Historic Bleecker Street Mixed-Use
7 Bleecker Street Manhattan, NY 10012
7 Bleecker Street, Manhattan, NY, 10012
$6,500,000
For Sale
$6,500,000
Landmark property in NoHo East Historic District with endless possibilities.
Property Size3,776 SF
Lot Size0.03 Acres
Price / SF$1,721
Days on Market131
Property Features for 7 Bleecker Street
General Information
- Standard status
- Active
- Size
- 3,776 SF
- Lot size
- 0.03 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1899
Listing Agency
Corcoran Group
(646) 591-5216
Listed by
Laura J Weinkam · License #30WE1065313
(646) 591-5216
Source
Compass
Added: Mar 9 Checked: Jul 17 at 5:39 am
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 Corcoran Group
Investment Insights
Based on property information with market context.
Located in the NoHo East Historic District, 7 Bleecker Street is a mixed-use property with architectural significance. Built in 1817, this Federal-style townhouse is one of the oldest remaining houses on Bleecker Street. The property, configured as 2 residential units over an artist's studio, will be delivered vacant. The building dimensions are 25 ft x 37 ft with a 10 ft x 23 ft rear extension, situated on a 25 ft x 60 ft lot. The total square footage is 4,465 SF, including a full height lower level, plus a 357 SF rear yard. The current built floor area is 3780 SF with an As Built FAR of 2.52. The maximum buildable floor area is 7500 SF, with a maximum allowable FAR of 5, leaving an unused FAR of 3724 SF. The zoning is M1-5/R7X, SoHo-NoHo Mixed Use District (SNX). The property pre-dates Certificate of Occupancy requirements. This property offers opportunities for restoration and transformation, whether as a grand, single-family home or a mixed-use property with retail or gallery space and residential units. NoHo is known for its historic architecture, boutiques, and dining. The annual property tax is $21,330.
Key Highlights
- Significant Unused FAR: 3,724 square feet of buildable space available, offering substantial expansion or development potential (subject to Landmarks approval).
- Prime NoHo Location: Situated in the heart of the vibrant NoHo East Historic District, known for its historic architecture, boutiques, and dining.
- Historic Federal‑Style Townhouse: Built in 1817, it's one of the oldest remaining houses on Bleecker Street, offering unique historical significance.
Local Financial Insights For Retail
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 | $889.9k | $235.68 |
| − Vacancy | −$130.8k | −$34.64 |
| EGI | $759.1k | $201.04 |
| − OpEx | −$227.7k | −$60.31 |
| NOI | $531.4k | $140.72 |
3,776 SF · lease $235.68/SF/yr · vacancy 14.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$7.59M
$6.64M – $8.86M
NOI $531,376 @ 7.0% cap · market cap 8.18%
Second Best
Mixed Use
$1.72M
$1.50M – $2.01M
NOI $120,360 @ 7.0% cap · market cap 1.85%
Theoretical Best
Specialty Retail
$9.40M
$8.22M – $10.97M
NOI $657,930 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The lodge
Cafe & Coffee Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Landmark property in NoHo East Historic District with endless possibilities.
Where is this mixed-use property located?
The property is located at 7 Bleecker Street Manhattan, NY.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Significant Unused FAR: **3,724 square feet of buildable space available**, offering substantial expansion or development potential (subject to Landmarks approval).; Prime NoHo Location: Situated in the heart of the vibrant NoHo East Historic District, known for its historic architecture, boutiques, and dining.; Historic Federal‑Style Townhouse: Built in 1817, it's one of the oldest remaining houses on Bleecker Street, offering unique historical significance.
