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
    Property profile & analytics

    163 8Th Ave New York, NY 10011

    • Investment properties
    • 4,198 SF
    • 0.04 lot acres
    For Lease
    View listing
    Value Estimation
    $270,000
    Location Intelligence
    Property ID
    US63-2402644
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 163 8Th Ave

    Year built
    1901
    Lot size
    0.04 lot acres
    Property size
    4,198 SF
    Zone code
    C16A
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    00742-0035
    APU
    7420035

    Description

    This exceptional commercial property at 163 Eighth Avenue presents a rare opportunity in the vibrant Chelsea neighborhood. Located in the West Block between 18th and 19th Streets, this retail and restaurant space offers a total of 2,956 square feet, currently entirely vacant, providing immediate occupancy for a discerning tenant or investor. The property features two equally sized units, each boasting 1,478 square feet. Both units are situated on the ground floor and in the basement, offering versatile layout options. The space benefits from a desirable 14-foot frontage, ensuring high visibility and accessibility for customers. Nine-foot ceilings provide ample space and a comfortable atmosphere. The location is unparalleled, surrounded by established businesses including Valley Bank, The Joyce Theater, Shaffer's, and Starbucks, guaranteeing high foot traffic and a thriving commercial environment. The lease term is negotiable, with options ranging from 10 to 15 years. This is an exceptional opportunity to establish a presence in one of Manhattan's most sought-after neighborhoods. Rent is available upon request. The property's status is currently vacant, ready for immediate customization and occupancy. This prime location offers significant potential for a variety of retail, restaurant, or café concepts.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $240,000
      6.5%
      $260,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $290,000
      Geo Method
      $245,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $320,000
      Retail
      $315,000
      Mixed-Use
      $235,000
      Hospitality
      $245,000
      Educational
      $245,000
      Residential Income
      $270,000
      Energy
      $270,000
      Income-Based Land
      $230,000
      Food Service
      $235,000

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -74.0009
    Latitude
    40.7425
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $34,411
    $112,352
    $162,889
    $275,241
    -
    $1,325,000
    $1,921,000
    $3,246,000

    Comparable in this City

    • Value Estimation by Request
      15,418 SF

      160 8th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 15,418 SF
      160 8th Ave, New York, NY 10011-5109
      View Details
    • Value Estimation by Request
      6,252 SF

      36 9th St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,252 SF
      36 9th St, New York, NY 10011-8979
      View Details
    • Value Estimation by Request
      9,395 SF

      13 17th St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,395 SF
      13 17th St, New York, NY 10011-5502
      View Details
    • Value Estimation by Request
      3,700 SF

      201 7th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,700 SF
      201 7th Ave, New York, NY 10011-1851
      View Details
    • Value Estimation by Request
      7,719 SF

      58 9th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 7,719 SF
      58 9th Ave, New York, NY 10011-4968
      View Details
    • Value Estimation by Request
      5,055 SF

      24 Greenwich Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,055 SF
      24 Greenwich Ave, New York, NY 10011-8368
      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
    • $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
    • Contact for pricing
      11,550 SF

      Chelsea Mixed-Use Investment

      Prime NYC mixed-use, 11,550 SF
      131 14Th 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
    • $1,400,000
      3,556 SF

      Retail Condominium in Prime Location

      3,556 SF retail condo, ideal for childcare or boutique.
      12-16 E 13Th St, New York, NY 10011
      View Details
    • $1,695,000

      Apartment Building in New York

      Apartment building for sale in New York, NY.
      161 15Th St, New York, NY 10011
      View Details

    Similar Nearby for Lease

    • $67 SF/Yr
      2,325 SF

      19th St. Full Floor Loft Office

      Stunning full-floor loft office, 2,325 sq ft.
      137 19Th St, New York, NY 10011
      View Details
    • $192,000
      8,200 SF

      Chelsea Retail Space: Prime Location

      8,200 SF Retail Space Available in Chelsea
      143 19Th St, New York, NY 10011
      View Details
    • Contact for pricing
      5,000 SF

      West 18th Street Medical Office

      Prime NYC Medical Office Space, 5,000 SF
      0 18Th St, New York, NY 10011
      View Details
    • Contact for pricing
      1,200 SF

      Prime NYC Warehouse Space

      1,200 SF Warehouse - Manhattan
      743 6Th Ave, New York, NY 10011
      View Details
    • Contact for pricing
      2,150 SF

      Prime Manhattan Retail Space

      Flatiron District, 2,150 SF, Single Tenant
      7 19Th St, New York, NY 10011
      View Details
    • Contact for pricing
      800 SF

      Bar/Lounge/Speak-Easy Opportunity

      Prime location with outdoor green-space and high foot traffic.
      191-197 7Th Ave, 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.
    163 8Th Ave
    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 Estimation

    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.

    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.

    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
    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.