The listing facts are current enough for an initial property review.
121 E 7th St
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
$501/sqft vs a nearby median of $1538/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
Asking price is about 199.6% below the fair value — likely to draw competing offers if it's still on market.
- 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%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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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
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.