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Property profile & analytics

88 3rd St New York, NY 10012-1031

  • Retail residential properties
  • 6,960 SF
  • 0.04 lot acres
OFF-MARKET
Value Estimations
$3,455,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US63-0970419
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

  • Sushi Zo / Restaurant

Property Details for 88 3rd St

Year built
1900
Lot size
0.04 lot acres
Property size
6,960 SF
Zone code
R7-2
Property type
Retail residential properties
APN
00539-0016
APU
5390016

Description

This fully built-out 1,300 square foot sushi restaurant presents a unique opportunity for a new operator. Ideally situated directly across from New York University in the vibrant heart of Greenwich Village, this single-tenant space boasts a prime location with high foot traffic and excellent visibility. The restaurant is completely ready for immediate occupancy, eliminating the need for extensive renovations or build-out costs, allowing for a swift and efficient transition to operations. The existing setup offers a significant advantage, saving time and resources typically associated with establishing a new restaurant. This turnkey solution allows potential buyers to focus on menu development, staffing, and marketing, accelerating the path to profitability. The property's location within Greenwich Village ensures a strong customer base, benefiting from the area's dense population, significant student population, and thriving tourism industry. This presents a compelling investment opportunity for experienced restaurateurs seeking a well-established space in a highly desirable location. The single-tenant occupancy simplifies management and provides clear operational control. This exceptional opportunity combines a prime location with a fully equipped restaurant, minimizing start-up costs and maximizing potential for immediate success. Seize this chance to establish your culinary vision in one of Manhattan's most sought-after neighborhoods.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $3,700,000
    6.5%
    $3,415,000
    7%
    $3,170,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
New York
County
New York
State
New York
Longitude
-73.9992
Latitude
40.7298
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
$153,701
$90,450
$1,138,960
$1,229,410
-
$201,000
$2,630,000
$2,831,000
More about this property
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