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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Flex space
415 13th St Fl 2s, New York, NY 10014-1109
Entity Owned
17-yr Hold
Free & Clear
Property ID
US63-4274145
Property summary
AI-generated overview
This exceptional 5,100-square-foot turnkey restaurant and bar is ideally situated in the vibrant Meatpacking District of New York City, at 415 W 13th St, zip code 10014. Located within New York County's West Village submarket cluster, this single-tenant property boasts a high-end buildout, complete with two fully-stocked bars and a striking 15-foot exposed ceiling. The space is fully vented, ensuring efficient and compliant operation. A valuable liquor license is included in the sale, eliminating a significant hurdle for prospective owners. The property benefits from exceptionally high foot traffic, a testament to its prime location within this sought-after neighborhood. Further enhancing its appeal, the restaurant includes outdoor seating, providing additional capacity and ambiance. This is a rare opportunity to acquire a fully operational, high-performing establishment in one of Manhattan's most dynamic and desirable areas. The monthly rent is $85,000. This turnkey operation is ready for immediate occupancy and offers significant potential for continued success.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1900
Total area
11,262 SF
Zoning code
M1-5
APN
00646-1002
UPID
US63-4274145
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
-
Affirmation Arts Art Gallery
-
CANALI Corporate Office
-
412 Association LLC Association Or Organization
-
Bumble and bumble. Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.54M
Owner & transaction history
Canali USA INC · 17 yrs held
Canali USA INC
since 2009
3 recorded transactions
Zoning & alternative use
M1-5 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New York submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New York submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$137 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$325,515
Tax year 2024
Assessed value
$3,073,211
Assessed 2024
Previous assessed
$3,136,799
-2.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$174,656
Assessed improvement
$2,898,555
Land market value
$388,125
Improvement market value
$7,212,000
Total market value
$7,600,125
Applied tax rate
4.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
1
Stories
8
Units
1
Total area
11,262 SF
Zoning code
M1-5
APN
00646-1002
UPID
US63-4274145
Jurisdiction
NEW YORK(MANHATTAN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-5 · New York, NY
Zoning M1-5 · permitted uses
M1-5 · New York, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New York. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
8
Buildings
1
Units
1
Current owner
From public records · entity-resolved
Canali USA INC
Entity
Free & Clear · 17 yrs held
Mailing address
415 W 13TH ST FL #2, NEW YORK, NY 10014-1114
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2009
$10,600,000
Canali USA INC
Quikstart INC
Grant Deed
—
Dec 12, 2008
$10,000,000
Quikstart INC
257b LLC
Grant Deed
—
Apr 28, 2008
—
257b LLC
Sperone Westwater INC
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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