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    85 Henry St New York, NY 10002

    Sponsored
    For Sale
    $12,500,000

    75x75' Lot, $12.5M, High Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,625 square foot commercial land parcel, located at 85 Henry Street in New York, NY 10002, presents a unique investment opportunity. Situated on the north side of Henry Street between Forsyth and Pike Streets, this 75' x 75' vacant lot is currently used for parking. The property is zoned C6-1G, R7-2, offering flexibility for a variety of development projects, including residential, commercial, or community facilities. The maximum permissible buildable floor area (ZFA) is approximately 36,563 square feet, providing significant potential for a substantial return on investment. This prime location in New York City offers unparalleled access to transportation, amenities, and a vibrant urban environment. The asking price for this exceptional property is $12,500,000. This is a rare chance to acquire a large, developable lot in a highly sought-after area of Manhattan. Serious inquiries only.

    Property Features for 85 Henry St

    General Information

    Property type
    Land

    HighLights

    • 5,625 SF vacant lot at 85 Henry Street, New York, NY 10002.
    • 75' x 75' lot, currently used for parking.
    • C6‑1G, R7‑2 zoning allows for residential, commercial, or community facility development.
    • Approx. 36,563 SF maximum buildable floor area.
    • $12,500,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -73.993291109218
    Latitude
    40.713124402746

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    FAQs

    What type of property is this?
    Land - 75x75' Lot, $12.5M, High Development Potential
    Where is this land located?
    The property is located at 85 Henry St New York, NY.
    What is the asking price?
    The asking price for this property is $12,500,000.
    What are key features of this property?
    This property features: 5,625 SF vacant lot at 85 Henry Street, New York, NY 10002.; 75' x 75' lot, currently used for parking.; C6-1G, R7-2 zoning allows for residential, commercial, or community facility development.
    (212) 660-7743
    Request Owner's contact information
    85 Henry St New York, NY 10002
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    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
    85 Henry St New York, NY 10002
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