Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    162 9Th Ave, Unit B New York City, NY 10011

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $699,000

    Private entrance, renovated kitchen, and in-unit laundry in vibrant Chelsea.

    Lot size:
    0.13 Acres

    Property Features for 162 9Th Ave

    General Information

    Lot size
    0.13 Acres

    Building Details

    Year built
    1920

    We can help!

    Listing Contact
    POWERED BY DMT LLC
    Source: Kw

    Listing Agent: POWERED BY DMT LLC

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

    Learn more

    Property Insight Report

    Overview

    Charming Chelsea Garden Apartment

    This garden apartment offers charm, comfort, and privacy on a sought-after block in Chelsea. A private entrance on 20th Street provides a sense of individuality. The renovated kitchen enhances the cooking experience, while the spacious living room features exposed brick walls and a decorative fireplace, suitable for relaxation and gatherings. The bedroom includes a walk-in closet and a windowed en-suite bathroom with natural light. An in-unit washer and dryer add convenience. Located within a friendly co-op community, this home combines townhouse living with access to Chelsea's culture, dining, and energy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jason Kruk, Ph.D., ... Psychologist Assiduity Arts Video Production Service

    Suggested Use

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

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York City
    County
    New York
    State
    New York
    Longitude
    -74.002608
    Latitude
    40.7444229

    Nearby Similar for Sale

    • $6,150,000

      Waldorf Astoria Corner Residence

      Luxury two-bedroom residence with Chrysler Building views and premium amenities.
      303 Park Ave, New York City, NY 10022
      View Details
    • $3,495,000

      Fort Greene Duplex with Rooftop

      Three-bed, three-bath duplex with private rooftop garden in Fort Greene.
      144 Vanderbilt Ave, New York City, NY 11205
      View Details
    • $14,000,000
      4,103 SF

      Broadway Penthouse with River Views

      Luxury penthouse with terraces and panoramic Hudson River views.
      2505 Broadway, New York City, NY 10025
      View Details
    • $2,995,000

      Luxurious Two-Bedroom Residence

      Exceptional natural light and luxurious finishes in Financial District.
      1 Wall Street Ct, New York City, NY 10005
      View Details
    • $850,000

      Kensington Manor Condominium Residences

      Residential development with studios, one, two, and three-bedroom homes.
      428 E 9Th St, New York City, NY 11218
      View Details
    • $1,729,000

      Luxury Greenwood Heights Condominium

      Boutique condominium with luxury finishes and functional layouts.
      193 22Nd St, New York City, NY 11232
      View Details
    • $1,800,000

      Luxury Dumbo Residence with Views

      Reimagined one-bedroom condo in historic Dumbo with Manhattan views.
      30 Front St, New York City, NY 11201
      View Details
    • $1,250,000

      Pre-war Style One Bedroom Home

      One bedroom home with custom details in Upper West Side.
      393 W End Ave, New York City, NY 10024
      View Details
    • $2,650,000
      1,912 SF

      Spacious Harlem Condo with Private Deck

      Luxurious 4-bedroom condo with private roof deck in Central Harlem.
      23 W 116Th St, New York City, NY 10026
      View Details
    • $4,345,000

      Brooklyn Heights Waterfront Luxury Residence

      Luxury three-bedroom residence with iconic Manhattan skyline views.
      50 Brg Park Dr, New York City, NY 11201
      View Details
    • $4,700,000

      Stately Home on Coveted Block

      Spacious, elegant home built in 2005 on a 40x100 lot.
      850 E 23Rd St, New York City, NY 11210
      View Details
    • $2,325,000

      Chelsea Mercantile Loft

      Designer-curated loft in Chelsea Mercantile with modern sophistication.
      252 7Th Ave, New York City, NY 10001
      View Details

    FAQs

    What type of property is this?
    Apartment building - Private entrance, renovated kitchen, and in-unit laundry in vibrant Chelsea.
    Where is this apartment building located?
    The property is located at 162 9Th Ave, Unit B New York City, NY.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Private Entrance on a Picturesque Chelsea Block; - Renovated Kitchen; - Spacious Living Room with Exposed Brick and Decorative Fireplace
    Request Owner's contact information
    162 9Th Ave, Unit B New York City, NY 10011
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    162 9Th Ave, Unit B
    New York City, NY 10011
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    162 9Th Ave, Unit B New York City, NY 10011
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    POWERED BY DMT LLC
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.