Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    20 University Pl New York, NY 10003
    Back to Search
    Property profile & analytics

    20 University Pl New York, NY 10003

    View on Map
    • Retail properties & Spaces
    • 41,258 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • MoneyGram / Bank / Credit Union
    • Santander Bank ATM / Atm
    • Melissa Eng / Pharmacy
    • Julie Mai / Pharmacy
    • UPS Access Point location / Courier Service / Postal Service

    Property Details for 20 University Pl

    Property size
    41,258 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional 41,258 square foot mixed-use building at 20 University Place in New York City's vibrant Greenwich Village offers a unique investment opportunity. Currently fully vacant, this property presents 10 individual suites available for lease, ranging from a minimum of 877 square feet to a maximum contiguous space of 9,575 square feet. The building's classification includes retail, office, and medical office space, making it suitable for a diverse range of tenants. Its prime location in New York County, with a 10003 zip code, ensures high visibility and accessibility. The flexible space allows for customization to meet individual business needs, catering to both smaller practices and larger organizations. This multi-tenant building provides a chance to establish a thriving medical practice or other compatible businesses in a highly desirable area. The property's size and layout offer significant potential for growth and profitability. Interested parties are encouraged to inquire about lease terms and availability. The building is situated at 40.7318725 latitude and -73.9947946 longitude.

    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
    -73.9948
    Latitude
    40.7319

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      17-23 Saint Marks Pl

      Lifestyle centers • 1,800 SF
      17-23 Saint Marks Pl, New York, NY 10003
      View Details
    • Value Estimation by Request
      2,180 SF

      813-815 Broadway

      Individual retail properties • 2,180 SF
      813-815 Broadway, New York, NY 10003
      View Details
    • Value Estimation by Request

      61 Irving Pl

      Office Units
      61 Irving Pl, New York, NY 10003
      View Details
    • Value Estimation by Request
      1,112 SF

      303 2Nd Ave

      Medical Office Space • 1,112 SF
      303 2Nd Ave, New York, NY 10003
      View Details
    • Value Estimation by Request
      1,500 SF

      125 5Th Ave

      Medical Office Space • 1,500 SF
      125 5Th Ave, New York, NY 10003
      View Details
    • Value Estimation by Request
      1,529 SF

      16 12Th St

      Individual retail properties • 1,529 SF
      16 12Th St, New York, NY 10003
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,250 SF

      Historic Ladies' Mile Mixed-Use Property

      Historic property in Ladies' Mile District with multiple permitted uses.
      21 E 17Th St, New York, NY 10003
      View Details
    • Contact for pricing
      11,125 SF

      Vacant Retail/Medical/Office Opportunity

      Vacant property suitable for retail, medical, or office use.
      21 E 17Th St, New York, NY 10003
      View Details
    • Contact for pricing

      East Village Mixed-Use Redevelopment Opportunity

      Two adjacent mixed-use buildings in the East Village for sale.
      100 E 4Th St, New York, NY 10003
      View Details
    • Contact for pricing
      1,920 SF

      Retail Space in Luxury Development

      Retail space at the base of a new residential development.
      118 E 1Th St, New York, NY 10003
      View Details
    • Contact for pricing
      2,313 SF

      Leased Retail Condominium, Greenwich Village

      Leased 2,313 SF retail condominium in Greenwich Village.
      64 University Pl, New York, NY 10003
      View Details
    • Contact for pricing
      2,200 SF

      Retail Building in Union Square

      Two-story, 4,200 SF retail building in Union Square.
      3 E 17Th St, New York, NY 10003
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,963 SF

      Retail Space Near Subway Station

      Retail space at base of luxury condominium building.
      2551 Broadway, New York, NY 10003
      View Details
    • Contact for pricing
      1,700 SF

      Retail Space in High-Traffic Area

      Retail space in a dense residential area near transportation.
      405 3Rd Ave, New York, NY 10003
      View Details
    • Contact for pricing
      955 SF

      Union Square Retail Space Available

      Prime retail space near Union Square Park and subway.
      10 Irving Pl, New York, NY 10003
      View Details
    • Contact for pricing
      9,200 SF

      Broadway Retail Space Available

      9,200 SF retail space with rooftop and backyard.
      4910 Broadway, New York, NY 10003
      View Details
    • $13,000 /Mo
      1,500 SF

      East Village Retail Space Available

      Prime retail space in the East Village for lease.
      66 2Nd Ave, New York, NY 10003
      View Details
    • Contact for pricing
      2,100 SF

      East Village Retail Space Available

      New construction retail space in the heart of East Village.
      438 E 12Th St, New York, NY 10003
      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.
    20 University Pl
    New York, NY 10003
    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
    20 University Pl, New York, NY, 10003
    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!