87 Greenwich St, New York, NY
Three-story retail/office building with outdoor seating in downtown New York.
- Added:
- Feb 28, 2025
- Days on Market:
- 475
- Last Refresh:
- May 20 at 9:17 pm
Property Features for 87 Greenwich St
General Information
- Standard status
- Active
- Size
- 5,332 SF
- Lot size
- 0.03 Acres
- Property subtype
- RETAIL
Listing agent Richard Rosenthal (917) 693-0831
Listing office Helmsley Spear (917) 693-0831
Listing date Feb 28, 2025
Source Moodyscre
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HighLights
- Prime downtown Manhattan location at the corner of Greenwich and Rector Streets
- 5,332 square foot retail/office building suitable for restaurant users and retailers
- Includes a full basement, ground floor, second floor, and third floor
- Outdoor seating area with capacity for 26 people
- Easy access to the 1, 2, 3, 4, 5, R, W subway lines
- Brand new to the market
Overview
Local Financial Insights For Specialty 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 | $1.41M | $264.00 |
| − Vacancy | −$168.9k | −$31.68 |
| EGI | $1.24M | $232.32 |
| − OpEx | −$309.7k | −$58.08 |
| NOI | $929.0k | $174.24 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -74.0135
- Latitude
- 40.7078