Property profile

21 University Pl 1 New York, NY 10003

OFF-MARKET
Parking lots & garages
Property ID
US63-2507984
19,555 SF 1.01 ac lot Built 1955
Entity Owned 4-yr Hold Free & Clear
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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

Location

21 University Pl, Unit 1 New York, NY 10003-4512
New York metro Census 5900 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2021
Last sale
$16.2M
7 recorded transactions
2023
Price N/A
2021
$16.2M
2016
Price N/A
2006
$22.7M
2005
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C1-7 · 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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