Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    219 16Th St New York, NY 10011

    • Retail properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apposit / Software Company

    Property Details for 219 16Th St

    Property type
    Retail properties

    Description

    This 700-square-foot retail space, located at 219 W 16th St in New York, NY 10011, presents a unique opportunity in the vibrant Chelsea neighborhood. Currently configured as a turnkey hair salon, the property boasts a highly desirable street-facing location, ensuring excellent visibility and foot traffic throughout the day and night. The strategic placement within Chelsea places it amidst a concentration of upscale residential buildings and popular restaurants, creating a strong customer base. The interior layout is well-designed and efficient, featuring three styling stations, two shampooing stations, and a spacious storage room. This ready-to-operate business offers immediate income potential for a savvy investor or entrepreneur seeking a well-established presence in a prime location. The property is a single-tenant retail space, offering simplicity and control. Interested parties should inquire for details regarding viewing arrangements and lease terms. This is an exceptional opportunity to acquire a thriving business in a highly sought-after area of Manhattan.

    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
    Saratoga
    State
    New York
    Longitude
    -73.9997
    Latitude
    40.7403

    Comparable in this City

    • Value Estimation by Request

      16Th St

      Restaurants
      0 16Th St, New York, NY 10011
      View Details
    • Value Estimation by Request
      3,300 SF

      358 23Rd St

      Restaurants • 3,300 SF
      358 23Rd St, New York, NY 10011
      View Details
    • Value Estimation by Request
      1,724 SF

      124 18Th St

      Retail properties • 1,724 SF
      124 18Th St, New York, NY 10011
      View Details
    • Value Estimation by Request

      225 19Th St

      Restaurants
      225 19Th St, New York, NY 10011
      View Details
    • Value Estimation by Request
      4,576 SF

      New York Ny

      Restaurants • 4,576 SF
      0 New York Ny, New York, NY 10011
      View Details
    • Value Estimation by Request
      4,000 SF

      4-6 14Th St

      Office Properties & Spaces • 4,000 SF
      4-6 14Th St, New York, NY 10011
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,250 SF

      220 16Th St

      Multifamily properties • 6,250 SF
      220 16Th St, New York, NY 10011
      View Details
    • $4,500,000
      4,200 SF

      Chelsea Retail Condo: Prime Location

      4,200 SF Retail Condo, Owner/User
      140 22Nd St, New York, NY 10011
      View Details
    • $5,250,000
      2,850 SF

      Chelsea Mixed-Use Investment

      Prime Chelsea location, high NOI, value-add potential.
      94 8Th Ave, New York, NY 10011
      View Details
    • $2,195,000
      3,300 SF

      Manhattan Commercial Space: Restaurant/Warehouse

      Prime Chelsea location, 3,300 sq ft, restaurant-ready.
      358 23Rd St, New York, NY 10011
      View Details
    • $2,500,000
      1,724 SF

      Chelsea Retail Condo - $2.5M

      1,724 SF Retail Condo, 100% Occupied
      124 18Th St, New York, NY 10011
      View Details
    • $14,995,000
      12,320 SF

      West Village Mixed-Use Gem

      Historic townhouse, prime location, value-add opportunity
      241 14Th St, New York, NY 10011
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,535 SF

      Prime NYC Retail Space Available

      Two Suites, 1,550-1,985 SF
      494 Avenue Of The Americas, New York, NY 10011
      View Details
    • $299 SF/Yr
      721 SF

      Prime Chelsea Retail Space

      721 sq ft, High Traffic, Ground Floor
      66 7Th Ave, New York, NY 10011
      View Details
    • Contact for pricing
      9,030 SF

      Prime West Village Retail Space

      9,030 SF, Two Suites Available
      50 17Th St, New York, NY 10011
      View Details
    • $299 SF/Yr
      721 SF

      Chelsea Retail Space: Prime NYC Location

      721 sq ft Retail Space, High Traffic
      66 7Th Ave, New York, NY 10011
      View Details
    • Contact for pricing
      10,844 SF

      Prime NYC Retail Space, 14th St.

      10,844 SF Retail, Two Suites Available
      132 14Th St, New York, NY 10011
      View Details
    • Contact for pricing
      10,099 SF

      Prime West Village Retail Space

      10,099 SF Available, Multiple Units
      425 18Th St, New York, NY 10011
      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.
    219 16Th St
    New York, NY 10011
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.