Elevator Loft Building with Vacant Upper
For Sale
Contact for pricing
16 East 18th Street, New York, NY 10003
10-story elevator building with vacant space above the first floor and M1-5m zoning supporting a range of uses.
Property Size20,258 SF
Days on Market113
Property Features for 16 East 18th Street
General Information
Standard status
Active
Size
20,258 SF
Class
Trophy
Property subtype
Retail, Multifamily, Office, Mixed Use
Zoning
M1-5m
Building Details
Stories
10
Listing Agency:
Marcus & Millichap - NYM Group
Listed By:
Joe Koicim · License #NY 10301208718
Source:
Crexi
Added: Apr 11
Changed: Jul 20
Last Checked: Jul 22 at 12:53PM
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 Marcus & Millichap - NYM Group
Investment Insights
Based on property information with market context.
16 East 18th Street is a 10-story elevator loft building with a ground-floor tenant and vacant space delivered above the first floor. The building is built approximately 24 by 93 feet on a 23 by 94 lot, totaling approximately 20,258 gross square feet. Floors 2 through 10 are demolished, creating a blank template for a new buildout. The property is zoned M1-5m.
The M1-5m zoning allows a variety of uses, including light manufacturing, storage facilities, office, hotel, most retail uses, community facilities, and houses of worship. The M1-5m district is the only manufacturing district in which residences are permitted. The building is located on the south side of 18th Street between 5th Avenue and Broadway.
The ground floor is occupied by Paragaon Sports under a 199-year lease expiring in 2194. Reported rent is $4,643 per month, increasing to $4,782 per month in September 2020 with no further escalations through the remainder of the term.
The M1-5m zoning allows a variety of uses, including light manufacturing, storage facilities, office, hotel, most retail uses, community facilities, and houses of worship. The M1-5m district is the only manufacturing district in which residences are permitted. The building is located on the south side of 18th Street between 5th Avenue and Broadway.
The ground floor is occupied by Paragaon Sports under a 199-year lease expiring in 2194. Reported rent is $4,643 per month, increasing to $4,782 per month in September 2020 with no further escalations through the remainder of the term.
Key Highlights
- 10‑story elevator building at 16 East 18 Street with 20,258 gross SF, delivered vacant above the first floor
- M1‑5m zoning allows light manufacturing, storage, office, hotel, most retail, community facilities, and houses of worship
- Unique zoning: M1‑5m is the only manufacturing district in which residences are permitted
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
51,791
Businesses Nearby
Explore this area
Business Placement
Demographics for 10003, NY
57,076
Population
30,730
Households
1.9
Avg Household Size
32
Median Age
82%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
95,127
Density / Sq Mi
$153,750
Median Household Income
$82,560
Median Earnings
$2,772
Median Rent
$1,137,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 10-story elevator building with vacant space above the first floor and M1-5m zoning supporting a range of uses.
Where is this retail space located?
The property is located at 16 East 18th Street New York, NY.
What are key features of this property?
This property features: 10‑story elevator building at 16 East 18 Street with 20,258 gross SF, delivered vacant above the first floor; M1‑5m zoning allows light manufacturing, storage, office, hotel, most retail, community facilities, and houses of worship; Unique zoning: M1‑5m is the only manufacturing district in which residences are permitted
