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    Property profile & analytics
    OFF-MARKET Estimated value $565,000
    Retail space

    229 2nd St1a, New York, NY 10009-7070

    1,845 SF 0.05 ac lot Built 2008
    Entity Owned 8-yr Hold Free & Clear
    Property ID
    US63-4075518
    Property summary
    AI-generated overview

    This exceptional East Village commercial condo presents a unique owner-user opportunity. Located at 229 E 2nd St, New York, NY 10009, this property offers 1,850 square feet of versatile space, ideal for a variety of uses. The layout includes a 350-square-foot ground floor, perfect for a reception area or showroom, and a spacious 1,500-square-foot lower level, providing ample room for operations or storage. The property is ADA compliant, featuring an elevator and an ADA-accessible restroom. It's already equipped with existing Department of Education (DOE) school licenses, making it particularly well-suited for a daycare or similar educational facility. The space is currently vacant, presenting a blank canvas for a new owner to customize to their specific needs. The asking price is $999,999. This white-boxed space is ready for immediate occupancy and offers significant potential for a thriving business in a vibrant and desirable neighborhood. The property's existing infrastructure and licenses significantly reduce the time and cost associated with setting up a new business. This is a rare opportunity to acquire a turnkey commercial space in a prime East Village location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2008
    Total area 1,845 SF
    Lot 0.05 ac (2,075 SF)
    Zoning code R8A
    APN 00384-1401
    UPID US63-4075518
    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
    Current use
    Occupant on record · Public records
    • Juliano Barber Barber Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $565k
    Owner & transaction history
    229ny LLC · 8 yrs held
    229ny LLC
    since 2017
    2 recorded transactions
    2017
    2013
    $360,000
    Zoning & alternative use
    R8A · New York, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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