office in Chinatown

      882 sq ft dental office with equipment in Manhattan.
      2 Mott St, Manhattan, NY 10013
      View Details
    • $4,000 /Mo

      Prime NoMad Office Space

      Modern office space in vibrant NoMad, Manhattan.
      57 New York Plz, Manhattan, NY 10001
      View Details
    • $10,000 /Mo
      10,228 SF

      Turnkey Medical Office on Broadway

      Fully built-out medical office space in prime location for lease.
      5037 New York Plz, Manhattan, NY 10034
      View Details
    • $13,000 /Mo

      Turnkey Medical Office on Broadway

      Fully built-out medical office space for lease in prime location.
      5037 Broadway New York, Manhattan, NY 10034
      View Details
    • $3,495 /Mo

      Renovated Commercial Space with Backyard

      Prime location, customizable layout, ideal for retail or office.
      344 New York Plz, Manhattan, NY 10029
      View Details
    • $50 SF/Yr
      7,531 SF

      Versatile Corner Commercial Space

      1,000 sq ft commercial space in East Harlem.
      279 Pleasant Ave, Manhattan, NY 10029
      View Details
    • New
      $4,000 /Mo

      New York Office Space Available

      Office space for rent in New York (Manhattan), NY.
      23 New York Plz, Manhattan, NY 10023
      View Details
    • $3,500 /Mo
      7,749 SF

      Chatham Square Office Space

      Office suites available for lease in Chinatown, Manhattan.
      7 New York Plz, Manhattan, NY 10038
      View Details
    • $3,000 /Mo
      600 SF

      Chinatown Office Space Available

      Office suites for rent in Chinatown, Manhattan.
      7 Chatham Sq, Manhattan, NY 10038
      View Details
    • New
      $800 /Mo

      Upper West Side Office Space

      First-floor office space in Park Royal Cooperative, Upper West Side.
      23 W 73Rd St, Manhattan, NY 10023
      View Details
    • $50 SF/Yr
      7,531 SF

      East Harlem Storefront Opportunity

      450 sq ft commercial space in a high-traffic location.
      279 Pleasant Ave, Manhattan, NY 10029
      View Details

    FAQs

    What type of property is this?
    Office space - Adaptable 900 sq. ft. commercial loft in NYC.
    Where is this office space located?
    The property is located at 7 W 20Th St, Unit New York Manhattan, NY.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: - Prime NYC location ideal for attracting clients and employees.; - Versatile 900 sq. ft. open-concept space adaptable for various business types.; - Full bathroom with shower provides convenience for staff and clients.
    (917) 559-9158
    Request Owner's contact information
    7 W 20Th St, Unit New York Manhattan, NY 10011
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7 W 20Th St, Unit New York
    Manhattan, NY 10011
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7 W 20Th St, Unit New York Manhattan, NY 10011
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Salvatore C Settepani
    Salvatore C Settepani
    (917) 559-9158
    Learn more
    Google sign-in failed. Please try again or use another login method.