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    154 Bleecker St Cor New York, NY 10012

    Sponsored
    For Lease
    Contact for pricing

    Prime Village Location, Multiple Units Available

    Lot size:
    6,612 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional retail opportunity presents 6,612 square feet of vacant space at 154 Bleecker Street, situated in the vibrant heart of Greenwich Village, New York County. The property boasts a highly visible corner location, ensuring maximum exposure for your business. The space is available for lease as a whole or can be divided into smaller units, with a minimum divisible space of 910 square feet and a maximum contiguous space of 2,408 square feet. This flexibility allows for a variety of tenant configurations, catering to businesses of different sizes and needs. The building's prime location offers unparalleled access to a dense population of residents and tourists, further enhanced by its close proximity to multiple subway lines, ensuring excellent accessibility for customers and employees. All uses are considered, making this a versatile space suitable for a wide range of retail concepts. The property's total square footage is 6,612 square feet, currently entirely vacant and ready for immediate occupancy. This presents a unique chance to establish a thriving business in one of Manhattan's most sought-after neighborhoods. The high visibility and convenient location make this an exceptional investment opportunity for discerning businesses seeking a prominent presence in Greenwich Village. Contact us today to learn more about this exciting retail space and schedule a viewing.

    Property Features for 154 Bleecker St Cor

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,612 SF

    Unit(s) available at that property

    Space
    Space B
    Size
    910 SF
    Space
    Space C (Ground Floor)
    Size
    1,390 SF
    Space
    Space C (Lower Level)
    Size
    2,408 SF

    We can help!

    Listing Contact
    Carolina Aziz
    Carolina Aziz

    Learn more

    HighLights

    • High‑visibility corner retail space in Greenwich Village.
    • 6,612 square feet total, fully vacant.
    • Multiple suites available, ranging from 910 to 2,408 contiguous square feet.
    • All uses considered.
    • Excellent subway access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9996016
    Latitude
    40.7281846

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    FAQs

    What type of property is this?
    Retail property - Prime Village Location, Multiple Units Available
    Where is this retail property located?
    The property is located at 154 Bleecker St Cor New York, NY.
    What are key features of this property?
    This property features: High-visibility corner retail space in Greenwich Village.; 6,612 square feet total, fully vacant.; Multiple suites available, ranging from 910 to 2,408 contiguous square feet.
    Request Owner's contact information
    154 Bleecker St Cor New York, NY 10012
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    New York, NY 10012
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    154 Bleecker St Cor New York, NY 10012
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    We can help!
    Listing Contact
    Carolina Aziz
    Carolina Aziz
    Real Estate License ID: NY
    Learn more
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