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    66 7Th Ave New York, NY 10011

    Sponsored
    For Lease
    $299 SF/Yr

    721 sq ft Retail Space, High Traffic

    Lot size:
    721 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail space, located at 66 7th Ave in the heart of Chelsea, Manhattan (zip code 10011), presents a unique investment opportunity. The property boasts a prime location with very busy foot traffic, ensuring high visibility and potential for strong sales. The main retail area encompasses 721 square feet on the ground floor, ideal for a variety of businesses. Additionally, a 169 square foot basement provides valuable storage space, enhancing the overall functionality of the property. The property is classified as a single-tenant retail space within New York County. Its convenient location in Chelsea, a vibrant and densely populated neighborhood, guarantees significant exposure to potential customers. Food use is permitted, opening up possibilities for a diverse range of culinary ventures. The property's address is easily accessible, benefiting from excellent public transportation links and high pedestrian traffic. This is a rare opportunity to secure a well-situated retail space in one of Manhattan's most desirable neighborhoods. The property's size and location make it an attractive proposition for businesses seeking a strong foothold in a thriving market. The combination of ground floor retail space and basement storage offers a practical and efficient layout for various retail operations.

    Property Features for 66 7Th Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    721 SF

    Unit(s) available at that property

    Space
    Size
    721 SF
    Rate per SF
    $299
    Property Profile Location Intelligence

    Current Use by Public Records

    Grab and Go Convenience Grocery Store LibertyX Bitcoin ATM Atm Blossom Garden Nail ... Nail Salon

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market 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
    -73.9869567
    Latitude
    40.7274453

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    FAQs

    What type of property is this?
    Retail property - 721 sq ft Retail Space, High Traffic
    Where is this retail property located?
    The property is located at 66 7Th Ave New York, NY.
    What is the lease rate?
    The lease rate is $299 SF/Yr.
    Request Owner's contact information
    66 7Th Ave New York, NY 10011
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    New York, NY 10011
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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
    66 7Th Ave New York, NY 10011
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