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    OFF-MARKET
    Retail space

    16 12Th St, New York, NY 10003

    1,529 SF
    Property ID
    US63-0132560
    Property summary
    AI-generated overview

    This fee-simple retail condominium, located at 16 East 12th Street in Manhattan's coveted Greenwich Village, offers 1,529 square feet of vacant space, perfect for owner-users. The property boasts 20 feet of street frontage with excellent signage opportunities, and impressive 13'6" ceilings on the ground floor. The space includes an additional lower level, totaling 1,529 square feet of net rentable area. Renovated in 2015, this unit is ready for immediate occupancy and customization. Its flexible layout allows for diverse retail uses, catering to a variety of businesses. The building's prime location within a high-density residential and commercial area provides exceptional visibility and foot traffic. Nearby landmarks include prestigious universities (New York University, Cardozo Law School, The New School, Parsons School of Design), luxury apartment buildings, and the vibrant Union Square. Convenient access to multiple subway lines (4, 5, 6, L, N, Q, R, W) further enhances its appeal. This is a rare opportunity to acquire a well-positioned retail space in one of Manhattan's most desirable neighborhoods. The property is designated as Use Group 6 on the ground and lower levels.

    Property profile
    Verified
    Property type Retail space
    Total area 1,529 SF
    UPID US63-0132560
    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
    Current use
    Occupant on record · Public records
    • 16 Twelve Holdings Llc Holding Company
    • Richard Wingert, Mirador Real Estate Real Estate Agency
    • Mirador Real Estate Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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