Listing Agency: Triforce Commercial Real Estate j***@triforcecre.com Show Phone

Listed By: Jason Horowitz · License ##1433362 Show Phone

Source: Moodyscre

Added: May 16, 2024 Changed: Jul 6 Last Checked: Jul 21 at 6:57AM

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Investment Insights

Based on property information with market context.

Two units, each approximately 550 square feet, are available for rent. The rental rate is $115 per square foot. These units are suitable for dry uses only. Each unit includes 300 square feet of basement space. The tenant is responsible for electric, garbage, and 7.5% of the taxes. The location offers access to multiple rail and bus lines.

Key Highlights

• Two units available for purchase.
• Priced at $115 per square foot.
• Each unit includes 300 SF of basement space.

Property Analytics

Property Profile

Current Use

FRAMEWORK ART INSTALLATION ... Interior Design HK BEST BARBERS ... Barber Shop

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Adult Day Care Clothing & Fashion Store Buffet Butcher

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

$17.25 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

55,267

Businesses Nearby

Explore this area Business Placement

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

This space is priced 28% above the average of $89.62 /SF/Yr.

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 - Two retail units available for rent in Midtown Manhattan.

Where is this retail space located?

The property is located at 319 W 47th St New York, NY.

What is the lease rate?

The lease rate is $115 SF/Yr.

What are key features of this property?

This property features: Two units available for purchase.; Priced at $115 per square foot.; Each unit includes 300 SF of basement space.