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    130 7Th St New York, NY 10009
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    Property profile & analytics

    130 7Th St New York, NY 10009

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    • Mixed-use properties
    • 16,581 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Avea Pilates / Gym & Fitness Center
    • Instant Noodle Factory Downtown / Restaurant
    • Incipet / (Bike/Boat/Book/etc) Store / Corporate Office
    • Maul Street / Transit Station
    • University of the Streets Inc / College / University

    Property Details for 130 7Th St

    Property size
    16,581 SF
    Property type
    Mixed-use properties
    Property subtype
    Apartment buildings

    Description

    This exceptional mixed-use property, located at 130 East 7th Street in New York, NY 10009, presents a lucrative investment opportunity. The seven-story building boasts 16,581 square feet and features eight units, all finished to condo-level standards and showcasing floor-to-ceiling windows. A significant advantage is the building's impressive 123-foot wraparound frontage on the southwest corner of Avenue A and East 7th Street, directly across from Tompkins Square Park, offering unparalleled visibility and desirability. The building includes a two-story penthouse with a private landscaped roof deck. The property also benefits from distinguished retail tenants occupying the ground floor space under long-term leases with a strong historical performance record. The asking price is $19,750,000, translating to $1,191.12 per square foot. This corner elevator building is situated in the heart of Manhattan's coveted East Village, a vibrant and highly sought-after residential neighborhood. This property offers a unique blend of luxury residential units and established retail space, promising strong rental income and significant appreciation potential. The building's prime location and high-quality finishes make it an exceptional investment opportunity in a thriving market.

    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
    -73.984
    Latitude
    40.7261

    Comparable in this City

    • Value Estimation by Request
      5,956 SF

      121 7Th St

      Multifamily properties • 5,956 SF
      121 7Th St, New York, NY 10009
      View Details
    • Value Estimation
      $3,570,000
      11,550 SF

      278 10th St

      APARTMENT HOUSE (5+ UNITS) • 11,550 SF
      278 10th St, New York, NY 10009-4857
      View Details
    • Value Estimation
      $5,890,000
      18,534 SF

      256-258 10th St

      APARTMENT HOUSE (5+ UNITS) • 18,534 SF
      256-258 10th St, New York, NY 10009
      View Details
    • Value Estimation
      $5,245,000
      21,957 SF

      141 Ave D D

      APARTMENT HOUSE (5+ UNITS) • 21,957 SF
      141 Ave D D, New York, NY 10009
      View Details
    • Value Estimation
      $4,235,000
      610,785 SF

      152 Ave D D

      APARTMENT HOUSE (5+ UNITS) • 610,785 SF
      152 Ave D D, New York, NY 10009-4344
      View Details
    • Value Estimation
      $2,975,000
      9,180 SF

      25 Ave C C

      APARTMENT HOUSE (5+ UNITS) • 9,180 SF
      25 Ave C C, New York, NY 10009-7897
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in New York

      Single tenant retail space available for rent in New York.
      199 East 4Th St, New York, NY 10009
      View Details
    • Contact for pricing

      Versatile Retail/Office Space Available

      800 SF ground floor space suitable for various businesses.
      530 E 13Th St, New York, NY 10009
      View Details
    • Contact for pricing
      4,400 SF

      Retail Space in New York

      Retail space available for lease in New York, NY.
      50 Avenue A, New York, NY 10009
      View Details
    • Contact for pricing
      500 SF

      East Village Retail Space Available

      Prime East Village retail space with high foot traffic.
      38 Avenue B, New York, NY 10009
      View Details
    • Contact for pricing
      3,700 SF

      Retail Space in Prime Location

      Retail space available for rent with existing infrastructure.
      251 E 2Nd St, New York, NY 10009
      View Details
    • Contact for pricing
      1,100 SF

      East Village Corner Retail Space

      Retail space with high exposure in the East Village.
      73 Avenue C, New York, NY 10009
      View Details
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    New York, NY 10009
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    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
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