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    21 17Th St New York, NY 10003

    Sponsored
    For Sale
    $10,500,000

    Historic 11,250 SF building, high potential.

    Property size:
    11,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 21 East 17th Street in New York City's Ladies' Mile Historic District, presents a unique investment opportunity. The 11,250 square foot building, constructed in 1915, features five stories and boasts a charming facade dating back to 1882. Currently at 20% occupancy, this Class C building offers significant upside potential. The property is zoned M1-5M, allowing for a Floor Area Ratio (FAR) of 5.0 for office/manufacturing and 6.5 for community facilities. There are no side yard requirements and a 20-foot rear yard. The building's permitted uses include business, mercantile, residential, and community facility options, providing flexibility for a variety of development scenarios. Concept designs showcase multiple layout options for retail spaces, including an elevator study. The lot dimensions are 25 feet by 97 feet, encompassing approximately 0.06 acres. The asking price is $10,500,000. Real estate taxes, as of August 1, 2023, were $169,926.16. The building's ceiling height is 11 feet. This property is ideal for an owner/user seeking a prime location in a thriving neighborhood with significant redevelopment potential. The building's versatility and advantageous zoning make it an attractive investment for both short-term and long-term growth. The Northwest corner of Union Square location provides excellent visibility and accessibility.

    Property Features for 21 17Th St

    General Information

    Property type
    Medical offices
    Square Feet
    11,250 SF
    Class
    C

    Building Details

    Year Built
    1915
    Stories
    5

    HighLights

    • Building Details: Five‑story building plus contiguous lower level, approximately 11,250 rentable square feet (RSF).
    • Address: 21 East 17th Street, New York, NY.
    • Location: Northwest corner of Union Square.
    • Lot Size: 25' x 97', 0.06 acres; Block 846, Lot 16.
    • Zoning: M1‑M5.
    • Real Estate Taxes: $169,926.16 (as of August 1, 2023).
    Property Profile Location Intelligence

    Current Use by Public Records

    Sweet Cats Union ... Dessert Shop Sweet Cats Cafe Bubble Tea Store Sweet Cats Cafe&Arcade Soft Drinks Shop Grand Merci Moving Transportation Service

    Suggested Use

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

    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
    -73.9908109
    Latitude
    40.7375479

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    FAQs

    What type of property is this?
    Medical office - Historic 11,250 SF building, high potential.
    Where is this medical office located?
    The property is located at 21 17Th St New York, NY.
    What is the asking price?
    The asking price for this property is $10,500,000.
    What are key features of this property?
    This property features: Building Details: Five-story building plus contiguous lower level, approximately 11,250 rentable square feet (RSF).; Address: 21 East 17th Street, New York, NY.; Location: Northwest corner of Union Square.
    Request Owner's contact information
    21 17Th St New York, NY 10003
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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
    21 17Th St New York, NY 10003
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