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    85 7Th Ave New York, NY 10014

    Sponsored
    For Lease
    $67 SF/Yr

    9,000 SF Prime West Village Venue

    Lot size:
    9,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9,000-square-foot commercial space, located at 85 7th Ave S in New York, NY 10014, presents a unique opportunity in the vibrant West Village submarket. Classified as Class A retail, restaurant, and special purpose property, this single-tenant space boasts a prime location with high foot traffic. The property features two stories (ground and second floor) plus a basement, offering ample space for a variety of uses. The building's impressive 300-foot frontage ensures excellent visibility and accessibility. Existing restaurant infrastructure is already in place, significantly reducing initial setup costs and time. The property's versatility makes it ideal for a restaurant, venue, bar, retail establishment, or art gallery. The asking rent is $50,000 per month. This location offers a rare combination of size, prime location, and existing infrastructure, making it an exceptional investment opportunity in one of Manhattan's most desirable neighborhoods. The property is situated in the West Village submarket of New York City, offering easy access to various transportation options and a thriving community. The building's rooftop also presents additional potential for development or use.

    Property Features for 85 7Th Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,000 SF
    Class
    A

    Unit(s) available at that property

    Space
    Size
    9,000 SF
    Rate per SF
    $67

    HighLights

    • 9,000 SF Class A commercial space at 85 7th Ave S, New York, NY 10014.
    • Prime West Village location with high foot traffic and 300‑foot frontage.
    • Two‑story space (ground & second floor) plus basement, suitable for retail, restaurant, or special purpose use.
    • Existing restaurant infrastructure included.
    • Asking rent: $50,000/month.
    • Rooftop offers development potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency 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
    -74.0030914
    Latitude
    40.73266

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    FAQs

    What type of property is this?
    Restaurant - 9,000 SF Prime West Village Venue
    Where is this restaurant located?
    The property is located at 85 7Th Ave New York, NY.
    What is the lease rate?
    The lease rate is $67 SF/Yr.
    What are key features of this property?
    This property features: 9,000 SF Class A commercial space at 85 7th Ave S, New York, NY 10014.; Prime West Village location with high foot traffic and 300-foot frontage.; Two-story space (ground & second floor) plus basement, suitable for retail, restaurant, or special purpose use.
    Request Owner's contact information
    85 7Th Ave New York, NY 10014
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    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
    85 7Th Ave New York, NY 10014
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