111 Murray St Ste New York, NY 10007-2469
Property profile & analytics
111 Murray St Ste New York, NY 10007-2469
- Retail space
- 823 SF
Property ID
US63-5448903
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.
Location Intelligence
Current Use by Public Records
- 111 Murray Sales Gallery / Condominium Complex / Real Estate Agency
- Brooklyn Bread Cafe / Take-out & Catering
- POOCHi / Dog Walker / Pet Sitter
- Vicky Lee Piano / Tutoring Service
Property Details for 111 Murray St Ste
- Year built
- 2016
- Property size
- 823 SF
- Zone code
- C6-4
- Property type
- Retail space
- APN
- 00142-1803
- APU
- 1421803
Description
This exceptional investment opportunity presents two retail condos totaling 2,700 square feet, situated in a brand-new luxury high-rise building at 111 Murray Street in New York City's coveted Tribeca neighborhood. Currently 100% occupied with two separate tenants under a gross lease, this property boasts a strong net operating income (NOI) of $188,567, yielding a 6.5% capitalization rate. The asking price is $2,900,000, translating to a price per square foot of $1,074.07. Each condo benefits from a 10-year lease term with 10 years remaining. The property's prime corner location provides excellent visibility and accessibility, further enhanced by a rare outdoor plaza ideal for tenant use. This is a unique opportunity to acquire a multi-tenant retail property in a highly desirable location with a proven track record of occupancy and strong financial performance. Annual lease increases are built into the existing agreements, ensuring consistent income growth. The property is classified as QSR/Fast Food, Restaurant, and Storefront. This offering presents a compelling investment opportunity for discerning buyers seeking a stable, high-performing asset in a prime New York City location.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,080,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -74.0126
- Latitude
- 40.7154
- 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
$17,172
$34,270
$127,851
$162,121
-
$76,156
$311,781
$387,937
