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    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

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      201 7th Ave

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      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

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    163 8Th Ave
    New York, NY 10011
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    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
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