Listing Agency: Boca Raton j***@kw.com Show Phone

Listed By: Jake Horowitz Show Phone

Source: Colliers

Added: May 18 Changed: Aug 10 Last Checked: Aug 25 at 4:53AM

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Investment Insights

Based on property information with market context.

This retail space, located below the Sixty LES Hotel, offers high visibility. The property provides 908 square feet of space and is suitable for commercial real estate purposes.

Key Highlights

• High‑visibility retail space
• Located below Sixty LES Hotel
• Retail space

Property Analytics

Property Profile

Current Use

Rockwood Music Hall Music Venue Tamara Hey Vocational School

Suggested Use

Top Pick Nursing Home Auto Parts Store Pet Grooming Service Buffet Adult Day Care 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

$1.80 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

27,385

Businesses Nearby

15k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Citibank Shops & Services

15,431 visits/mo 0.5 miles

Demographics for 10002, NY

82,155

Population

39,646

Households

2.1

Avg Household Size

41

Median Age

39%

College-Educated

71%

High-School Grad

0.8 sq mi

ZIP Area

102,694

Density / Sq Mi

$46,525

Median Household Income

$51,425

Median Earnings

$1,207

Median Rent

$808,500

Median Home Value

Market

Lease Benchmarks for New York, NY

$50.31 /SF/Yr

Avg Asking Price

$12–$90 /SF/Yr

Price Range

6,524 SF

Avg Space Size

This space is priced 76% below the average of $50.31 /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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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 - High-visibility retail space available for rent in New York.

Where is this retail space located?

The property is located at 196 Allen St New York, NY.

What is the lease rate?

The lease rate is $908/Mo.

What are key features of this property?

This property features: High‑visibility retail space; Located below Sixty LES Hotel; Retail space