East Village Development
For Sale
$3,595,000
121 E 7th Street, New York City, NY 10009
Prime property with approved plans for multifamily development.
Property Size7,492 SF
Lot Size0.05 Acres
Price / SF$359.50
Days on Market278
Property Features for 121 E 7th Street
General Information
Standard status
Active
Size
7,492 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Building Details
Building Size
7,492 SF
Year Built
1900
Listing Agency:
Compass
(718) 640-8344
Listed By:
Ante Jakic
(718) 640-8344
Source:
Serhant
Added: Nov 19, 2025
Changed: Aug 23
Last Checked: Aug 22 at 12:14PM
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 Compass
Investment Insights
Based on property information with market context.
Located in the East Village, this property offers an investment opportunity in a vibrant New York City neighborhood. The site, measuring 22 feet wide by 87 feet deep, is suitable for a single-family conversion or an 8-10 unit condo or rental conversion. Approved plans for a multifamily building with 8 units are included. The property is situated near Astor Place, NYU, and the new Wegmans. The existing structure is a church. The property can be converted for various uses, including a single-family home, a private members club, an art gallery, or a consulate. The total zoning lot measures 22'-0" x 97'-6", equaling 2,145.00 square feet, within an R8B zone. The proposed floor area is approximately 10,000 square feet. The occupancy class is R-2, and the construction class is II-B. The job description includes a proposed 1.5-story enlargement with a cellar mix-use building.
Key Highlights
- Approved plans for an 8‑unit multi‑family building included.
- Prime East Village location with close access to Astor Place, NYU, and Wegmans.
- Significant development potential: suitable for single‑family conversion, 8‑10 unit condo/rental conversion, or other uses.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
19,159
Businesses Nearby
Explore this area
Business Placement
Demographics for 10009, NY
61,716
Population
32,375
Households
1.9
Avg Household Size
36
Median Age
63%
College-Educated
87%
High-School Grad
0.6 sq mi
ZIP Area
102,860
Density / Sq Mi
$87,963
Median Household Income
$84,069
Median Earnings
$1,925
Median Rent
$690,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Prime property with approved plans for multifamily development.
Where is this commercial land located?
The property is located at 121 E 7th Street New York City, NY.
What is the asking price?
The asking price for this property is $3,595,000.
What are key features of this property?
This property features: Approved plans for an 8‑unit multi‑family building included.; Prime East Village location with close access to Astor Place, NYU, and Wegmans.; Significant development potential: suitable for single‑family conversion, 8‑10 unit condo/rental conversion, or other uses.
