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Retail Space in Prime Location
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251 E Second St, New York, NY

Retail space available for rent with existing infrastructure.

Space Size3,700 SF
Lot Size0.14 Acres
Days on Market1168

Property Features for 251 E Second St

General Information

Standard status Active
Size 3,700 SF
Lot size 0.14 Acres
Property subtype RETAIL
Lease Type Modified Gross

Spaces For Lease

at 251 E Second St
251 E Second St $100/SF/Yr
Floor 1
Size 3,700 SF
Type RETAIL
Lease Type MODIFIED_GROSS
Availability AVAILABLE, Now
Sublease Yes
- Located at the base of the Stella LEST - New 10 ton HVAC in place - ADA restrooms in place - 400 AMPs of power currently existing
Contact us
Listing Agency: Cushman & Wakefield | Midtown Manhattan
Listed By: Michael Azarian
Source: Moodyscre
Added: Aug 2, 2023 Changed: Oct 1 Last Checked: Oct 11 at 7:50AM

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 Cushman & Wakefield | Midtown Manhattan

Investment Insights

Based on property information with market context.

This 3,700-square-foot retail space is located at the base of the Stella LEST. The property features a new 10-ton HVAC system and ADA-compliant restrooms. It is equipped with 400 AMPs of power.

Key Highlights

  • Located at the base of the Stella LEST
  • New 10 ton HVAC in place
  • ADA restrooms in place

Property Analytics

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Open Analytics

Current Use

Stella LES Apartment Building

Suggested Use

Top Pick Nursing Home Auto Parts Store Pet Grooming Service (Bike/Boat/Book/etc) Store Law Firm Buffet

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
$15.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

14,954
Businesses Nearby
15k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Citibank Shops & Services
15,431 visits/mo 0.5 miles
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for New York, NY

$44.73 /SF/Yr
Avg Asking Price
$12–$84 /SF/Yr
Price Range
4,266 SF
Avg Space Size

This space is priced 124% above the average of $44.73 /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
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space available for rent with existing infrastructure.
Where is this retail space located?
The property is located at 251 E Second St New York, NY.
What is the lease rate?
The lease rate is $100 SF/Yr.
What are key features of this property?
This property features: Located at the base of the Stella LEST; New 10 ton HVAC in place; ADA restrooms in place
(212) 841-7831 Call to check price and availability
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