Property profile

0 12Th St New York, NY 10014

OFF-MARKET
Specialty properties
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Property summary

AI-generated overview

This exceptional 4,000-square-foot single-tenant property is situated in the vibrant Meatpacking District of New York City's West Village. Currently configured as a nightclub and restaurant, this one-story building boasts impressive 15-foot ceilings, creating a spacious and dramatic atmosphere. The property includes a fully vented kitchen, ideal for catering events or maintaining a full-service restaurant operation. Six bathrooms ensure ample facilities for patrons. A sophisticated sound and lighting system is already in place, along with a fully integrated security system, providing peace of mind for both owners and guests. The building's former use as a dance club speaks to its inherent suitability for entertainment purposes, and its high capacity makes it an attractive option for large-scale events. Located on Little West 12th Street in the 10014 zip code, this property offers unparalleled access to the area's bustling nightlife and high-end retail scene. The current asking price reflects the significant potential for revenue generation, with a reported monthly rent of $60,000. This is a rare opportunity to acquire a turnkey entertainment venue in one of Manhattan's most sought-after neighborhoods. The property is classified as Retail, Restaurant, and Special Purpose, making it versatile and adaptable to a range of uses.

Property profile

Verified
Property type Specialty properties

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

12Th St New York, NY 10014
New York metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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