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    18 Orchard St New York, NY 10002

    Sponsored
    For Sale
    $3,600,000

    NYC Retail Condo, 1,800 SF, $3.6M

    Property size:
    3,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial condominium at 18 Orchard Street in New York City's vibrant Lower East Side presents a unique investment opportunity. The property boasts a total of 3,800 square feet, encompassing 1,800 square feet of ground floor retail space, a 400 square foot mezzanine, and a 2,000 square foot basement. The ground floor features impressive 14'9" ceiling heights, creating a spacious and inviting atmosphere for retail operations. The basement offers 8'7" ceiling heights, providing ample storage or additional functional space. The property is zoned C6-2, allowing for a variety of retail uses. Located in a rapidly growing area of Manhattan, this storefront is ideal for owner-occupancy or for an investor seeking to capitalize on the area's increasing retail demand. The asking price is $3,600,000, translating to $947.37 per square foot of net rentable area. This presents a compelling opportunity to acquire a well-situated retail space in a prime Manhattan location with significant potential for future appreciation. The property consists of one unit. The building's strategic location offers excellent visibility and accessibility, making it an attractive proposition for a wide range of retail businesses. This is a rare chance to own a piece of New York City's dynamic retail landscape.

    Property Features for 18 Orchard St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,800 SF

    Building Details

    Units
    1

    HighLights

    • $3,600,000 asking price for this 1,800 SF retail storefront.
    • Located at 18 Orchard St, New York, NY 10002.
    • 3,800 total square feet, including 1,800 SF net rentable space.
    • $947.37 price per square foot.
    • C6‑2 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Reliance Fire Systems Fire Department Equipment Supplier My WordPress Photographer PCI Networks Computer Security Service

    Suggested Use

    Realty agency Restaurant Law Firm 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
    -73.9915198
    Latitude
    40.7152382

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    FAQs

    What type of property is this?
    Individual retail property - NYC Retail Condo, 1,800 SF, $3.6M
    Where is this individual retail property located?
    The property is located at 18 Orchard St New York, NY.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: $3,600,000 asking price for this 1,800 SF retail storefront.; Located at 18 Orchard St, New York, NY 10002.; 3,800 total square feet, including 1,800 SF net rentable space.
    Request Owner's contact information
    18 Orchard St New York, NY 10002
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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
    18 Orchard St New York, NY 10002
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