Approved-Plan Commercial
For Sale
Contact for pricing
21 Greenwich Ave, New York, NY 10014
Vacant corner site with DOB-approved plans, LPC approval, and access to multiple subway and PATH train lines.
Property Size3,437 SF
Price / SF$2,182
Days on Market170
Property Features for 21 Greenwich Ave
General Information
Standard status
Active
Size
3,437 SF
Property subtype
Multifamily
Building Details
Year Built
1910
Listing Agency:
Buchbinder & Warren
Listed By:
Matthew Olden · License #NY
(917) 991-3470
Source:
Crexi
Added: Apr 30
Changed: Oct 6
Last Checked: Oct 16 at 8:14AM
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 Buchbinder & Warren
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Investment Insights
Based on property information with market context.
This vacant commercial land offering occupies a corner position at 21 Greenwich Avenue, also identified as 128 West 10th Street. Approved Department of Buildings plans and LPC approval are included with delivery. The property has 26.2 feet of frontage along Greenwich Avenue and 65 feet along West 10th Street, with a reported property size of 3437. The site is positioned in Greenwich Village and is served by the A, C, E, B, D, F, and M subway lines, along with PATH service. The property information also identifies 1910 as the year built.
Key Highlights
- Vacant commercial land with approved DOB plans and LPC approval
- 26.2’ of frontage on Greenwich Avenue
- 65’ of frontage on West 10th Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$483,670
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,673,400
$9.7M
Cap Rate 7%
$6,909,571
$6.9M
Cap Rate 9%
$5,374,111
$5.4M
Market Conditions
NOI Build-Up for 3,437 SF
Gross rent
$810.0K $235.68/SF
− Vacancy
−$119.1K −$34.64/SF
EGI
$691.0K $201.04/SF
− OpEx
−$207.3K −$60.31/SF
NOI
$483.7K $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%
$9,673,400
Cap Rate 7%
$6,909,571
Cap Rate 9%
$5,374,111
Alternative Uses
Best Use
Retail
$6.91M
$6.05M – $8.06M
NOI $483,670 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.56M
$7.49M – $9.98M
NOI $598,863 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
34,531
Businesses Nearby
Explore this area
Business Placement
Demographics for 10014, NY
32,590
Population
21,835
Households
1.5
Avg Household Size
37
Median Age
85%
College-Educated
99%
High-School Grad
0.5 sq mi
ZIP Area
65,180
Density / Sq Mi
$167,254
Median Household Income
$115,048
Median Earnings
$2,998
Median Rent
$1,294,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial land - Vacant corner site with DOB-approved plans, LPC approval, and access to multiple subway and PATH train lines.
Where is this commercial land located?
The property is located at 21 Greenwich Ave New York, NY.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Vacant commercial land with approved DOB plans and LPC approval; 26.2’ of frontage on Greenwich Avenue; 65’ of frontage on West 10th Street
