Retail Condominium with Rear
New
For Sale
$2,400,000
137 E 13th Street 1A, New York City, NY 10003
An income-producing retail condominium is leased under a modified NNN structure with tenant-paid utilities.
Property Size2,649 SF
Price / SF$906
Days on Market7
Property Features for 137 E 13th Street 1A
General Information
Standard status
Active
Size
2,649 SF
Property subtype
Apartment
Zoning
C6-2A
Financials
Asking Price
$2,400,000
Cap Rate
5.97%
Additional Details
Floor
Ground/Cellar
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$61,224
Building Details
Building Size
2,649 SF
Year Built
1999
Stories
10
Tenancy
Single
Listing Agency:
Jade Stone Real Estate Consulting Inc
Listed By:
Anne Huiwen Chang · License #10991211559
(917) 494-0531
Source:
Tricialee
Added: Sep 29
Changed: Oct 3
Last Checked: Oct 4 at 2:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jade Stone Real Estate Consulting Inc
Investment Insights
Based on property information with market context.
This retail condominium spans the ground and cellar levels, with approximately 2,649 square feet of interior space and a rear yard of approximately 328 square feet. The premises are fully vented and have gas in place. Zoning is C6-2A / R8A equivalent, and the existing lease identifies restaurant, service, and specialty retail operations among the potential uses.
A 10-year lease began April 1, 2025, and runs through March 31, 2035, with one five-year extension option at market rate. Contractual rent increases are 4% annually. Under the modified NNN arrangement, the tenant pays utilities and reimburses 100% of real estate tax and common charge increases above the applicable base years.
A 10-year lease began April 1, 2025, and runs through March 31, 2035, with one five-year extension option at market rate. Contractual rent increases are 4% annually. Under the modified NNN arrangement, the tenant pays utilities and reimburses 100% of real estate tax and common charge increases above the applicable base years.
Key Highlights
- Approximately 2,649 square feet across ground and cellar levels
- Rear yard of approximately 328 square feet
- Fully vented premises with gas in place
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
36,039
Businesses Nearby
Explore this area
Business Placement
Demographics for 10003, NY
57,076
Population
30,730
Households
1.9
Avg Household Size
32
Median Age
82%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
95,127
Density / Sq Mi
$153,750
Median Household Income
$82,560
Median Earnings
$2,772
Median Rent
$1,137,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - An income-producing retail condominium is leased under a modified NNN structure with tenant-paid utilities.
Where is this retail space located?
The property is located at 137 E 13th Street 1A New York City, NY.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Approximately 2,649 square feet across ground and cellar levels; Rear yard of approximately 328 square feet; Fully vented premises with gas in place
