166 8th Ave New York, NY 10011-1603
This exceptional retail space, located at 166 Eighth Avenue in the vibrant Chelsea submarket of New York County, presents a unique investment opportunity. The property is a single-tenant space encompassing 2,000 square feet, currently occupied. The tenant, CitiPups, occupies the main retail area, which is in good condition and features existing black iron fixtures installed by a previous tenant. A significant advantage is the inclusion of a 1,500 square foot basement, providing ample storage capacity. This substantial storage area significantly enhances the functionality and value of the property. The space is well-suited for a variety of retail uses, benefiting from its prime location within the bustling Chelsea neighborhood. Gas service is available on-site. The property's strong tenant occupancy and desirable location make it an attractive investment prospect for discerning buyers seeking a stable, income-generating asset in a high-demand area. The single-tenant occupancy simplifies management and minimizes vacancy risks. This turnkey retail space offers immediate income potential and long-term growth opportunities in a thriving New York City market. The combination of size, location, and existing infrastructure makes this property a compelling opportunity for investors seeking a strong return on investment. Serious inquiries are encouraged.
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Citipups (Bike/Boat/Book/etc) Store Pet Store & Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C16A · New York, NYCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.