116 Macdougal St New York, NY 10012
Property profile & analytics
116 Macdougal St New York, NY 10012
- Retail residential properties
- 9,950 SF
- 0.06 lot acres
Property ID
US63-1333724
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
- Between the Bass / Music Venue / Theater & Performing Art Venue
- The Up & Up / Bar & Pub / Nightclub
- NYC Ink / Tattoo & Piercing Shop
- Insomnia Cookies / (Bike/Boat/Book/etc) Store / Bakery
- Alibi / Bar & Pub
Property Details for 116 Macdougal St
- Year built
- 1900
- Lot size
- 0.06 lot acres
- Property size
- 9,950 SF
- Zone code
- R7-2
- Property type
- Retail residential properties
- APN
- 00540-0007
- APU
- 5400007
Description
This exceptional investment opportunity presents two contiguous, five-story walk-up apartment buildings totaling 21,790 square feet, situated in the heart of Greenwich Village, New York City. Built in 1900, the property boasts 38 units, including 24 free-market apartments (63% of the total), and four established retail tenants. The combined residential and retail space offers significant upside potential, with current rents approximately 20% below market value. The strong, diversified income stream includes a mix of residential and retail tenants, such as a high-end cocktail bar, hookah lounge, tattoo parlor, and a national cookie franchise. The property benefits from its prime location, steps from Washington Square Park and New York University, ensuring high foot traffic and strong tenant demand. Convenient access to multiple subway lines (1, 2, A, B, C, D, E, N, Q, R, W, 4, 6) further enhances its appeal. The asking price is $17,500,000, with a current NOI of $902,400 and a pro-forma NOI of $1,165,000, representing a 5.16% cap rate. The property is zoned R7-2, C1-5, and is being offered for sale by owner. This presents a rare chance to acquire a well-maintained, income-producing asset in one of Manhattan's most desirable neighborhoods. The property has been under the same ownership for 28 years.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -74.0004
- Latitude
- 40.7297
- 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
$229,368
$167,400
$1,672,920
$1,840,320
-
$372,000
$3,705,000
$4,077,000
