Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    26 Vesey St New York, NY 10007-2906

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    26 Vesey St New York, NY 10007-2906

    View on Map
    • Investment properties
    • 3,660 SF
    • 0.04 lot acres
    Off-Market
    Property ID
    US63-0854684
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,610,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Stage Door Pizzeria / Restaurant
    • Stage Door Delicatessen / Food Market / Restaurant

    Property Details for 26 Vesey St

    Year built
    1951
    Lot size
    0.04 lot acres
    Property size
    3,660 SF
    Zone code
    C5-3
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    00088-0008
    APU
    880008

    Description

    This exceptional investment opportunity presents a unique chance to acquire two fully operational and equipped restaurants in one building at 26 Vesey Street in Lower Manhattan, New York County, NY 10007. The property consists of a ground floor gourmet deli and a second-floor pizzeria, both fully furnished and equipped with state-of-the-art installations. Each restaurant is turnkey, ready for immediate operation. The building itself is a four-story structure, offering significant additional space. A fully equipped basement and sub-basement provide ample storage, multiple walk-in refrigerators and freezers, and additional prep kitchens. This prime location directly across from the Freedom Tower ensures high foot traffic from thousands of pedestrians and tourists daily. The total building square footage is not specified, but the two restaurants are fully operational and ready for a new owner. This is a rare opportunity to own a unique, established business in a highly desirable and iconic location. The property offers significant potential for growth and profitability due to its location and the turnkey nature of the businesses. This is a truly remarkable opportunity for an investor seeking a high-return investment in a vibrant and bustling area of New York City.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,945,000
      6.5%
      $1,795,000
      7%
      $1,665,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,650,000
      Current use
      OFFICE BUILDING
      $2,340,000
      Change: -12% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -74.0097
    Latitude
    40.7121
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $121,944
    $175,950
    $975,330
    $1,151,280
    -
    $391,000
    $2,826,000
    $3,217,000

    Comparable in this City

    • Value Estimation
      $1,865,000
      4,200 SF

      57 Murray St

      STORE/OFFICE (MIXED USE) • 4,200 SF
      57 Murray St, New York, NY 10007-2201
      View Details
    • Value Estimation
      $2,475,000
      13,820 SF

      179 Broadway

      STORE/OFFICE (MIXED USE) • 13,820 SF
      179 Broadway, New York, NY 10007-3101
      View Details
    • Value Estimation
      $5,805,000
      14,100 SF

      177 Broadway

      STORE/OFFICE (MIXED USE) • 14,100 SF
      177 Broadway, New York, NY 10007
      View Details
    • Value Estimation
      $2,185,000
      5,000 SF

      173 Broadway

      STORE/OFFICE (MIXED USE) • 5,000 SF
      173 Broadway, New York, NY 10007-3101
      View Details
    • Value Estimation
      $28,370,000
      49,109 SF

      21-25 Dey St

      STORE/OFFICE (MIXED USE) • 49,109 SF
      21-25 Dey St, New York, NY 10007
      View Details
    • Value Estimation
      $6,180,000
      16,500 SF

      79 Chambers St

      STORE/OFFICE (MIXED USE) • 16,500 SF
      79 Chambers St, New York, NY 10007-1824
      View Details

    Similar Nearby for Sale

    • $8,000,000

      Prime Commercial Space in Downtown

      34,737 SF commercial space with high visibility and foot traffic.
      15 Park Row, New York, NY 10007
      View Details
    • Contact for pricing
      7,692 SF

      Prime Tribeca Development Opportunity

      Vacant corner lot in Tribeca with development potential.
      2 Thomas St, New York, NY 10007
      View Details
    • $5,500,000
      3,495 SF

      Retail Space in Luxury Condominium

      3,495 SF retail space with 125 feet of frontage.
      100 Chambers St, New York, NY 10007
      View Details
    • Contact for pricing
      2,200 SF

      Tribeca Corner Retail Condos

      2,200 SF retail condos in Tribeca, 100% occupied.
      111 Murray St, New York, NY 10007
      View Details
    • Contact for pricing
      1,355 SF

      Tribeca Office Space For Sale

      Highly visible Tribeca office space with excellent signage opportunity.
      153 Chambers St, New York, NY 10007
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Contemporary Office Space in Tribeca

      Bright, modern office space in Manhattan's financial district.
      100 Church St, New York, NY 10007
      View Details
    • Contact for pricing
      2,028 SF

      Office Space in Historic Building

      2028 SF office space in a 28-story building.
      86 Chambers St, New York, NY 10007
      View Details
    • Contact for pricing
      4,500 SF

      Office Space with High Ceilings

      Office space featuring high ceilings and hardwood floors available for rent.
      79 Chambers St, New York, NY 10007
      View Details
    • Contact for pricing
      8,643 SF

      Office Space in New York

      Office space available for rent in New York, NY.
      11 Park Pl, New York, NY 10007
      View Details
    • Contact for pricing
      41,804 SF

      Class A Office Space Manhattan

      Landmarked office building in downtown Manhattan with 41,804 square feet.
      195 Broadway, New York, NY 10007
      View Details
    • Contact for pricing
      1,000 SF

      Modern Office Space Near Transit

      Office space with large windows and modernized elevators for rent.
      20 Vesey St, New York, NY 10007
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    26 Vesey St
    New York, NY 10007-2906
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!