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    7Th St New York, NY 10003

    For Lease
    $195 SF/Yr

    Prime East Village Retail, 1200 sq ft

    Lot size:
    1,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This fully built-out restaurant space, located on East 7th Street in the vibrant East Village of New York City, offers 1,200 square feet of prime retail space on the ground floor with a full basement. The property boasts a 20-foot frontage on East 7th Street, providing excellent street visibility and accessibility for customers. The space features a fully equipped kitchen with gas and venting already installed, significantly reducing setup costs for a new tenant. A beer and wine license is currently in place, adding immediate operational convenience. The high ceilings add to the spacious feel

    Property Features for 0 7Th St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,200 SF

    Unit(s) available at that property

    Space
    Size
    1,200 SF
    Rate per SF
    $195

    HighLights

    • 1,200 SF ground floor restaurant space in NYC's East Village.
    • 20‑foot East 7th Street frontage with excellent visibility.
    • Fully equipped kitchen with gas and venting; beer & wine license in place.
    • Full basement included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9847788
    Latitude
    40.7265539

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    FAQs

    What type of property is this?
    Retail property - Prime East Village Retail, 1200 sq ft
    Where is this retail property located?
    The property is located at 7Th St New York, NY.
    What is the lease rate?
    The lease rate is $195 SF/Yr.
    What are key features of this property?
    This property features: 1,200 SF ground floor restaurant space in NYC's East Village.; 20-foot East 7th Street frontage with excellent visibility.; Fully equipped kitchen with gas and venting; beer & wine license in place.
    Request Owner's contact information
    7Th 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
    7Th St New York, NY 10003
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