111 Worth StNew York, NY 10013

Property Details for 111 Worth St

Year built

2001

Lot size

0.65 AC

Property size (Sq ft)

419,639 SF

Zone code

C64A

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

00170-0020

APU

1700020

Description

This exceptional retail property at 111 Worth Street in New York City's vibrant 10013 zip code presents a unique opportunity for businesses seeking high-visibility space. The entire 8,416 square foot building is currently vacant and available for lease, offering unparalleled flexibility for a single large tenant or multiple smaller occupants. The property is classified as commercial retail with multiple tenancy options. Individual spaces can be leased starting at a minimum of 1,371 square feet, allowing for scalability to suit various business needs. Larger contiguous spaces of up to 7,045 square feet are also available, providing ample room for expansion or consolidation. Located in New York County, this property benefits from excellent street visibility and high foot traffic, making it an ideal location for a wide range of retail businesses. The address, 111 Worth Street, ensures easy access and strong brand recognition. This is a rare chance to secure a substantial retail presence in a prime New York City location. The property's size and layout offer significant potential for customization and adaptation to meet specific tenant requirements. Interested parties are encouraged to inquire for further details and leasing options.

• CAP approach

  CAP return

  Valuation

  6%

  $86,029,792

  6.5%

  $79,412,112

  7%

  $73,739,816

• Comparable approach

  Method

  Valuation

  Relative Method

  $84,986,552

  Geo Method

  $84,986,552

• Alternative Use

  Use

  Valuation

  Residential

  $79,412,112

  Hospitality

  $72,741,064

  Educational

  $60,519,716

  Medical

  $62,601,080

  Retail

  $94,141,776

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7161

Longitude

-74.0035

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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