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    124 18Th St New York, NY 10011

    Sponsored
    For Sale
    $2,500,000

    1,724 SF Retail Condo, 100% Occupied

    Property size:
    1,724 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Chelsea retail condo presents a lucrative investment opportunity. Located at 124 W 18th St, New York, NY 10011, this property boasts 1,724 square feet of ground floor retail space, complemented by an additional 800 square feet of basement area. Currently 100% occupied, the property offers immediate cash flow and strong potential for future appreciation. The asking price is $2,500,000, translating to a price per square foot of $1,450.12. The property is ideally suited for a variety of dry uses, making it an attractive option for both owner-occupiers and investors. The triple net (NNN) lease structure minimizes landlord responsibilities. The single tenancy simplifies management and provides a stable income stream. This prime Chelsea location offers high foot traffic and excellent visibility, ensuring strong potential for sustained success. The condo can be delivered vacant, providing flexibility for future tenants or owner-occupancy. This is a rare opportunity to acquire a high-performing retail property in a highly desirable New York City neighborhood. Don't miss out on this exceptional investment.

    Property Features for 124 18Th St

    General Information

    Property type
    Retail properties
    Square Feet
    1,724 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Visionlofts Condominium Condominium Complex Camerich New York Furniture Store

    Suggested Use

    Law Firm Restaurant Realty agency 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
    -73.9962212
    Latitude
    40.7401502

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    FAQs

    What type of property is this?
    Retail property - 1,724 SF Retail Condo, 100% Occupied
    Where is this retail property located?
    The property is located at 124 18Th St New York, NY.
    What is the asking price?
    The asking price for this property is $2,500,000.
    (212) 804-7712
    Request Owner's contact information
    124 18Th St 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
    124 18Th St New York, NY 10011
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