Three-Story Mixed-Use
For Sale
Contact for pricing
271 Bleecker Street, New York City, NY 10014
Fully occupied property combines a ground-floor retail unit with a free market residential duplex.
Property Size2,294 SF
Price / SF$2,397
Days on Market54
Property Features for 271 Bleecker Street
General Information
Standard status
Active
Size
2,294 SF
Property subtype
Mixed Use
Occupancy
100%
Net Operating Income
$261,782
Additional Details
Gross Income
$321,085
Multifamily Units
1
Building Details
Year Built
1836
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Meridian Capital Group
Listed By:
David Schechtman · License #10301211874
(212) 468-5907
Source:
Crexi
Added: Sep 5
Changed: Oct 25
Last Checked: Oct 28 at 5:47AM
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 Meridian Capital Group
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Investment Insights
Based on property information with market context.
271 Bleecker Street is a three-story mixed-use building totaling 2,294 square feet in New York City's West Village. The property includes a ground-floor retail unit and a free market residential duplex, providing two distinct components within a single asset. It was built in 1836 and is fully occupied.
The property carries a Tax Class 1 designation, which caps annual tax increases at 6%. In addition to the existing improvements, the building has 1,146 square feet of unused air rights. Its West Village location places the asset within Manhattan, with retail and residential uses already established on the property.
The property carries a Tax Class 1 designation, which caps annual tax increases at 6%. In addition to the existing improvements, the building has 1,146 square feet of unused air rights. Its West Village location places the asset within Manhattan, with retail and residential uses already established on the property.
Key Highlights
- 2,294‑square‑foot, three‑story mixed‑use building
- Ground‑floor retail unit plus one free market residential duplex
- Fully occupied asset built in 1836
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$322,822
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,456,440
$6.5M
Cap Rate 7%
$4,611,743
$4.6M
Cap Rate 9%
$3,586,911
$3.6M
Market Conditions
NOI Build-Up for 2,294 SF
Gross rent
$540.6K $235.68/SF
− Vacancy
−$79.5K −$34.64/SF
EGI
$461.2K $201.04/SF
− OpEx
−$138.4K −$60.31/SF
NOI
$322.8K $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%
$6,456,440
Cap Rate 7%
$4,611,743
Cap Rate 9%
$3,586,911
Alternative Uses
Best Use
Retail
$4.61M
$4.04M – $5.38M
NOI $322,822 @ 7.0% cap · market cap 5.87%
Second Best
Mixed Use
$1.04M
$914.0K – $1.22M
NOI $73,121 @ 7.0% cap · market cap 1.33%
Theoretical Best
Specialty Retail
$5.71M
$5.00M – $6.66M
NOI $399,707 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
1
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,989
Businesses Nearby
402k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 44%
Dining 31%
Shops & Services 14%
Apparel 4%
Food Bazaar Supermarket
Groceries
76,560 visits/mo
0.5 miles
Food Bazaar Supermarket
Groceries
51,452 visits/mo
0.4 miles
Burger King
Dining
36,411 visits/mo
0.1 miles
White Castle
Dining
24,528 visits/mo
0.3 miles
Dunkin' Donuts
Dining
23,384 visits/mo
0.4 miles
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?
Mixed-use property - Fully occupied property combines a ground-floor retail unit with a free market residential duplex.
Where is this mixed-use property located?
The property is located at 271 Bleecker Street New York City, NY.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 2,294‑square‑foot, three‑story mixed‑use building; Ground‑floor retail unit plus one free market residential duplex; Fully occupied asset built in 1836
