30 8th Ave New York, NY 10014
This exceptional Greenwich Village property, located at 30-32 8th Avenue, presents a unique redevelopment opportunity. The 5,227 square foot, four-story building, constructed in 1841, currently operates as a 12-room boutique hotel with 12 keys. Boasting a nearly 40-foot-wide red brick façade, the property offers outstanding street presence and abundant natural light. The building features architectural details including a grand parlor floor with 12-foot ceilings and large windows, wood-burning fireplaces, and an English basement with backyard access. Breathtaking views of Greenwich Village are visible from the upper floors. An additional 798 square feet of unused air rights provide significant potential for expansion or customization. The property is zoned C1-6 and is situated in a prime location, within walking distance of Chelsea Market, Google, Soho House, the Whitney Museum, the Highline Park, the Meatpacking District, and multiple subway stations. The asking price is $11,500,000, translating to $2,200.11 per square foot. The property can be delivered vacant, allowing for immediate implementation of redevelopment plans. The building consists of two structures. Legal Airbnb operation is possible. This presents a rare chance to acquire a landmark Greenwich Village property with substantial upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1-6 · New York, NYNew York. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.