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    56 E 11Th St New York, NY 10003

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    For Lease
    $20,000 /Mo ($68 SF/Yr)

    Retail space steps from Union Square and subway.

    Property size:
    3,500 SF
    Lot size:
    0.06 Acres

    Property Features for 56 E 11Th St

    General Information

    Size
    3,500 SF
    Lot size
    0.06 Acres

    Source: City Connections Realty, Inc. Agent Barry Fields

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail Space Near Union

    This 3,500-square-foot retail space is situated in a prime location near Union Square and the 14th-Union Square subway station, the fourth busiest in New York City with a 2019 annual ridership of 32,385,260. The property is surrounded by a dense student population, with nearby universities including NYU, The New School, and Pratt. Neighboring businesses include Gotham Restaurant, Strip House, Knickerbocker Bar & Grill, Village Taverna, El Cantinero, The Grey Dog, Nom!, Tortaria, Starbucks, Newsbar, Blue Bottle Coffee, Bar 13, Sephora, Wagwear, LUSH, ConceptsNYC, Whole Foods Market, and Burlington.
    Location Intelligence

    Current Use by Public Records

    Brooklyn Yogini Yoga Studio Ragozin Inc Newspaper Publisher

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9925798
    Latitude
    40.7328881

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    FAQs

    What type of property is this?
    Retail space - Retail space steps from Union Square and subway.
    Where is this retail space located?
    The property is located at 56 E 11Th St New York, NY.
    What is the lease rate?
    The lease rate is $68 SF/Yr.
    What are key features of this property?
    This property features: - Prime location steps from Union Square.; - Close proximity to 14th-Union Square subway station, one of NYC's busiest.; - Surrounded by a dense student population (NYU, The New School, Pratt).
    (212) 627-7800
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    56 E 11Th St New York, NY 10003
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