Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    55 Greenwich Ave New York, NY 10014-2794
    Back to Search
    Property profile & analytics

    55 Greenwich Ave New York, NY 10014-2794

    View on Map
    • Retail residential properties
    • 4,660 SF
    • 0.02 lot acres
    Off-Market
    Property ID
    US63-1446180
    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
    $925,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Greenwich Ave Handyman Services / Hardware & Home Improvement / General Contractor
    • Ernest & Olivia / Barber Shop
    • Bluestone Lane Collective Café / Cafe & Coffee Shop
    • Rock & Rogue Gallery / Art Gallery

    Property Details for 55 Greenwich Ave

    Year built
    1940
    Lot size
    0.02 lot acres
    Property size
    4,660 SF
    Zone code
    C1-6
    Property type
    Retail residential properties
    APN
    00612-0057
    APU
    6120057

    Description

    This exceptional retail opportunity at 55 Greenwich Avenue in New York City presents two available commercial spaces ideal for restaurants or retail businesses. The property boasts a total of 1,243 square feet, currently entirely vacant and ready for immediate occupancy. Each suite offers flexibility, with a minimum divisible space of 500 square feet and a maximum contiguous space of 743 square feet. This allows for adaptability to various business needs and expansion potential. Located in the vibrant and highly trafficked Greenwich Village neighborhood, this property benefits from excellent visibility and foot traffic. The address, 55 Greenwich Avenue, places the property within a bustling commercial district, ensuring high exposure to potential customers. The building is situated in New York County, New York, with a convenient zip code of 10014. This is a rare chance to secure a prime retail location in one of Manhattan's most desirable neighborhoods. The property's multiple suite configuration offers a unique opportunity for either a single tenant seeking a larger space or two separate businesses looking for smaller, yet substantial, footprints. The entire 1,243 square feet is available for lease, providing a blank canvas for a creative and successful business venture. Don't miss this chance to establish your presence in this thriving area.

    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
    -74.0009
    Latitude
    40.7358
    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
    $102,931
    $90,267
    $733,050
    $823,317
    -
    $506,000
    $4,109,200
    $4,615,200

    Comparable in this City

    • Value Estimation
      $1,235,000
      6,220 SF

      65 8th Ave

      STORES & APARTMENTS • 6,220 SF
      65 8th Ave, New York, NY 10014-1201
      View Details
    • Value Estimation
      $3,865,000
      19,574 SF

      21 9th Ave

      STORES & APARTMENTS • 19,574 SF
      21 9th Ave, New York, NY 10014-1203
      View Details
    • Value Estimation
      $12,210,000
      25,542 SF

      29 7th S Ave, Unit 39

      STORES & APARTMENTS • 25,542 SF
      29 7th S Ave, New York, NY 10014-3938
      View Details
    • Value Estimation
      $740,000
      3,600 SF

      133 7th S Ave

      STORE/OFFICE (MIXED USE) • 3,600 SF
      133 7th S Ave, New York, NY 10014-3133
      View Details
    • Value Estimation
      $2,615,000
      13,287 SF

      52 Gansevoort St, Unit 58

      STORE/OFFICE (MIXED USE) • 13,287 SF
      52 Gansevoort St, New York, NY 10014-1401
      View Details
    • Value Estimation
      $1,780,000
      9,093 SF

      19 Greenwich Ave

      STORES & APARTMENTS • 9,093 SF
      19 Greenwich Ave, New York, NY 10014-3510
      View Details

    Similar Nearby for Sale

    • $8,250,000

      Renovated West Village Mixed-Use Asset

      Meticulously renovated mixed-use property in prime West Village location.
      161 West 4Th St, New York, NY 10014
      View Details
    • Contact for pricing

      West Village Redevelopment Opportunity

      Four-story building in prime West Village with redevelopment potential.
      32 Jane St, New York, NY 10014
      View Details
    • New
      $4,500,000
      4,875 SF

      West Houston Commercial Building

      Turn-of-the-century commercial space in prime location.
      205 West Houston St, New York, NY 10014
      View Details
    • $5,400,000
      2,390 SF

      West Village Mixed-Use Gem

      Prime West Village location, owner-user opportunity.
      15 8Th Ave, New York, NY 10014
      View Details

    Similar Nearby for Lease

    • $327 /Mo
      550 SF

      West Village Retail Space for Lease

      Prime Hudson Street storefront, 550 sq ft.
      0 Retail Spc On Hudson St In Vlg, New York, NY 10014
      View Details
    • Contact for pricing

      West Village Restaurant/Venue Space

      9,000 SF restaurant/venue space in prime West Village location.
      85 7Th Ave S, New York, NY 10014
      View Details
    • Contact for pricing

      Meatpacking District Class A Office

      New construction office space with views of High Line Park.
      1 Meatpacking District, New York, NY 10014
      View Details
    • Contact for pricing

      West Village Theater Space Available

      Ground-floor commercial space configured as a ~50-seat theater.
      55 Bethune St, New York, NY 10014
      View Details
    • Contact for pricing

      Hudson Street Retail Space

      Retail space available on Hudson Street in New York.
      581 Hudson St, New York, NY 10014
      View Details
    • Contact for pricing

      Versatile Office/Religious Space Available

      Second-floor space suitable for office, religious, or creative uses.
      55 Bethune St, New York, NY 10014
      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.
    55 Greenwich Ave
    New York, NY 10014-2794
    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
    55 Greenwich Ave, New York, NY, 10014
    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!