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    114 Stanton St New York, NY 10002

    For Sale
    $4,650,000

    Prime Lower East Side retail & residential

    Property size:
    8,052 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional mixed-use property at 114 Stanton Street, New York, NY 10002, presents a compelling value-add investment opportunity. The six-story, 8,052-square-foot brick building boasts a prime location between Ludlow and Essex Streets in the vibrant Lower East Side. The property features five residential units and ground-floor retail space currently occupied by a premier retailer with 22 feet of street frontage. One residential unit is available vacant upon closing. Built in 1900 and renovated in 2015, the building is zoned C4-4A and offers a strong occupancy rate of 100%. Its strategic location provides easy access to the Delancey Street subway station (F, M, J, and Z lines), ensuring convenient transportation for residents and customers. The surrounding area offers a wealth of dining, entertainment, and nightlife options, further enhancing the property's appeal and potential for strong rental income. The asking price is $4,650,000, translating to $577.50 per square foot. This presents a rare chance to acquire a well-positioned mixed-use asset in a highly sought-after New York City neighborhood.

    Property Features for 114 Stanton St

    General Information

    Property type
    Multifamily properties
    Square Feet
    8,052 SF

    Building Details

    Year Built/Renovated
    1900/2015
    Buildings
    1
    Stories
    6
    Units
    6

    HighLights

    • Exceptional value‑add mixed‑use investment opportunity in the Lower East Side.
    • Prime retail space with 22' of street frontage currently occupied.
    • Five residential units, one vacant at closing; 100% occupancy otherwise.
    • Conveniently located near Delancey Street subway (F, M, J, Z lines).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    District One Shoe Store

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market 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
    -73.987211161992
    Latitude
    40.721074531203

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    FAQs

    What type of property is this?
    Multifamily property - Prime Lower East Side retail & residential
    Where is this multifamily property located?
    The property is located at 114 Stanton St New York, NY.
    What is the asking price?
    The asking price for this property is $4,650,000.
    What are key features of this property?
    This property features: Exceptional value-add mixed-use investment opportunity in the Lower East Side.; Prime retail space with 22' of street frontage currently occupied.; Five residential units, one vacant at closing; 100% occupancy otherwise.
    Request Owner's contact information
    114 Stanton St New York, NY 10002
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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
    114 Stanton St New York, NY 10002
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