RealtyLens
for saleRealtyLens property overview
$3,750,000

121 E 7th St

Manhattan, NY, 10009
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5Beds
5Baths
7,492Sqft
$501$/sqft

Listing Notes

PRIME EAST VILLAGE PROPERTY W/ PLANS 22 feet wide by 87 feet deep Invest in one of the most exciting NYC neighborhoods the East Village. This property is perfect for a single family conversion, or a 8-10 unit condo or rental conversion. We are selling the property with approved plans for a multi family with 8 units. This is situated on the perfect block with close access to Astor Place, NYU, The new Wegmans and so much more that this amazing neighborhood offers. The existing structure is a church. This property can also be converted and be used as a single family, a private members club, an art gallery, a consulate and many other purposes. Please email for a set up and the approved plans. ADDRESS: 121 EAST 7TH STREET NY NY 10009 BLOCK #: 435 LOT #: 42 TOTAL ZONING LOT:22'-0 x 97'-6 = 2, 145.00 S.F. ZONE: R8B TOTAL PROPOSED FLOOR AREA: Approx 10, 000 sq. feet OCCUPANCY CLASS: R-2 CONSTRUCTION CLASS: II-B JOB DESCRIPTION: PROPOSED 1.5-STORY ENLARGEMENT W/ CELLAR MIX-USE BUILDING

Market Insights

Below nearby median-67%

$501/sqft vs a nearby median of $1538/sqft.

Nearby median$1538/sqft
Nearby properties8
Property size7,492 sqft
  • -67% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 7,492 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$11M$10M$12M · 50% confidence
vs ask $3.75M−$7.49M (−199.6%)

Asking price is about 199.6% below the fair value — likely to draw competing offers if it's still on market.

$1,538/sqft median across 7 tight comps × 7,492 sqft= $12M
  • Days-on-market gravity−$346k −3.0%
  • Pre-war character+$288k +2.5%
  • AI-generated marketing photos−$230k −2.0%
  • Transit access+$58k +0.5%
  • Visible condition issues−$58k −0.5%
Cumulative NYC adjustments−$288k−2.5%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position-67% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read3 items to check
AI ReadinessReady to analyze
Assistant read

Generate a buyer-agent read of this listing — pricing, risks, comp check, and negotiation leverage. Takes a few seconds.

Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
174 days
Last price change
No change recorded
Listed
Nov 19, 2025
Photos
31 photos
Property type
multi family
Status
for sale

Features & Amenities

BasementSingle StoryRental Property

Photos

Building Facts

Year built
1900
Stories
3
Total units
2
Residential units
1
Building area
4,579 sqft
Lot size
2,145 sqft
Land use
Public facilities and institutions
Building class
M1

From NYC public records where available.

Price History

May 4, 2026Initial record
$3,750,000for sale

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.