Office
For Sale
$65,000
7 Chatham Square #6 New York, New York, NY 10038
Located in a mixed office-and-retail building near subway and bus service.
Property Size102 SF
Price / SF$637.25
Days on Market369
Property Features for 7 Chatham Square #6 New York
General Information
Standard status
Active
Size
102 SF
Property subtype
Commercial
Site & Location
Neighborhood
South Street Seaport
Public Transit
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$1,857
Building Details
Building Size
102 SF
Year Built
1920
Listing Agency:
CPRE Elite Inc
(917) 920-0022
Listed By:
Xiaoyan He
(917) 705-7063
Source:
Croninreale
Added: Oct 22, 2025
Changed: Oct 23
Last Checked: Oct 23 at 5:56PM
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 CPRE Elite Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial condominium is part of a building with office and retail units. The property is identified as suitable for professional office or retail use, offering flexibility between those functions. The building dates to 1920.
Chatham Square is near subway lines and bus service, connecting the property to public transit options.
Chatham Square is near subway lines and bus service, connecting the property to public transit options.
Key Highlights
- Commercial condominium in a building with office and retail units
- Suitable for professional office or retail use
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,194
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$63,880
$63.9K
Cap Rate 7%
$45,629
$45.6K
Cap Rate 9%
$35,489
$35.5K
Market Conditions
NOI Build-Up for 102 SF
Gross rent
$5.3K $51.48/SF
− Vacancy
−$992 −$9.73/SF
EGI
$4.3K $41.75/SF
− OpEx
−$1.1K −$10.44/SF
NOI
$3.2K $31.31/SF
Area
New York, NY
Vacancy
18.90%
Lease Rate
$51.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$63,880
Cap Rate 7%
$45,629
Cap Rate 9%
$35,489
Alternative Uses
Best Use
Office B
$45.6K
$39.9K – $53.2K
NOI $3,194 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$253.9K
$222.2K – $296.2K
NOI $17,772 @ 7.0% cap · market cap 27.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
37,693
Businesses Nearby
Explore this area
Business Placement
Demographics for 10038, NY
25,332
Population
12,624
Households
2
Avg Household Size
33
Median Age
62%
College-Educated
83%
High-School Grad
0.3 sq mi
ZIP Area
84,440
Density / Sq Mi
$115,121
Median Household Income
$87,698
Median Earnings
$3,140
Median Rent
$865,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Located in a mixed office-and-retail building near subway and bus service.
Where is this office unit located?
The property is located at 7 Chatham Square #6 New York New York, NY.
What is the asking price?
The asking price for this property is $65,000.
What are key features of this property?
This property features: Commercial condominium in a building with office and retail units; Suitable for professional office or retail use; Built in 1920
