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    Property profile & analytics
    OFF-MARKET Estimated value $1,090,000
    Investment properties

    405 6th St, New York, NY 10009-6303

    4,872 SF 0.04 ac lot Built 1899
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US63-3088754
    Property summary
    AI-generated overview

    This exceptional 1,800-square-foot retail space is located at 405 E Sixth St in the vibrant East Village submarket of Manhattan, New York County. The property is a single-tenant retail building, offering a unique opportunity for a business seeking a high-visibility location within a densely populated and highly trafficked area. The building's size provides ample space for a variety of retail uses, allowing for creative layout and design to maximize the potential of the space. Its prime location within the East Village ensures high foot traffic and excellent exposure to a diverse customer base. The property's single-tenant occupancy simplifies management and provides a stable income stream for investors. This is an ideal investment for entrepreneurs looking to establish a strong presence in a thriving New York City neighborhood or for investors seeking a stable, income-generating asset in a prime location. The property's classification as both retail and multi-family suggests potential for mixed-use development, subject to applicable zoning regulations and approvals. Further due diligence is recommended to explore all potential uses and development opportunities. This property presents a rare chance to acquire a well-situated retail space in one of Manhattan's most sought-after neighborhoods. Serious inquiries only.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1899
    Total area 4,872 SF
    Lot 0.04 ac (1,953 SF)
    Zoning code R7A
    APN 00434-0055
    UPID US63-3088754
    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
    Current use
    Occupant on record · Public records
    • Caravan Of Dreams Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.09M
    Owner & transaction history
    405 East 6th Cc Owner LLC · 4 yrs held
    405 East 6th Cc Owner LLC
    since 2022
    7 recorded transactions
    2022
    2021
    $4.0M
    2021
    2004
    1969
    1969
    1969
    Zoning & alternative use
    R7A · New York, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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