Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    31 20Th St New York, NY 10003

    Property Lookup

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

    31 20Th St New York, NY 10003

    View on Map
    • Flex space
    • 2,700 SF
    Off-Market
    Property ID
    US63-2120789
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Oyamada / Take-out & Catering / Catering Service

    Property Details for 31 20Th St

    Property size
    2,700 SF
    Property type
    Flex space

    Description

    This exceptional commercial property in the vibrant Flatiron District of New York City offers a rare opportunity to lease flexible space ideal for a variety of businesses. Located at 31 E 20th St, this 2,700 square foot building features two available suites, each divisible to a minimum of 900 square feet and with a maximum contiguous space of 1,800 square feet. The entire building is currently vacant, presenting a unique chance for a single tenant to occupy the entire space or for two separate businesses to establish themselves in this sought-after location. The property boasts a desirable 20-foot frontage on East 20th Street, ensuring high visibility and accessibility. The building's classification as both retail and industrial makes it suitable for a wide range of uses, including restaurants and other flex-space businesses. Situated in New York County, zip code 10003, this property benefits from the energy and convenience of a prime Manhattan location. The building's multiple suite configuration offers flexibility for businesses of varying sizes and needs. This is an exceptional opportunity to secure a prominent presence in one of New York City's most dynamic neighborhoods. Contact us today to learn more about leasing options and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9889528
    Latitude
    40.7389849

    Comparable in this City

    • Contact for pricing
      1,150 SF

      Broadway Retail Space Available

      Retail space for rent with high ceilings and foot traffic.
      3821-3837 Broadway, New York, NY 10003
      View Details
    • Contact for pricing
      1,019 SF

      Astor Place Retail/Restaurant Space

      Turn-key retail/restaurant space near Astor Place subway station.
      443 Lafayette St, New York, NY 10003
      View Details
    • Contact for pricing
      600 SF

      Turn Key Restaurant Space

      Restaurant space adjacent to Harvest Collegiate High School.
      18 E 14Th St, New York, NY 10003
      View Details
    • Contact for pricing

      East Village Restaurant Space Available

      Fully built-out restaurant space with fixtures and licenses in place.
      E 7Th St, New York, NY 10003
      View Details
    • Contact for pricing
      800 SF

      Washington Heights Retail or Restaurant

      800 SF retail or restaurant space near New York-Presbyterian.
      4121 Broadway, New York, NY 10003
      View Details
    • Contact for pricing
      1,000 SF

      Restaurant Space in Manhattan

      Vented restaurant space in prime Manhattan location.
      29 E 20Th St, New York, NY 10003
      View Details

    Similar Nearby for Sale

    • $150,000

      East Village Pizza Store

      Pizza store for sale in the heart of East Village.
      109 1St Ave, Manhattan, NY 10003
      View Details
    • Contact for pricing
      3,345 SF

      Manhattan Retail Condominium For Sale

      Prime retail condominium in Union Square, Manhattan, leased until 2035.
      137 E 13Th St, New York, NY 10003
      View Details
    • $22,500,000
      15,872 SF

      Renovated Retail Space in New York

      Recently renovated retail space in a cast iron building.
      112 4Th Ave, New York, NY 10003
      View Details
    • Contact for pricing
      7,389 SF

      Retail Space Near Union Square

      7,020 SF retail space with entrances on 4th Avenue and Broadway.
      808 Broadway, New York, NY 10003
      View Details
    • Contact for pricing
      2,722 SF

      Manhattan Retail Building For Sale

      Prime corner retail building in Washington Heights, delivered vacant.
      4311 Broadway, New York, NY 10003
      View Details
    • Contact for pricing

      East Village Mixed-Use Redevelopment Opportunity

      Two adjacent mixed-use buildings in the East Village for sale.
      100 E 4Th St, New York, NY 10003
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,150 SF

      Broadway Retail Space Available

      Retail space for rent with high ceilings and foot traffic.
      3821-3837 Broadway, New York, NY 10003
      View Details
    • Contact for pricing
      1,019 SF

      Astor Place Retail/Restaurant Space

      Turn-key retail/restaurant space near Astor Place subway station.
      443 Lafayette St, New York, NY 10003
      View Details
    • Contact for pricing
      600 SF

      Turn Key Restaurant Space

      Restaurant space adjacent to Harvest Collegiate High School.
      18 E 14Th St, New York, NY 10003
      View Details
    • Contact for pricing

      East Village Restaurant Space Available

      Fully built-out restaurant space with fixtures and licenses in place.
      E 7Th St, New York, NY 10003
      View Details
    • Contact for pricing
      800 SF

      Washington Heights Retail or Restaurant

      800 SF retail or restaurant space near New York-Presbyterian.
      4121 Broadway, New York, NY 10003
      View Details
    • Contact for pricing
      1,000 SF

      Restaurant Space in Manhattan

      Vented restaurant space in prime Manhattan location.
      29 E 20Th St, New York, NY 10003
      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.
    31 20Th St
    New York, NY 10003
    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

    Thank You for Inquiry

    31 20Th St, New York, NY, 10003

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!