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Property profile & analytics
OFF-MARKET
Residential income homes

30 8th Ave New York, NY 10014

1,624 SF 0.01 ac lot Built 1841
Entity Owned 12-yr Hold Free & Clear
Property ID
US63-3669099
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Residential income homes
Use group BOARDING/ROOMING HOUSE
Year built 1841
Total area 1,624 SF
Lot 0.01 ac (571 SF)
Zoning code C1-6
APN 00625-0054
UPID US63-3669099
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Jane 8 LLC · 12 yrs held
Jane 8 LLC
since 2013
1 recorded transaction
2013
$5.5M
Zoning & alternative use
C1-6 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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