Vacant Three-Story Storefront
For Sale
Contact for pricing
155 EIGHTH AVE, New York, NY 10011
Fully vacant commercial property with renovation needs and C1-6A / R7A zoning.
Property Size4,555 SF
Lot Size0.03 Acres
Price / SF$1,975
Days on Market42
Property Features for 155 EIGHTH AVE
General Information
Standard status
Active
Size
4,555 SF
Lot size
0.03 Acres
Property subtype
Retail
Zoning
C1-6A / R7A
Property Condition
Severity
Repairs Needed
Evidence
requires TLC
Building Details
Buildings
1
Stories
3
Construction
brick
Tenancy
Multi
Listing Agency:
Capri Jet Realty Corp
Listed By:
Robert Napolitano · License #NY 31NA0992911
(718) 388-2188
Source:
Crexi
Added: Sep 9
Changed: Oct 20
Last Checked: Oct 19 at 4:27AM
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 Capri Jet Realty Corp
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Investment Insights
Based on property information with market context.
This fully vacant brick storefront property is arranged across three stories and contains 3 units within 4,555 SF. Built on a 19.5 × 75 ft lot, the building requires renovation and offers a flexible configuration for a future owner or occupant. It will be delivered 100% vacant.
Located at 155 EIGHTH AVE in Chelsea, Manhattan, the property benefits from an 8th Avenue setting surrounded by residential, retail, dining, and neighborhood amenities. Public transportation is conveniently accessible, and the site is described as having strong pedestrian activity and accessibility. The property carries C1-6A / R7A zoning.
Located at 155 EIGHTH AVE in Chelsea, Manhattan, the property benefits from an 8th Avenue setting surrounded by residential, retail, dining, and neighborhood amenities. Public transportation is conveniently accessible, and the site is described as having strong pedestrian activity and accessibility. The property carries C1-6A / R7A zoning.
Key Highlights
- Fully vacant three‑story brick commercial building
- 3 units within 4,555 SF
- Built on a 19.5 × 75 ft lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$641,000
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,820,000
$12.8M
Cap Rate 7%
$9,157,143
$9.2M
Cap Rate 9%
$7,122,222
$7.1M
Market Conditions
NOI Build-Up for 4,555 SF
Gross rent
$1.07M $235.68/SF
− Vacancy
−$157.8K −$34.64/SF
EGI
$915.7K $201.04/SF
− OpEx
−$274.7K −$60.31/SF
NOI
$641.0K $140.72/SF
Area
New York, NY
Vacancy
14.70%
Lease Rate
$235.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,820,000
Cap Rate 7%
$9,157,143
Cap Rate 9%
$7,122,222
Alternative Uses
Best Use
Retail
$9.16M
$8.01M – $10.68M
NOI $641,000 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.34M
$9.92M – $13.23M
NOI $793,663 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
28,544
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 10011, NY
53,318
Population
35,049
Households
1.5
Avg Household Size
39
Median Age
79%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
88,863
Density / Sq Mi
$146,571
Median Household Income
$113,503
Median Earnings
$2,868
Median Rent
$1,165,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Fully vacant commercial property with renovation needs and C1-6A / R7A zoning.
Where is this storefront property located?
The property is located at 155 EIGHTH AVE New York, NY.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: Fully vacant three‑story brick commercial building; 3 units within 4,555 SF; Built on a 19.5 × 75 ft lot
