Listing Agency: Meridian Capital Group Show Phone

Listed By: Alec Namdar

Source: Moodyscre

Added: Mar 17, 2025 Changed: Jul 6 Last Checked: Jul 22 at 3:34AM

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Investment Insights

Based on property information with market context.

This 800-square-foot retail space is currently occupied by "America’s Hairstyle International" and is configured as a second-generation hair salon. The property benefits from a below-market rental rate with 9 years remaining on the lease. The space includes a full bathroom.

Key Highlights

• Below market rent with 9 years left on the lease
• Currently operating as a hair salon
• Second generation hair salon

Property Analytics

Property Profile

Current Use

Chrprctr Clinix Alternative Medicine Practice ChiroclinicHK- Gerard V. ... Alternative Medicine Practice America Hair Style ... Hair Salon Rocco Tetro Alternative Medicine Practice Westside Virtual Marketing & Advertising

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Nursing Home Adult Day Care Buffet 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

$8.78 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

30,982

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 35% below 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 - Second-generation hair salon with below-market rent and existing lease.

Where is this retail space located?

The property is located at 445 W 50th St New York, NY.

What is the lease rate?

The lease rate is $3,900 /Mo.

What are key features of this property?

This property features: Below market rent with 9 years left on the lease; Currently operating as a hair salon; Second generation hair salon