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Investment Highlights

  • Highyl desirable neighborhood of Chelsea, Manhattan

Executive Summary

Located in Chelsea near the meatpacking district on the east side of 8th Avenue between West 15th Street and West 14th Street, one block from Google headquarters. Property is primarily a 2-Family with One Store on the Ground Floor and a Residential duplex above. Built in 1901. Perfect for user investor. Currently 1 tenant, the Commercial unit on the first floor. The Residential duplex on floors 2 and 3 are currently vacant.
Commercial Unit – Pay-O-Matic Store – Monthly Rent $15,000 / Annual $180,000 with 3% annual escalations.
Lease Expiration 11/30/2031
Residential Unit – Delivered Vacant, potential monthly Rent $14,000 / potential annual rent $168,000
Total monthly potential income $29,000 / Total annual potential income $348,000. Total Annual Operating Expenses – ($39,642)
Potential NOI: $ 308,358 Annually

Attachments

Survey 94 8th Ave, 08-17-22
94 8th Avenue Setup2, 09-26-25

Property Facts Under Contract

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,509 SF
Building Class
C
Year Built
1901
Price
$7,669,750 CAD
Price Per SF
$1,178.33 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.34
Lot Size
0.44 AC
Zoning
C1-6A - Commercial District, Zoned C1-6A (residential equivalent R7A)
Frontage
20’ on Eighth Ave

Amenities

  • Bus Line
  • Metro/Subway

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Finance and Insurance
  • -
  • $108.70 CAD
  • Nov 2030

PAYOMATIC est en affaires depuis les années 1950 et est devenue le plus grand fournisseur de services financiers et d'encaissement de chèques à New York, gérant plus de 19 millions de transactions par année. PAYOMATIC compte près de 150 magasins dans les quartiers du Bronx, de Brooklyn, de Manhattan, du Queens, de Long Island et de la région de New York. De nombreux magasins sont ouverts 24 heures sur 24, 7 jours sur 7. PAYOMATIC offre une variété de services en magasin qui facilitent la vie de nos clients. Si vous avez besoin d'argent ou si vous voulez envoyer de l'argent, PAYOMATIC est là pour vous ! Un fournisseur de services financiers de quartier et un fier membre de la communauté. Les magasins PAYOMATIC offrent l'encaissement de chèques, les transferts d'argent Western Union®, les mandats, la carte InPower (avec options de dépôt direct), le paiement de factures (plusieurs options de paiement le jour même), les services mobiles prépayés et bien d'autres services. PAYOMATIC offre également des services personnalisés aux propriétaires d'entreprise, y compris la possibilité d'encaisser des chèques payables à votre entreprise.

Tenant Industry SF Occupied Rent/SF Lease End
Finance and Insurance - $108.70 CAD Nov 2030
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Very bikeable
80/100

Nearby Major Retailers

Equinox
Starbucks
Chase Bank
Citizens Bank
Cosi
Five Guys
Golden Krust Caribbean Restaurants
D'Agostino
New York Sports Clubs
F45 Training

Property Taxes

Property Taxes

Parcel Number
0764-0074
Land Assessment
$72,550 CAD
Improvements Assessment
$132,435 CAD
Total Assessment
$204,985 CAD
  • Listing ID: 37253794

  • Date on Market: 2025-08-13

  • Last Updated:

  • Address: 94 Eighth Ave, New York, NY 10011

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