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    Tribeca Corner Retail Condos Title is generated by Realmo AI

    111 Murray St, New York, NY 10007

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    2,200 SF retail condos in Tribeca, 100% occupied.

    Type:Retail
    Property size:
    2,200 SF
    Price / SF:
    $1,575/SF
    Added:
    Mar 4, 2026
    Days on Market:
    116
    Last Refresh:
    Mar 16 at 2:29 pm

    Property Features for 111 Murray St

    General Information

    Standard status
    Active
    Size
    2,200 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2019

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    Josh Goldflam
    Josh Goldflam

    Listing office Highcap Group

    Listing date Mar 4, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Highcap Group

    HighLights

    • Prime Tribeca Location
    • Corner Retail Condos
    • 2,200 SF
    • 100% Occupied
    • Two Tenants
    • 5.75% CAP Rate

    Overview

    This commercial real estate offering features 2,200 square feet of retail space in Tribeca. The property consists of retail condos situated on a corner location. It is currently 100% occupied with two tenants. The property is located on a public plaza.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $518.5k $235.68
    − Vacancy −$76.2k −$34.64
    EGI $442.3k $201.04
    − OpEx −$132.7k −$60.31
    NOI $309.6k $140.72
    2,200 SF · lease $235.68/SF/yr · vacancy 14.70% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $4.42M
    $3.87M – $5.16M (±1% cap)
    NOI $309,594 @ 7.0% cap · market cap 8.93%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $5.48M
    $4.79M – $6.39M (±1% cap)
    NOI $383,328 @ 7.0% cap · market cap 11.06%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    111 Murray Sales ... Condominium Complex Brooklyn Bread Cafe Take-out & Catering POOCHi Dog Walker Vicky Lee Piano Tutoring Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -74.012541
    Latitude
    40.715413

    FAQs

    What type of property is this?
    Retail space - 2,200 SF retail condos in Tribeca, 100% occupied.
    Where is this retail space located?
    The property is located at 111 Murray St New York, NY.
    What is the asking price?
    The asking price for this property is $3,465,000.
    What are key features of this property?
    This property features: Prime Tribeca Location; Corner Retail Condos; 2,200 SF
    (646) 546-5880 Call to check price and availability
    More about this property
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