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    57 Stone St New York, NY 10004

    Sponsored
    For Sale
    $1,000,000

    NYC prime location, high ROI opportunity.

    Property size:
    5,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property at 57 Stone Street in New York, NY 10004, presents a compelling investment opportunity. The 5,800 square foot building, classified as Class B, boasts a 100% occupancy rate and commands a compelling asking price of $1,000,000, translating to $172.41 per square foot. The property features three stories above grade, situated on a 1,450 square foot lot, and is zoned C5-5, LM. The building's dimensions are approximately 16 feet by 79 feet, with an impressive 44-foot roof height. Originally constructed in 1839, the building has undergone extensive renovations. Significant improvements include a complete gut remodel in 2001/2002 encompassing electrical, plumbing, HVAC systems, and new storefronts. Further renovations in 2008, 2010/2011, 2014/2015, and 2022/2023 addressed various aspects, including additional roof work, facade improvements, and window replacements on the second and third floors. The property's strong performance is reflected in its attractive 6.08% cap rate. This is a rare chance to acquire a well-maintained, historically significant, and highly profitable mixed-use asset in a prime New York City location. The building includes office and retail space.

    Property Features for 57 Stone St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,800 SF
    Class
    B

    Building Details

    Stories
    3

    HighLights

    • 5,800 SF Class B mixed‑use building in prime NYC location (57 Stone Street, 10004).
    • 100% occupancy with a $1,000,000 asking price ($172.41/SF).
    • Three‑story building on a 1,450 SF lot, zoned C5‑5, LM.
    • Extensive renovations completed throughout its history, including a full gut renovation (2001/2002) and subsequent upgrades.
    • 6.08% cap rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gran Vía Tapas Bar

    Suggested Use

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

    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
    -74.0102454
    Latitude
    40.704479

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    FAQs

    What type of property is this?
    Mixed-use property - NYC prime location, high ROI opportunity.
    Where is this mixed-use property located?
    The property is located at 57 Stone St New York, NY.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: 5,800 SF Class B mixed-use building in prime NYC location (57 Stone Street, 10004).; 100% occupancy with a $1,000,000 asking price ($172.41/SF).; Three-story building on a 1,450 SF lot, zoned C5-5, LM.
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    57 Stone St New York, NY 10004
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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
    57 Stone St New York, NY 10004
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