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    Property profile & analytics
    OFF-MARKET Estimated value $13,950,000
    Parking lots & garages

    21 University Pl 1, New York, NY 10003-4512

    19,555 SF 1.01 ac lot Built 1955
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US63-2507984
    Property summary
    AI-generated overview

    This exceptional retail opportunity presents a fully vacant 3,868 square foot strip center located at 21 University Place in the vibrant heart of New York City, New York County. The property offers a flexible layout suitable for a variety of retail concepts, with space ranging from 2,000 to 4,000 square feet. Its prime location in the 10003 zip code provides unparalleled access to high foot traffic and a dense population of potential customers. The building's total square footage is 3,868 square feet, currently entirely available for lease. This presents a unique chance for a single tenant to occupy the entire space or for multiple tenants to collaborate in a shared environment. The property is classified as a retail strip center, indicating a design optimized for multiple retail businesses. Its address, 21 University Place, places it within a dynamic and bustling commercial area of New York City, offering excellent visibility and accessibility. This is an exceptional opportunity for businesses seeking a high-profile location in one of the world's most sought-after retail markets. The property's size and layout offer significant potential for customization and branding, allowing businesses to create a space that perfectly reflects their identity and needs. The property is situated at 40.7315893 latitude and -73.9944634 longitude.

    Property profile
    Verified
    Property type Parking lots & garages
    Use group PARKING GARAGE, PARKING STRUCTURE
    Year built 1955
    Total area 19,555 SF
    Lot 1.01 ac (43,996 SF)
    Zoning code C1-7
    APN 00560-1001
    UPID US63-2507984
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $10.01M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $11.05M
    Blend (final) Blend
    $13.95M
    Owner & transaction history
    East 9th Park LLC · 4 yrs held
    East 9th Park LLC
    since 2021
    Last sale
    $16.2M
    7 recorded transactions
    2023
    2021
    $16.2M
    2016
    2006
    $22.7M
    2005
    1969
    1969
    Zoning & alternative use
    C1-7 · New York, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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