Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    179 Church St New York, NY 10007
    Property profile & analytics

    179 Church St New York, NY 10007

    View on Map
    • Retail properties & Spaces
    • 2,100 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Arpita Deli & Grocery / Food Market / Restaurant
    • Rainbow East Nails & Spa / Nail Salon

    Property Details for 179 Church St

    Property size
    2,100 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity presents three contiguous spaces totaling 2,100 square feet, located at 179-191 Church Street in the vibrant heart of New York City, New York County, zip code 10007. Currently fully vacant, this property offers immediate occupancy for a variety of retail businesses. Each space is independently divisible, with a minimum leasable area of 650 square feet and a maximum contiguous space of 750 square feet, providing flexibility for different business needs and expansion potential. The property is classified as commercial retail with multiple tenancy options. Its strategic location in New York City offers unparalleled access to high foot traffic and a diverse customer base. The address, 179 Church Street, places the property within easy reach of public transportation and numerous amenities. This is an ideal location for businesses seeking high visibility and a strong presence in a bustling urban environment. The entire 2,100 square feet is available for lease, presenting a unique chance to establish a significant retail presence in a prime New York City location. Interested parties are encouraged to inquire for further details and leasing options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -74.0072
    Latitude
    40.7156

    Comparable in this City

    • Value Estimation by Request
      3,717 SF

      157 Chambers St

      Retail properties & Spaces • 3,717 SF
      157 Chambers St, New York, NY 10007
      View Details
    • Value Estimation by Request
      20,865 SF

      258 Broadway

      Retail properties & Spaces • 20,865 SF
      258 Broadway, New York, NY 10007
      View Details
    • Value Estimation by Request

      153 Chambers St

      Individual retail properties
      153 Chambers St, New York, NY 10007
      View Details
    • Value Estimation by Request

      148 Chambers St

      Retail properties & Spaces
      148 Chambers St, New York, NY 10007
      View Details
    • Value Estimation by Request
      100,000 SF

      100 Church St

      Individual retail properties • 100,000 SF
      100 Church St, New York, NY 10007
      View Details
    • Value Estimation by Request
      3,000 SF

      52 Warren St

      Medical Office Space • 3,000 SF
      52 Warren St, New York, NY 10007
      View Details

    Similar Nearby for Sale

    • $5,500,000
      3,495 SF

      Retail Space in Luxury Condominium

      3,495 SF retail space with 125 feet of frontage.
      100 Chambers St, New York, NY 10007
      View Details
    • $8,000,000

      Prime Commercial Space in Downtown

      34,737 SF commercial space with high visibility and foot traffic.
      15 Park Row, New York, NY 10007
      View Details
    • Contact for pricing
      2,200 SF

      Tribeca Corner Retail Condos

      2,200 SF retail condos in Tribeca, 100% occupied.
      111 Murray St, New York, NY 10007
      View Details
    • Contact for pricing
      7,692 SF

      Prime Tribeca Development Opportunity

      Vacant corner lot in Tribeca with development potential.
      2 Thomas St, New York, NY 10007
      View Details
    • $500,000

      Commercial Land in New York

      Commercial land available in New York (Manhattan), NY 10007.
      67 Murray St, Manhattan, NY 10007
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,563 SF

      TriBeCa Restaurant Space Available

      Former Palm Restaurant with fully equipped kitchen and seating.
      200 Chambers St, New York, NY 10007
      View Details
    • Contact for pricing

      Loft-Style Office and Retail Space

      Office and retail spaces available in vibrant location.
      Broadway Canal St, New York, NY 10007
      View Details
    • Contact for pricing
      4,370 SF

      Tribeca Retail Space Available

      Retail space in Tribeca with high visibility and foot traffic.
      38 Warren St, New York, NY 10007
      View Details
    • Contact for pricing
      4,550 SF

      Tribeca Retail Space For Lease

      Ground floor retail space in Tribeca with flexible terms.
      28 Warren St, New York, NY 10007
      View Details
    • Contact for pricing
      1,056 SF

      Retail Space in Two Bridges

      Retail space suitable for community use in burgeoning Two Bridges.
      183 E Broadway, New York, NY 10007
      View Details
    • Contact for pricing
      1,700 SF

      Prime Retail Space in New York

      Retail space available in high-traffic New York location.
      25 Murray St, New York, NY 10007
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    179 Church St
    New York, NY 10007
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    179 Church St, New York, NY, 10007
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!