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    Property profile & analytics

    714 11th Ave New York, NY 10019-5015

    • Retail residential properties
    • 6,075 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimation
    $3,405,000
    Last Sale
    Aug 03, 2023
    $3,600,000
    Location Intelligence
    Property ID
    US63-0001121
    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.

    Current Use by Public Records

    • KDI Photography / Portrait Studio

    Property Details for 714 11th Ave

    Year built
    1901
    Lot size
    0.03 lot acres
    Property size
    6,075 SF
    Zone code
    R8A
    Property type
    Retail residential properties
    APN
    01079-0063
    APU
    10790063

    Description

    This exceptional 1,500-square-foot turnkey bar and restaurant opportunity is located at 714 Eleventh Avenue in New York County, NY, zip code 10019. The property features a fully built-out, second-generation space with a large bar, spacious open dining area, and a full basement. The basement includes men's and women's restrooms and a fully vented kitchen equipped with two walk-in refrigerators. The main level boasts ample bar seating and a layout ideal for maximizing customer capacity. An additional large seating area with built-in booths is also available. This prime location on a vibrant block of Manhattan's West Side presents a unique chance to establish or relocate a thriving bar or restaurant business. The property is currently vacant and ready for immediate occupancy. The single-tenant space offers a complete and efficient setup, minimizing initial investment and maximizing operational efficiency. This is an exceptional opportunity for a bar or restaurant operator seeking a fully equipped, high-visibility location in a dynamic Manhattan neighborhood. The property's size, layout, and existing infrastructure make it an attractive option for a variety of concepts.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,420,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,590,000
      6.5%
      $3,740,000
      7%
      $3,760,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,155,000
      Geo Method
      $3,440,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,945,000
      Retail
      $3,070,000
      Mixed-Use
      $3,840,000
      Hospitality
      $3,900,000
      Educational
      $3,020,000
      Residential Income
      $3,645,000
      Energy
      $2,970,000
      Income-Based Land
      $3,980,000
      Food Service
      $3,180,000

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9941
    Latitude
    40.7662
    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
    $35,678
    $49,494
    $235,882
    $285,376
    -
    $709,000
    $3,379,000
    $4,088,000

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    714 11th Ave
    New York, NY 10019-5015
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    Realmo Value Estimation

    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.

    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.

    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
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