21 Greenwich Ave New York, NY 10014-3598
This exceptional mixed-use property at 21 Greenwich Avenue (also known as 128 West 10th Street) presents a unique investment opportunity in the heart of Greenwich Village, New York, NY 10014. The vacant 2,158 square foot lot boasts significant frontage on both Greenwich Avenue (26.2 feet) and 10th Street (65 feet), offering unparalleled visibility and accessibility. The property is zoned C1-6, 12C, permitting a variety of development options. Approved plans from the Department of Buildings (DOB) and the Landmarks Preservation Commission (LPC) are included with the sale, streamlining the development process. This allows for the creation of a luxury townhouse with income-generating retail space, or a mixed-use building with residential and retail components, potentially including condominium conversion. The location is unsurpassed, surrounded by renowned restaurants and entertainment venues, and conveniently served by multiple subway lines (A, C, E, B, D, F, M, and PATH). This is a rare chance to acquire a prime development site in one of Manhattan's most desirable neighborhoods. The property's corner location and substantial frontage provide exceptional branding and marketing opportunities for any future development. This is a truly exceptional opportunity for a discerning buyer or developer seeking a high-impact project in a world-class location.
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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
C1-6 · 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.