199 2nd Ave, New York, NY 10003

Studio-- baths7,140 sqft Edit

Edit home facts for a more accurate Zestimate.
Off Market
Zestimate®: $10,553,814
Rent Zestimate®: $14,632/mo
Est. Refi Payment
/mo

Estimated Monthly Payment

$

Please enter a dollar amount between $0 and $200,000,000

()

Please enter a percent between 0% and 100%

30 Year Fixed:
/mo
15 Year Fixed:
/mo
5/1 ARM:
/mo
Estimated taxes & insurance of are not included.
See current rates On

This home is not currently listed for sale or rent on Zillow.

A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

A Rent Zestimate® is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property.

My Notes

Edit
Located at the nexus of New York Citys most dynamic neighborhoods - East Village, Greenwich Village, Gramercy, and Union Square - this high traffic property makes sense for users or investors offering numerous opportunities to utilize or re-work the space. The buildings charming pre-war faade offers an old world classic New York feel in one of the most vibrant and lively sections of downtown Manhattan. The building is close to all major subways, along with some of the best restaurants, bars, and shopping the city has to offer. This property offers a tremendous opportunity with great upside and has not been on the market for over 40 plus years. Meticulously maintained, this mixed-use 5 story townhouse building is comprised of 4 authentic floor-through income producing lofts with soaring ceilings and timeless detail. In addition, a quaint yet expansive retail space allows for maximum exposure and could prove fruitful for any type of business. The extra large dry basement with 8 foot ceilings, coupled with street and interior access can also serve as storage for both the residential units as well as the commercial space. The building just had its roof, mechanicals, boiler, and electric updated. The max allowed FAR is 4, and the FAR as built is currently 3.78, and is being sold with no rent stabilized tenants in place. Current rent rolls are substantially below market value, bring your architect! Increasing values of rents in the area make this an investment with great upside and steady profits. The building is 21 ft. x 73 ft. with an overall sq. ft. of 7,140 (approx) with 5,712 of residential sq. ft. (approx 1,428 per floor) and 1,428 sq. ft. of retail/commercial (approx) a basement for storage, along with 400 sq. ft. of air rights. Each unit is separately metered for gas and electric. Please inquire for the full financials, operating costs, annual and projected income.View full listing information on waldrealestate.com/portfolio  More Less 

Facts

  • Lot: 1,742 sqft
  • Townhouse
  • Built in 1900
  • Views: 613 all time views

    Features

    • Fireplace
    • Storage

      Additional Features

      • City?view

      Construction

      • Construction quality:
        0.0
        Provided by the county assessor, this grade is based on a scale that varies by market. For more information, or to update the grade, contact the county assessor's office.
      • Stories: 5
      • Unit count: 4

      Other

      • Floor size: 7,140 sqft
      • Lot depth: 90
      • Lot width: 21
      • Parcel #: 04680038
      • Zillow Home ID: 31496846

      Zestimate Details

      Zestimate
      A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

      The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

      Don't agree with your home's Zestimate? Owners can edit their home facts to make the Zestimate more accurate. Plus, you can leave an opinion on your Zestimate value below. Just click "Owner Estimate".
      $10,553,814
      +$332,807 Last 30 days
      $9.29M
      $11.9M
      Zestimate range
      Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

      The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
      $14,632/mo
      +$494 Last 30 days
      $4.7K
      $21K
      Zestimate range
      Zestimate forecast
      $XXX,XXX
      0
      One year
      To see Zestimate forecast
      Create a free account

      Improve This Home's Value

      Popularity on Zillow

      If this home is listed on Zillow, it will reach the largest real estate network on the web.*
      613 all-time views
      of this home (chart)
      274 forecasted views of this home
      in the first 7 days after listing for sale
      Interested in selling this home?
      Post your home as Make Me Move, for sale, for rent, or contact an agent.

      Comparable Homes

      Homes like this sold for $5.8-18.25M.

      $5.1M
      $18.95M

      Mortgages

      Neighborhood: East Village

      Zillow predicts East Village home values will rise 7.2% next year, compared to a 2% rise for New York as a whole. Among East Village homes, this home is valued 732% more than the midpoint (median) home, and is valued 6.9% more per square foot.

      Foreclosures will be a factor impacting home values in the next several years. In East Village, the number of foreclosures waiting to be sold is 12.5% higher than in New York, and 91.4% less than the national average. This higher local number may prevent East Village home values from rising as quickly as other regions in New York.

      Learn more about forecast calculations or East Village home values.
        read more Less 

      Nearby

        For Sale

        See all nearby listings

        Rentals

        See all nearby rentals

        Nearby Schools in New York

        GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

        Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

        • School Rating

           

          Grades

          Distance

        • 8
          out of 10
          PK-5
          0.5 mi
        • 10
          out of 10
          School of the Future High (assigned)
          6-12
          0.5 mi
        • 9
          out of 10
          Baruch College Campus High (assigned)
          9-12
          0.5 mi

        Data by GreatSchools.org