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    87 Greenwich St New York, NY 10006

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    For Sale
    $13,250,000

    Three-story retail/office building with outdoor seating in downtown New York.

    Property size:
    5,332 SF
    Lot size:
    0.03 Acres

    Property Features for 87 Greenwich St

    General Information

    Size
    5,332 SF
    Lot size
    0.03 Acres

    Source: Helmsley Spear Agent Richard Rosenthal

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

    Overview

    Downtown Retail/Office Building For Sale

    This three-story retail/office building offers 5,332 square feet of space in downtown New York. Located on the southeast corner of Greenwich and Rector Streets, the property is suitable for restaurant users and retailers. The building includes a full basement, the entire ground floor, the entire second floor, and the entire third floor. An outdoor area provides seating for up to 26 people. The location offers convenient access to the 1, 2, 3, 4, 5, R, and W subway lines, as well as major bus stops.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

    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
    -74.013509
    Latitude
    40.7078302

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    FAQs

    What type of property is this?
    Retail space - Three-story retail/office building with outdoor seating in downtown New York.
    Where is this retail space located?
    The property is located at 87 Greenwich St New York, NY.
    What is the asking price?
    The asking price for this property is $13,250,000.
    What are key features of this property?
    This property features: - Prime downtown Manhattan location at the corner of Greenwich and Rector Streets; - **5,332 square foot retail/office building suitable for restaurant users and retailers**; - Includes a full basement, ground floor, second floor, and third floor
    (917) 693-0831
    Request Owner's contact information
    87 Greenwich St New York, NY 10006
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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
    87 Greenwich St New York, NY 10006
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