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Retail Space with Skylights

5 East 16th Street, New York, NY 10003

For Sale
New
Contact for pricing

A two-level layout combines street-level space with an additional lower-level area.

Property Size6,800 SF
Price / SF$875
Days on Market7

Property Features for 5 East 16th Street

General Information

Standard status Active
Size 6,800 SF
Property subtype Retail

Site & Location

Neighborhood Downtown
Frontage 28 ft

Additional Details

Floor Ground, Lower Level

Amenities

skylights
Listing Agency: Resolution Real Estate Partners
Listed By: Jonata Dayan · License #NY
Source: Crexi
Added: Nov 3 Changed: Nov 8 Last Checked: Nov 8 at 4:03PM

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 Resolution Real Estate Partners

Rey
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Investment Insights

Based on property information with market context.

This two-level retail offering provides 4,000 SF on the ground floor and 2,800 SF on the lower level. The space has 15 FT ceilings, skylights, and 28 FT of frontage. Possession is immediate.

The property is at 5 East 16th Street, between Fifth Ave and Union Sq West in Union Square.

Key Highlights

  • 4,000 SF ground floor and 2,800 SF lower level
  • 28 FT of frontage
  • 15 FT ceilings and skylights

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Union Square Couture ... Clothing Store Carapan Crisis Center The Paper Boutique (Bike/Boat/Book/etc) Store Infinity Physical Therapy ... Alternative Medicine Practice MKP communications inc. Advertising Agency

Suggested Use

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

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

51,396
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Retail space in New York

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Retail space - A two-level layout combines street-level space with an additional lower-level area.
Where is this retail space located?
The property is located at 5 East 16th Street New York, NY.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: 4,000 SF ground floor and 2,800 SF lower level; 28 FT of frontage; 15 FT ceilings and skylights
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