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    15 8Th Ave New York, NY 10014

    Sponsored
    For Sale
    $5,400,000

    Prime West Village location, owner-user opportunity.

    Property size:
    2,390 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story, mixed-use townhome at 15 8th Avenue in New York City's coveted West Village offers a unique blend of investment and lifestyle. Spanning approximately 2,390 square feet above grade (plus roughly 3,000 square feet gross including the basement), this meticulously maintained property boasts a ground-floor retail tenant, Barachou, a renowned French bakery occupying 608 square feet on the ground floor and an additional 500 square feet of basement space. The upper two floors comprise a stunning 1,600 square-foot duplex with a loft-style layout, featuring a kitchen, two fireplaces, and two full bathrooms. A modern internal staircase connects the floors, leading to a beautifully finished private roof deck ideal for outdoor entertaining. The building is zoned C1-6 and sits on an 840 square foot lot. This owner-user opportunity allows for immediate income generation from the established retail tenant while providing ample space for personal use. Its prime West Village location, just blocks from multiple subway lines (1, 2, 3, A, C, E, & L) and Abingdon Square Park, offers unparalleled access to the neighborhood's vibrant cultural scene, dining options, and shopping. The asking price is $5,400,000, translating to $2,259.41 per square foot. This is a rare chance to acquire a fee simple interest in a truly remarkable Manhattan property. The building consists of two units across three stories.

    Property Features for 15 8Th Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,390 SF

    Building Details

    Stories
    3
    Units
    2

    HighLights

    • Immaculately maintained boutique mixed‑use building.
    • Investment opportunity: existing ground floor tenant provides immediate income stream.
    • Attractive, high‑quality roof deck.
    • Prime West Village location.
    Property Profile Location Intelligence

    Current Use by Public Records

    ZenMars Art Gallery Barachou West Village Bakery

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -74.004711774542
    Latitude
    40.737608583907

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    FAQs

    What type of property is this?
    Individual retail property - Prime West Village location, owner-user opportunity.
    Where is this individual retail property located?
    The property is located at 15 8Th Ave New York, NY.
    What is the asking price?
    The asking price for this property is $5,400,000.
    What are key features of this property?
    This property features: Immaculately maintained boutique mixed-use building.; Investment opportunity: existing ground floor tenant provides immediate income stream.; Attractive, high-quality roof deck.
    Request Owner's contact information
    15 8Th Ave New York, NY 10014
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15 8Th Ave New York, NY 10014
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