Listing Agency: Newmark - Corporate g***@nmrk.com Show Phone

Listed By: Gary Alterman

Source: Moodyscre

Added: Jan 21, 2025 Changed: Jul 6 Last Checked: Jul 22 at 4:08AM

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Investment Insights

Based on property information with market context.

This retail space, encompassing 3,868 square feet, is situated in a residential neighborhood with consistent traffic throughout the week, both day and night. The location offers close proximity to Bellevue Hospital and NYU Langone Medical Center.

Key Highlights

• Close proximity to Bellevue Hospital
• Close proximity to NYU Langone Medical Center
• Residential neighborhood

Property Analytics

Property Profile

Current Use

Laurence Wexer Ltd (Bike/Boat/Book/etc) Store AHP International Orthotics & Prosthetics Service Sagepoint Financial, Inc. Financial Advisor Steam Engine Films Film Production LAUDpress Landscaping

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Buffet Butcher Pet Grooming Service Auto Parts Store Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

149

Businesses Nearby

22k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

7-Eleven Shops & Services

9,368 visits/mo 0.4 miles

Family Dollar Shops & Services

8,166 visits/mo 0.3 miles

Sunoco Shops & Services

2,932 visits/mo 0.4 miles

Marathon Shops & Services

1,889 visits/mo 0.3 miles

Market

Lease Benchmarks for New York, NY

$89.62 /SF/Yr

Avg Asking Price

$12–$250 /SF/Yr

Price Range

2,906 SF

Avg Space Size

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space in a high-traffic residential area.

Where is this retail space located?

The property is located at 251 E 32nd St New York, NY.

What are key features of this property?

This property features: Close proximity to Bellevue Hospital; Close proximity to NYU Langone Medical Center; Residential neighborhood