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Property profile & analytics
OFF-MARKET Estimated value $230,000
Investment properties

166 8th Ave New York, NY 10011-1603

3,454 SF 0.05 ac lot Built 1920
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US63-6141111
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Total area 3,454 SF
Lot 0.05 ac (2,342 SF)
Zoning code C16A
APN 00768-0003
UPID US63-6141111
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
  • Citipups (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k
Owner & transaction history
8 18 LLC · 21 yrs held
8 18 LLC
since 2004
5 recorded transactions
2020
Price N/A
2004
$2.7M
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C16A · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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