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224 18th Stcomm New York, NY 10011-4556

OFF-MARKET Retail space Google Maps
1,004 SF
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$275k
Range $248k – $303k (±10%)
Property ID US63-3750727

Property summary

AI-generated overview

This exceptional 1,000-square-foot retail space is ideally situated at 224 West 18th Street in the vibrant West Village neighborhood of New York City, New York County. The property is a single-tenant space, offering complete control and flexibility for the prospective lessee. The entire 1,000 square feet is currently vacant, presenting a blank canvas for a new business venture. This prime location within New York County offers unparalleled access to a dense population and high foot traffic, making it an attractive opportunity for a variety of retail uses. The property's address, 224 West 18th Street, places it within a thriving commercial corridor known for its unique character and blend of established businesses and new ventures. The zip code is 10011. This presents a rare opportunity to establish a presence in one of Manhattan's most sought-after neighborhoods. The property is classified as retail commercial real estate. The building's total square footage is 1,000 square feet, all of which is currently available for lease. This turnkey space is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to inquire further to explore the possibilities this exceptional location offers. The property is located at latitude 40.741402 and longitude -73.999259.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 1,004 SF
Zoning code C62A
APN 00767-1301
UPID US63-3750727

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
  • (Bike/Boat/Book/etc) Store
  • Apartment Building
  • Condominium Complex
  • Hospital
  • Real Estate Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$858k
Blend (final) Blend
$275k

Owner & transaction history

Zoning & alternative use

C62A · New York, NY
Top alternative use upside
Commercial (general) $1.2M +37.2%

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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