121 East 7th Street, New York City, NY 10009
Listing Courtesy of Compass
$3,995,000
Potential Rebate: $59,925
Overview
PRIME EAST VILLAGE PROPERTY W/ APPROVED PLANS
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.
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
Home Features
- •See Remarks
- •Private Outdoor Space Over 60 Sqft
- •Crown Molding
- •High Ceilings
Estimated Monthly Payment
$19,741 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$59,925
Monthly savings impact
$166/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
Member
Verified
Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Compass
Data Source: TRESTLE #RLS20059920
Price Analysis
Compare average listing prices and value metrics for 121 East 7th Street against the surrounding East Village market.
Average List Price
Price Per SqFt
69.26% Lower
than the East Village price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
East Village
Punk Rock & Pastrami
\nThe East Village is legendary. It has shed some of its grit for glam, but it remains a cultural incubator for music, art, and food.
\nReal Estate & Housing Market
\nWalk-up apartment buildings define the area. New developments are rare and controversial. It's a renter-heavy neighborhood.
\nLifestyle & Community
\nVibrant, young, and diverse. A mix of NYU students, old-school hipsters, and young professionals.
\nTransportation & Accessibility
\n6Train at Astor Place, L train at 1st/3rd Ave. Good bus service.
\nParks, Schools & Amenities
\nTompkins Square Park and the East River Park (nearby) provide green space.
\nWho This Neighborhood Is Best For
\nBest for those who want to be in the center of the action and don't mind a little noise.
