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    121 Varick St New York, NY 10013

    Sponsored
    For Sale
    $11,000,000

    146,861 SF Office Building, $11M

    Property size:
    146,861 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Class C office building at 121 Varick Street in New York, NY 10013 presents a unique investment opportunity. The entire 5th floor, a substantial 12,623 square feet, is available for purchase at an asking price of $11,000,000. This executive office space boasts a modern, recently completed build-out featuring polished concrete floors and impressive 12-foot exposed ceilings. Natural light floods the space through oversized windows on three sides. The property includes a luxurious executive restroom complete with a shower, adding a high-end touch to the workspace. The building itself benefits from a recently renovated lobby, enhancing the overall appeal and functionality. The total square footage of the building is 146,861 square feet, offering significant potential for expansion or further development. Located in the vibrant New York County, this property provides easy access to various amenities and transportation options. This is an ideal opportunity for a discerning buyer seeking a prestigious and well-appointed executive office space in a prime Manhattan location. The property's modern design and high-end finishes make it an attractive option for businesses seeking a sophisticated and functional workspace. The strategic location and substantial square footage offer significant long-term investment potential.

    Property Features for 121 Varick St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    146,861 SF
    Class
    C

    HighLights

    • 12,623 SF 5th floor office condo for sale.
    • Modern construction with polished concrete floors and 12' ceilings.
    • Includes executive restroom with shower.
    • Abundant natural light from three sides of oversized windows.
    • Renovated lobby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Brand New School Design Agency City Streets Trucking ... Trucking Company Positive Print Litho ... Commercial Printer NYC Printers Commercial Printer Rosen Mandell & Immerman ... Commercial Printer

    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
    -74.0061994
    Latitude
    40.7248833

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    FAQs

    What type of property is this?
    Office Property / Space - 146,861 SF Office Building, $11M
    Where is this office property / space located?
    The property is located at 121 Varick St New York, NY.
    What is the asking price?
    The asking price for this property is $11,000,000.
    What are key features of this property?
    This property features: 12,623 SF 5th floor office condo for sale.; Modern construction with polished concrete floors and 12' ceilings.; Includes executive restroom with shower.
    Request Owner's contact information
    121 Varick St New York, NY 10013
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    New York, NY 10013
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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
    121 Varick St New York, NY 10013
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