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    411 Lafayette St New York, NY 10003

    For Sale
    Contact for pricing

    Located in NoHo, near amenities, transit, and New York University.

    Property size:
    97,020 SF
    Lot size:
    0.35 Acres

    Property Features for 411 Lafayette St

    General Information

    Size
    97,020 SF
    Lot size
    0.35 Acres

    Source: BKREA Agent Bob Knakal

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

    Overview

    Prime NoHo District Location

    This property at 411 Lafayette is situated in the prime NoHo district, centrally located near top amenities, convenient transit options, and New York University. The location offers advantageous accessibility, with a 6-minute walk to Washington Square Park, a 3-minute walk to the MTA’s 8-NYU stop (R&W) trains, and a 2-minute walk from MTA’s Astor Place stop (6). The leasehold is with Himmel + Meringoff, a leading real estate office operator in New York City, with New York University as the largest subtenant in the building. The ground lease with Himmel + Meringoff provides downside protection against high vacancy via a base rent structure, as outlined in the ground lease. The property provides cash flow regardless of market conditions. The fee position allows new owners to capture rental upside through a performance rent structure when the asset performs well. The property size is 97020 square feet.
    Location Intelligence

    Current Use by Public Records

    Dienst + Dotter Antikviteter Art Gallery MacGuffin Films Video Production Service Rec Room NYC Video Production Service Agdel Hernandez-Colon, MD Psychiatrist NYU Writing Center University

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    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
    -73.9924374
    Latitude
    40.7284274

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    FAQs

    What type of property is this?
    Office building - Located in NoHo, near amenities, transit, and New York University.
    Where is this office building located?
    The property is located at 411 Lafayette St New York, NY.
    What are key features of this property?
    This property features: - Coveted NoHo location, near top amenities, great transit, and New York University.; - Cashflow opportunity regardless of market conditions, with potential rental upside.; - Vacancy downside protection via base rent structure with Himmel + Meringoff.
    (917) 509-9501
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    411 Lafayette St New York, NY 10003
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    Realmo Value Estimation

    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.

    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.

    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
    411 Lafayette St New York, NY 10003
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