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    Turn-of-the-Century Mixed-Use Building Title is generated by Realmo AI

    205 West Houston Street, New York, NY 10014

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    For Sale
    $4,500,000

    Commercial Building, Low-rise - New York, NY

    Property size:
    6,250 SF
    Price / SF:
    $720/SF
    Added:
    Nov 9, 2025
    Days on Market:
    208
    Last Refresh:
    Jun 5 at 5:06 pm

    Property Features for 205 West Houston Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Nick Gavin

    Listing agent Nick Gavin

    Listing office Compass 90 Fifth Avenue, 3rd Floor, New York, NY

    Listing date Nov 9, 2025

    MLS# 11604069 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 25‑foot‑wide Class K building with three commercial spaces: first‑floor retail plus office space on the 2nd and 3rd floors
    • Near 12‑ft ceiling retail level on the first floor; second- and third‑floor offices with ceilings around 11 ft
    • Total area includes 4,875 SF above grade and an additional 1,375 SF below grade (finished basement)
    • Second and third floors are currently configured as open floor plan offices
    • Finished basement with separated rooms plus a powder room, with added annex/storage space
    • Parking includes a garage

    Overview

    205 West Houston is a turn-of-the-century Class K commercial building measuring 25 feet wide, offering three generously sized spaces plus additional lower-level and roof area. The first-floor retail level features ceilings nearing 12 feet and ornate interior details, including patterned tin ceilings and wood banisters. The second and third floors are each currently configured as open floor plan offices, with ceilings around 11 feet and features such as tin ceilings and crown moldings. A finished basement includes separated rooms and a powder room, and the roof area is unfinished and included in the offering.

    The property is located on West Houston between a row of brownstones and Film Forum. It sits in a high-activity area near the intersection of SoHo, the West Village, and Greenwich Village, with large north-facing windows overlooking West Houston and views of passersby headed toward the West Village and the 1 train on the corner.

    This setup can support a single tenant across multiple floors, with the option to operate as separate uses given the existing floor-by-floor layouts. The combination of retail-ready space on the first floor, flexible open office configurations on the upper levels, and supplemental basement rooms makes the building well-suited for owner-occupants and adaptive reuse-minded buyers who want to incorporate their own design direction for the roof and interior finishes.
    Property Profile Location Intelligence

    Current Use by Public Records

    United Security Systems Security Service Network Home Solutions Financial Advisor D & W Central ... Security Service Hitachi PTAC Service ... Hardware & Home Improvement Familia Pizza Cafe & Coffee Shop

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

    Similar Places Nearby

    • Цветы оптом — 27 6th Ave, New York, NY 10013
    • Birthday Flowers Manhattan — 108 Hudson St, New York, NY 10013
    • Blue Water Flowers — 99 Hudson St 5th Fl, New York, NY 10013
    • DAMI FLOWER STUDIO — 34 Leonard St, New York, NY 10013
    • Darling Moon Flower — 112 Hudson St, New York, NY 10013

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -74.004191
    Latitude
    40.72832

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    FAQs

    What type of property is this?
    Storefront property - Three-level Class K building with retail on the first floor and open-plan offices above, plus a finished basement.
    Where is this storefront property located?
    The property is located at 205 West Houston Street New York, NY.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: 25‑foot‑wide Class K building with three commercial spaces: first‑floor retail plus office space on the 2nd and 3rd floors; Near 12‑ft ceiling retail level on the first floor; second- and third‑floor offices with ceilings around 11 ft; Total area includes 4,875 SF above grade and an additional 1,375 SF below grade (finished basement)
    (212) 913-9061
    We can help!
    Listing Contact
    Nick Gavin
    Request Owner's contact information
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    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.

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