271 10th St New York, NY 10009-4821
Entity Owned
3-yr Hold
Free & Clear
Estimated value (blended)
$5.18M
Range $4.66M – $5.69M (±10%)
Implied cap rate
5.60%
In-place · NOI ÷ last sale
Property ID
US63-2170245
Property summary
AI-generated overview
This exceptional retail opportunity is located at 271 East 10th Street, between 1st Avenue and Avenue A, in the vibrant East Village of Manhattan, New York County, NY 10009. The property offers a total of 600 square feet of commercial space, currently entirely vacant and available for lease. The building is comprised of two separate suites, each measuring 300 square feet. This allows for flexibility, accommodating either a single tenant seeking 600 square feet or two separate tenants requiring 300 square feet each. The minimum leasable space is 300 square feet, and the maximum contiguous space available is also 300 square feet. This prime location in the East Village offers high foot traffic and excellent visibility, making it ideal for a variety of retail businesses. The property's address is 271 E 10th St, New York, NY 10009. Its coordinates are 40.72837 latitude and -73.9829854 longitude. This is a rare chance to secure a well-situated retail space in one of Manhattan's most sought-after neighborhoods. The property is classified as retail commercial space with multiple tenancy. Serious inquiries are encouraged.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1900
Total area
9,035 SF
Lot
0.05 ac (2,369 SF)
Zoning code
R8B
APN
00438-0042
UPID
US63-2170245
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
-
Event Planning Wedding Service
-
Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.24M
CAP Approach
CAP
$4.43M
Comparable Approach
Comparable
$6.95M
Blend (final)
Blend
$5.18M
Owner & transaction history
since 2023
Last sale
$5.5M
2 recorded transactions
Zoning & alternative use
R8B · New York, NY
Top alternative use upside
Warehouse, storage
$7.4M
+29.3%
Office building
$5.8M
+1.1%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 11 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$5.18M
Value range
$4.66M – $5.69M
±10% around blend
Estimated value / SF
$573 / SF
Confidence
High
11 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
$4.66M
blend $5.18M
$5.69M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,035 SF
Lot area
0.05 ac
Year built
1900
Stories
5
APN
00438-0042
Assessed value
$1,060,830
Annual tax
$113,418
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.43M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.80M
@ 6.5% CAP return
$4.43M
@ 7% CAP return
$4.12M
4
Sales comparison
Partial preview
Sales approach indication
$7.73M
Weighted, 11 comps · high confidence
Evidence
11 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.1 mi away · 11,310 SF
0.3 mi away · 7,166 SF
0.5 mi away · 8,133 SF
0.6 mi away · 9,565 SF
0.6 mi away · 8,899 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.18M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 61 sales
$632
-9%
Submarket 1320 sales
$725
-21%
County 1319 sales
$722
-21%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $573/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Warehouse, Storage
Gross theoretical uplift
+29%
vs current-use indication
Office Building
Commercial (general) · current use
Apartment House (5+ Units)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 11 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
5.60%
Implied, in-place cap rate for this retail residential properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.60%
9.0%
NOI (est.)
$382k *
Last sale · Apr 2023
$5.45M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$6.81M
Move the market yield to see immediate price impact.
Value / SF
$754
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.10%5.60%6.10%
$343k
$6.73M
$6.13M
$5.63M
$382k
$7.48M
$6.81M
$6.25M
$420k
$8.23M
$7.49M
$6.88M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
11 found
High confidence · county-verified
Closest comparable
$7.08M
0.1 mi · Feb 2026 · $920/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$113,418
Tax year 2024
Assessed value
$1,060,830
Assessed 2024
Previous assessed
$1,087,200
-2.4% YoY
Effective rate
10.69%
On assessed value
Assessed land
$53,550
Assessed improvement
$1,007,280
Land market value
$119,000
Improvement market value
$1,897,000
Total market value
$2,016,000
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
5
Units
20
Total area
9,035 SF
Lot
0.05 ac (2,369 SF)
Zoning code
R8B
APN
00438-0042
UPID
US63-2170245
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R8B · New York, NYZoning R8B · permitted uses
R8B · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
5
Buildings
1
Units
20
Lot
0.05 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R8B
Jurisdiction
New York, NY
Recorded code
R8B
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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