139 Norfolk St, New York, NY 10002

Studio, 1 bath, 10,255 sqft
For Sale
$525,000
Zestimate®: $5,999,077
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ACCEPTED OFFER - SHOWING FOR BACK UPSDiscover an unprecedented opportunity to own a home for your business with your own live/work space in the Lower East Side. This spacious loft with glass accordion doors features an east-facing exposure and an open, airy design. Located on the ground floor, the space is outfitted with wide-plank wood flooring and steam heat, and comes equipped with an air conditioning unit. The windowed bathroom comes complete with shower and lavatory. Enjoy extra space with high ceilings and room for storage. Perfect for a gallery, creative office, or pied-a-terre.The Palm Beach HDFC co-op was built in 1920, and is five stories high with only 20 units. It is situated across from the Lower East Side Preparatory High School. Neighbors include Gage / Clemenceau Architects, Schillers Restaurant, Tinys Giant Sandwich, Sugar Sweet Sunshine Bakery, Essex Street Market, and Whole Foods. The F, J, M, Z subway lines are located nearby at Essex & Delancey, and there is a Citi Bike station one block away at Suffolk & Stanton. There is a very lenient board that is pet friendly, allows subletting, and parental gifting.Currently, there is a gallery tenant in place paying $3,000 per month. This offers a 5% return on your investment.If you are working with a broker, please have them register your name to schedule a viewing or to attend an open house.Yesim AkLic. Associate BrokerThe Drive Team at Misrahi Realty917.519.5185yesim@misrahirealty.com  MoreLess
Facts
  • Cooperative
  • Built in 1920
  • 140 days on Zillow
  • Price/sqft: $51
Construction
  • # Stories: 5.0
  • Structure type: Loft
  • Unit count: 18
Other
  • Floor size: 10,255 sqft
  • Last remodel year: 1986
  • Lot depth: 100
  • Lot width: 25
  • Parcel #: 03540027
  • Zillow Home ID: 31495746
Home Values
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$5,999,077
-$2,701,191 Last 30 daysd
$4.14M
$7.50M
Zestimate range
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$4,743/mo
+$1,691 Last 30 daysd
$2.2K
$9.5K
Zestimate range
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Neighborhood for 139 Norfolk Street

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Zillow predicts 10002 home values will increase 1% next year, compared to a 1.8% increase for New York as a whole. Among 10002 homes, this home is 38.7% less expensive than the midpoint (median) home, and is priced 95.8% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In the 10002 market, the number of foreclosures waiting to be sold dropped 2.1% in the last year. The number of unsold foreclosures is 50% lower than in New York, and 98.5% lower than the national average. This lower local number could help 10002 home values rise more quickly than other regions in New York.

Learn more about forecast calculations or 10002 home values.
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