Property profile

21 Orch St New York, NY 10002

OFF-MARKET
Office Spaces
Property ID
US63-2162080
3,125 SF 0.02 ac lot Built 1900
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,000-square-foot creative office space is situated on the second floor of 21 Orchard Street, in the heart of New York County's Lower East Side. The property is a single-tenant space, perfect for a business seeking a vibrant and inspiring work environment. The space boasts abundant natural light, enhancing productivity and creating a welcoming atmosphere. Two split HVAC units ensure efficient and comfortable climate control throughout the year. Beyond the immediate office space, tenants enjoy access to a shared rooftop lounge offering stunning city views – a unique amenity perfect for relaxation or informal meetings. The building's location on Orchard Street places you within a dynamic neighborhood known for its eclectic mix of art galleries, high-end boutiques, and a thriving culinary scene. This blend of historical charm and modern urban energy makes 21 Orchard Street an ideal location for businesses seeking a prestigious and convenient address. The property is classified as both retail and office space, and is currently configured as a creative office, though it could potentially suit traditional office needs as well. The Lower East Side's rich cultural history and its ongoing revitalization make this a highly desirable location for businesses of all types. This space offers a unique opportunity to establish a presence in one of Manhattan's most exciting and up-and-coming neighborhoods.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1900
Total area 3,125 SF
Lot 0.02 ac (879 SF)
Zoning code C6-2
APN 00299-0029
UPID US63-2162080

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing Store

Location

21 Orch St New York, NY 10002-6268
New York metro Census 1600 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.52M
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2020
1 recorded transaction
2020
Price N/A

Zoning & alternative use

C6-2 · New York, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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