Seven-Story Office Building with
47 Division Street Manhattan, NY 10002
For Sale
$14,000,000
Seven-story building on a 50' x 68' lot, equipped with an elevator and zoned C6-1G.
Property Size22,677 SF
Price / SF$617.37
Days on Market1599
Property Features for 47 Division Street
General Information
- Standard status
- Active
- Size
- 22,677 SF
- Property subtype
- Other
Building Details
- Year Built
- 1920
Listing Agency:
Compass
(908) 227-6877
Listed By:
Daniel Chun · License #10301210331
(908) 227-6877
Source:
Compass
Added: Mar 8, 2022
Changed: Jul 23
Last Checked: Jul 23 at 3:47PM
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 Compass
Investment Insights
Based on property information with market context.
This seven-story office building with an elevator is offered for sale at 47 Division Street in Manhattan. The property sits on a 50' x 68' lot and includes a total building area of 22,677 square feet.
The site is described as located between Market St and Catherine St. The property is designated under C6-1G zoning and is assessed with annual taxes of $144,487.
The site is described as located between Market St and Catherine St. The property is designated under C6-1G zoning and is assessed with annual taxes of $144,487.
Key Highlights
- 7‑story building with an elevator on a 50' x 68' lot
- Total building size: 22,677 SF
- Zoned C6‑1G
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.17M | $51.48 |
| − Vacancy | −$198.5k | −$8.75 |
| EGI | $969.0k | $42.73 |
| − OpEx | −$242.2k | −$10.68 |
| NOI | $726.7k | $32.05 |
22,677 SF · lease $51.48/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$45.98M
$40.24M – $53.65M
NOI $3,218,833 @ 7.0% cap · market cap 22.99%
Second Best
Office B
$10.38M
$9.08M – $12.11M
NOI $726,714 @ 7.0% cap · market cap 5.19%
Theoretical Best
Specialty Retail
$56.45M
$49.39M – $65.85M
NOI $3,951,240 @ 7.0% cap · market cap 28.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
47 Division St ...
Take-out & Catering
FAQs
What type of property is this?
Office building - Seven-story building on a 50' x 68' lot, equipped with an elevator and zoned C6-1G.
Where is this office building located?
The property is located at 47 Division Street Manhattan, NY.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: 7‑story building with an elevator on a 50' x 68' lot; Total building size: 22,677 SF; Zoned C6‑1G
