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    FOR SALE
    Commercial real estate

    121 E 7Th St, New York, NY 10009

    5,956 SF
    Property ID
    US63-2048604
    121 E 7Th St, New York, NY 10009 For Sale 1 / 31
    $3,595,000 5,956 SF
    121 E 7Th St, New York, NY 10009
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    Property summary
    AI-generated overview

    This exceptional East Village property presents a unique value-add investment opportunity. Situated at 121 East 7th Street, between 1st Avenue and Avenue A, this 22' wide by 97.5' deep lot features a 5,956 square foot, three-story existing structure, currently vacant. The property benefits from a permitted R8B zoning designation and substantial air rights totaling 4,341 square feet, offering significant potential for conversion or new development. Its prime location, just half a block from Tompkins Square Park, provides unparalleled access to a vibrant neighborhood and excellent public transportation, including the 4, 5, 6, N, Q, R, and W subway lines. The existing structure, while currently vacant, provides a solid foundation for a variety of redevelopment projects. This is a rare chance to acquire a substantial property in one of Manhattan's most sought-after neighborhoods. The property's size, zoning, and location combine to create an exceptional opportunity for a savvy investor.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 5,956 SF
    UPID US63-2048604
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
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