Ground-Level Flex
For Sale
$4,700,000
95 Vandam Street RETAIL, New York City, NY 10013
Commercial condominium offering showroom, retail, office, and light manufacturing functionality across two levels.
Property Size7,900 SF
Price / SF$594.94
Days on Market82
Property Features for 95 Vandam Street RETAIL
General Information
Standard status
Active
Size
7,900 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$144,000
Building Details
Building Size
7,900 SF
Year Built
1901
Listing Agency:
Compass
(917) 991-6585
Listed By:
Yossi Capland
(917) 991-6585
Source:
Carlinwright
Added: May 12
Changed: Aug 1
Last Checked: Aug 1 at 10:55AM
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 Compass
Investment Insights
Based on property information with market context.
This commercial condominium provides 7,900 square feet across a ground level and lower level. The ground floor contains 4,400 square feet, while the lower level adds 3,500 square feet, creating a two-level layout suited to a range of commercial functions.
The property supports showroom, retail, office, and light manufacturing uses. Built in 1901, it is located at 95 Vandam Street RETAIL in New York City, within ZIP code 10013.
The property supports showroom, retail, office, and light manufacturing uses. Built in 1901, it is located at 95 Vandam Street RETAIL in New York City, within ZIP code 10013.
Key Highlights
- 7,900‑square‑foot commercial condominium
- 4,400 SF on the ground level
- 3,500 SF lower level
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $406.7k | $51.48 |
| − Vacancy | −$76.9k | −$9.73 |
| EGI | $329.8k | $41.75 |
| − OpEx | −$82.5k | −$10.44 |
| NOI | $247.4k | $31.31 |
7,900 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Retail
$15.88M
$13.90M – $18.53M
NOI $1,111,724 @ 7.0% cap · market cap 23.65%
Second Best
Office B
$3.53M
$3.09M – $4.12M
NOI $247,370 @ 7.0% cap · market cap 5.26%
Theoretical Best
Specialty Retail
$19.66M
$17.21M – $22.94M
NOI $1,376,496 @ 7.0% cap · market cap 29.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
17,958
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10013, NY
31,042
Population
15,933
Households
1.9
Avg Household Size
36
Median Age
72%
College-Educated
89%
High-School Grad
0.5 sq mi
ZIP Area
62,084
Density / Sq Mi
$159,474
Median Household Income
$92,765
Median Earnings
$2,378
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial condominium offering showroom, retail, office, and light manufacturing functionality across two levels.
Where is this flex space located?
The property is located at 95 Vandam Street RETAIL New York City, NY.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: 7,900‑square‑foot commercial condominium; 4,400 SF on the ground level; 3,500 SF lower level
