5 Lispenard St New York, NY 10013-3099
Property profile & analytics
5 Lispenard St New York, NY 10013-3099
- Retail residential properties
- 4,775 SF
- 0.03 lot acres
Property ID
US63-2591300
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.
Location Intelligence
Current Use by Public Records
- Alexis Holroyde / Veterinary Clinic
- Tommy Flynn Productions Inc / (Bike/Boat/Book/etc) Store / Photography Service
- sliced open. tommy flynn / Photography Service / (Bike/Boat/Book/etc) Store
- Rhein Alison DVM / Veterinary Clinic
Property Details for 5 Lispenard St
- Year built
- 1915
- Lot size
- 0.03 lot acres
- Property size
- 4,775 SF
- Zone code
- C62A
- Property type
- Retail residential properties
- APN
- 00211-0014
- APU
- 2110014
Description
This exceptional Tribeca mixed-use property at 5 Lispenard Street presents a compelling value-add opportunity. The three-story building, constructed in 1915, offers a total of 5,000 square feet, currently 100% vacant, and comprises one ground-floor retail unit (approximately 3,000 square feet, previously a veterinary office) and two residential units (approximately 1,000 square feet each) on the upper floors. The property sits on a 1,500 square foot lot and benefits from an additional 4,000 square feet of available air rights, under the C6-2A zoning designation. This allows for significant redevelopment potential, with the possibility of expanding the existing footprint. The building's prime location in the desirable Tribeca neighborhood offers unparalleled access to public transportation, including the A, C, E, 1, 4, 5, 6, N, Q, R, and W subway lines, all within a short walk. Its proximity to Canal Street, West Broadway, and Church Street places it at the heart of Tribeca's vibrant commercial and residential scene, near the West Side Highway and the Roxy Hotel. This property is ideal for investors seeking a flexible investment strategy, allowing for redevelopment, conversion, or value-add opportunities, catering to both commercial and residential uses. The building's vacant status provides immediate opportunity for customization and tenant selection, maximizing potential returns.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,535,000
- 6.5%
- $2,340,000
- 7%
- $2,175,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -74.0048
- Latitude
- 40.7206
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$51,677
$81,000
$406,890
$487,890
-
$180,000
$951,000
$1,131,000
