Mixed-Use Townhouse with Roof
New
For Sale
$9,250,000
94 Charles Street, New York, NY 10014
A ground-floor commercial storefront sits beneath a multi-level residence with private outdoor space.
Property Size3,256 SF
Price / SF$2,840
Days on Market6
Property Features for 94 Charles Street
General Information
Standard status
Active
Size
3,256 SF
Property subtype
Mixed
Site & Location
Neighborhood
Downtown
Frontage
22 ft
Mixed-Use Components
retail, residential
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$38,748
Amenities
Central air
Building Details
Year Built
1899
Units
2
Listing Agency:
East Side
Listed By:
Michael Russell · License #10401276743
(678) 665-9291
Source:
Corcoran
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 3:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of East Side
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Investment Insights
Based on property information with market context.
This 3,256-square-foot mixed-use townhouse, built in 1899, combines a ground-floor commercial space with approximately 2,200 square feet of residential living. The home spans several levels and includes two bedrooms, three full bathrooms, a living room with a wood-burning fireplace, and a kitchen with Wolf, Sub-Zero, and Miele appliances. A sunroom and landscaped private roof terrace occupy the upper level. Other features include an outdoor shower, four skylights on the living-room floor, three skylights in the sunroom, central HVAC with two zones, and a new boiler. The basement is accessible through the store or from Charles Street.
The commercial space is occupied by Billy Reid. The property is on Charles Street in Manhattan’s West Village, near Hudson River Park and the High Line. Subway access includes the A, C, E, 1, 2, and 3 lines.
The commercial space is occupied by Billy Reid. The property is on Charles Street in Manhattan’s West Village, near Hudson River Park and the High Line. Subway access includes the A, C, E, 1, 2, and 3 lines.
Key Highlights
- 3,256‑square‑foot mixed‑use townhouse built in 1899
- Approximately 2,200 square feet of residential space above ground‑floor commercial space
- Commercial space occupied by Billy Reid
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$458,199
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,163,980
$9.2M
Cap Rate 7%
$6,545,700
$6.5M
Cap Rate 9%
$5,091,100
$5.1M
Market Conditions
NOI Build-Up for 3,256 SF
Gross rent
$767.4K $235.68/SF
− Vacancy
−$112.8K −$34.64/SF
EGI
$654.6K $201.04/SF
− OpEx
−$196.4K −$60.31/SF
NOI
$458.2K $140.72/SF
Area
New York, NY
Vacancy
14.70%
Lease Rate
$235.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,163,980
Cap Rate 7%
$6,545,700
Cap Rate 9%
$5,091,100
Alternative Uses
Best Use
Retail
$6.55M
$5.73M – $7.64M
NOI $458,199 @ 7.0% cap · market cap 4.95%
Second Best
Mixed Use
$1.48M
$1.30M – $1.73M
NOI $103,785 @ 7.0% cap · market cap 1.12%
Theoretical Best
Specialty Retail
$8.10M
$7.09M – $9.46M
NOI $567,325 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
17,857
Businesses Nearby
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Business Placement
Demographics for 10014, NY
32,590
Population
21,835
Households
1.5
Avg Household Size
37
Median Age
85%
College-Educated
99%
High-School Grad
0.5 sq mi
ZIP Area
65,180
Density / Sq Mi
$167,254
Median Household Income
$115,048
Median Earnings
$2,998
Median Rent
$1,294,200
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor commercial storefront sits beneath a multi-level residence with private outdoor space.
Where is this mixed-use property located?
The property is located at 94 Charles Street New York, NY.
What is the asking price?
The asking price for this property is $9,250,000.
What are key features of this property?
This property features: 3,256‑square‑foot mixed‑use townhouse built in 1899; Approximately 2,200 square feet of residential space above ground‑floor commercial space; Commercial space occupied by Billy Reid
