Cast-Iron Mixed-Use
75 MURRAY Street, Manhattan, NY 10007
For Sale
New
$16,000,000
A restored property combines restaurant space with upper-floor occupancy and a penthouse.
Property Size15,000 SF
Price / SF$1,066
Days on Market4
Property Features for 75 MURRAY Street
General Information
Standard status
Size
Property subtype
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Gross Income
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Construction
Tenancy
Owner Occupied
Listing Agency:
Christies International Real Estate New York
Listed By:
Leslie Hirsch
(917) 626-6285
Source:
Carlinwright
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:30PM
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 Christies International Real Estate New York
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Investment Insights
Based on property information with market context.
At 75 Murray Street in Tribeca, this mixed-use building contains approximately 15,000 gross square feet, including 2,500 square feet below grade. Its cast-iron exterior features Venetian Renaissance styling, and a restoration in the mid-1990s retained the building’s architectural character while adapting it for current use. The property is used for work and cultural events, with flexible layouts described as accommodating varied uses.
The building is positioned between West Broadway and Greenwich Street. Its space includes a restaurant under lease through September 2034, a third floor used by the owner’s family, a fourth floor leased through 2027, and a leased penthouse through 2027.
The building is positioned between West Broadway and Greenwich Street. Its space includes a restaurant under lease through September 2034, a third floor used by the owner’s family, a fourth floor leased through 2027, and a leased penthouse through 2027.
Key Highlights
- Approximately 15,000 gross square feet, including 2,500 square feet below grade
- Cast‑iron facade in the Venetian Renaissance style
- Restoration completed in the mid‑1990s
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$694,238
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,884,760
$13.9M
Cap Rate 7%
$9,917,686
$9.9M
Cap Rate 9%
$7,713,756
$7.7M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$990.0K $66.00/SF
− Vacancy
−$64.4K −$4.29/SF
EGI
$925.7K $61.71/SF
− OpEx
−$231.4K −$15.43/SF
NOI
$694.2K $46.28/SF
Area
New York County, NY
Vacancy
6.50%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,884,760
Cap Rate 7%
$9,917,686
Cap Rate 9%
$7,713,756
Alternative Uses
Best Use
Specialty Retail
$9.92M
$8.68M – $11.57M
NOI $694,238 @ 7.0% cap · market cap 4.34%
Second Best
Mixed Use
$6.83M
$5.98M – $7.97M
NOI $478,125 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$10.49M
$9.18M – $12.23M
NOI $734,077 @ 7.0% cap · market cap 4.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
34,109
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 34%
Playa Bowls
Dining
5,312 visits/mo
0.5 miles
Chase Bank
Shops & Services
5,207 visits/mo
0.4 miles
Chipotle Mexican Grill
Dining
4,856 visits/mo
0.4 miles
Demographics for 10007, NY
8,421
Population
3,711
Households
2.3
Avg Household Size
35
Median Age
86%
College-Educated
98%
High-School Grad
0.2 sq mi
ZIP Area
42,105
Density / Sq Mi
$250,001
Median Household Income
$150,470
Median Earnings
$3,501
Median Rent
$2,000,001
Median Home Value
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Market
Properties on Market for Mixed-use properties in Manhattan
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A restored property combines restaurant space with upper-floor occupancy and a penthouse.
Where is this mixed-use property located?
The property is located at 75 MURRAY Street Manhattan, NY.
What is the asking price?
The asking price for this property is $16,000,000.
What are key features of this property?
This property features: Approximately 15,000 gross square feet, including 2,500 square feet below grade; Cast‑iron facade in the Venetian Renaissance style; Restoration completed in the mid‑1990s
