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    54 Crosby St New York, NY 10012

    For Lease
    $97 SF/Yr

    Historic SoHo building, raw space, high ceilings.

    Lot size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This unique SoHo full-building lease opportunity presents a dynamic, raw space with significant potential. Formerly the studio of renowned artist Arturo di Modica, this multi-level property offers a truly inspiring environment. A dramatic 30-foot high skylight floods the interior with natural light, complementing the multiple balconies and expansive multi-story facade windows. The building's classification is Class B, and it was originally constructed in 1900. The property is suitable for a variety of uses, including traditional and creative office spaces, and arts-related businesses. Tenant improvement (TI) allowances are available. The building's layout is ideal for maintaining social distancing, offering ample space for a comfortable and safe workspace. Lease terms are flexible, with options for both short-term and long-term occupancy, including three-year and longer leases. A discount is offered for one-year prepaid leases with co-publicity. The asking price is available upon request, and viewings are encouraged. Serious inquiries only.

    Property Features for 54 Crosby St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,000 SF
    Class
    B

    Building Details

    Year Built
    1900

    Unit(s) available at that property

    Space
    Size
    8,000 SF
    Rate per SF
    $97

    HighLights

    • Full‑building lease opportunity in SoHo.
    • Former art studio, offering unique raw space.
    • Features 30‑foot high skylight, multiple balconies, and large facade windows.
    • Tenant improvement (TI) allowance offered; full commission listing.
    • Suitable for various uses; three‑year and longer leases available; one‑year prepaid lease discount with co‑publicity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Law Firm Realty agency Restaurant 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
    -73.998487018905
    Latitude
    40.722072811959

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    FAQs

    What type of property is this?
    Office space - Historic SoHo building, raw space, high ceilings.
    Where is this office space located?
    The property is located at 54 Crosby St New York, NY.
    What is the lease rate?
    The lease rate is $97 SF/Yr.
    What are key features of this property?
    This property features: Full-building lease opportunity in SoHo.; Former art studio, offering unique raw space.; Features 30-foot high skylight, multiple balconies, and large facade windows.
    Request Owner's contact information
    54 Crosby St New York, NY 10012
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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
    54 Crosby St New York, NY 10012
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