Vacant Mixed-Use
For Sale
Contact for pricing
200 West 139th Street, New York, NY 10030
Fully vacant mixed-use building of approximately 7,000 square feet, delivered tenant-free for redevelopment planning.
Property Size7,064 SF
Price / SF$368.06
Days on Market139
Property Features for 200 West 139th Street
General Information
Standard status
Active
Size
7,064 SF
Property subtype
Retail, Multifamily, Mixed Use
Zoning
R7-2
Investment Type
Value Add
Building Details
Year Built
1910
Year Renovated
1960
Stories
4
Listing Agency:
CAM Ventures
Listed By:
Brian Zegans · License #10101217334
Source:
Crexi
Added: Apr 22
Changed: Sep 3
Last Checked: Sep 6 at 8:59PM
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 CAM Ventures
Investment Insights
Based on property information with market context.
Offered for sale as a fully vacant mixed-use building, delivered entirely tenant-free to support immediate redevelopment planning. The property is approximately 7,000 square feet and provides a blank-canvas configuration for an owner to reposition the asset without existing tenant or related operational complexities.
The building is located along a landmarked block in historic Strivers’ Row, an architecturally distinguished and tightly held enclave. This setting offers a committed context for renovation or conversion approaches where scale acquisitions are limited.
Full OM is available in the data room for additional details on the building and offering materials.
The building is located along a landmarked block in historic Strivers’ Row, an architecturally distinguished and tightly held enclave. This setting offers a committed context for renovation or conversion approaches where scale acquisitions are limited.
Full OM is available in the data room for additional details on the building and offering materials.
Key Highlights
- Fully vacant mixed‑use building with approximately 7,000 SF, delivered tenant‑free for redevelopment planning
- Year built: 1910
- Blank‑canvas opportunity with residential and commercial upside in a mixed‑use configuration
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$225,165
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,503,300
$4.5M
Cap Rate 7%
$3,216,643
$3.2M
Cap Rate 9%
$2,501,833
$2.5M
Market Conditions
NOI Build-Up for 7,064 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$423.8K $60.00/SF
− Vacancy
−$63.6K −$9.00/SF
EGI
$360.3K $51.00/SF
− OpEx
−$135.1K −$19.13/SF
NOI
$225.2K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,503,300
Cap Rate 7%
$3,216,643
Cap Rate 9%
$2,501,833
Alternative Uses
Best Use
Retail
$14.20M
$12.43M – $16.57M
NOI $994,078 @ 7.0% cap · market cap 38.23%
Second Best
Mixed Use
$3.22M
$2.81M – $3.75M
NOI $225,165 @ 7.0% cap · market cap 8.66%
Theoretical Best
Specialty Retail
$17.58M
$15.39M – $20.51M
NOI $1,230,831 @ 7.0% cap · market cap 47.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,069
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Prime Storage
Shops & Services
2,943 visits/mo
0.3 miles
Extra Space Storage
Shops & Services
2,456 visits/mo
0.3 miles
Demographics for 10030, NY
29,686
Population
14,602
Households
2
Avg Household Size
36
Median Age
35%
College-Educated
78%
High-School Grad
0.3 sq mi
ZIP Area
98,953
Density / Sq Mi
$42,738
Median Household Income
$37,388
Median Earnings
$1,204
Median Rent
$810,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully vacant mixed-use building of approximately 7,000 square feet, delivered tenant-free for redevelopment planning.
Where is this mixed-use property located?
The property is located at 200 West 139th Street New York, NY.
What is the asking price?
The asking price for this property is $2,599,999.
What are key features of this property?
This property features: Fully vacant mixed‑use building with approximately 7,000 SF, delivered tenant‑free for redevelopment planning; Year built: 1910; Blank‑canvas opportunity with residential and commercial upside in a mixed‑use configuration
