Multi-Tenant Retail Storefront
For Sale
Contact for pricing
51 Wooster St, New York, NY 10013
Multi-tenant retail storefront building can be delivered vacant for a new operator or flexible use.
Property Size4,600 SF
Price / SF$2,010
Days on Market584
Property Features for 51 Wooster St
General Information
Standard status
Active
Size
4,600 SF
Property subtype
RETAIL
Building Details
Tenancy
Multi
Listing Agency:
NYCRS - New York
(212) 925-3280
Listed By:
John Pasquale
Source:
Moodyscre
Added: Dec 26, 2024
Changed: Jul 28
Last Checked: Aug 2 at 2:44PM
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 NYCRS - New York
Investment Insights
Based on property information with market context.
The subject property is a multi-tenant retail storefront building currently rented by multiple tenants, with the ability to be delivered vacant.
Located on Wooster Street between Broome and Grand Street, the surrounding retail mix includes Isabel Marant, Acne Studios, Alexander Wang, Celine, Morgane Le Fay, and Zadig & Voltaire.
Ownership is taking bids and will entertain reasonable offers. The property can serve as a retail investment opportunity or support multiple possible uses depending on the incoming tenant’s plans.
Located on Wooster Street between Broome and Grand Street, the surrounding retail mix includes Isabel Marant, Acne Studios, Alexander Wang, Celine, Morgane Le Fay, and Zadig & Voltaire.
Ownership is taking bids and will entertain reasonable offers. The property can serve as a retail investment opportunity or support multiple possible uses depending on the incoming tenant’s plans.
Key Highlights
- Multi‑tenant retail storefront building on Wooster Street between Broome and Grand Street
- Currently rented by multiple tenants; can be delivered vacant
- Located among major retail and fashion brands including Isabel Marant, Acne Studios, Alexander Wang, Celine, Morgane Le Fay, and Zadig & Voltaire
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.08M | $235.68 |
| − Vacancy | −$159.4k | −$34.64 |
| EGI | $924.8k | $201.04 |
| − OpEx | −$277.4k | −$60.31 |
| NOI | $647.3k | $140.72 |
4,600 SF · lease $235.68/SF/yr · vacancy 14.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$9.25M
$8.09M – $10.79M
NOI $647,333 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.45M
$10.02M – $13.36M
NOI $801,504 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
33,018
Businesses Nearby
Explore this area
Business Placement
Demographics for 10013, NY
31,042
Population
15,933
Households
1.9
Avg Household Size
36
Median Age
72%
College-Educated
89%
High-School Grad
0.5 sq mi
ZIP Area
62,084
Density / Sq Mi
$159,474
Median Household Income
$92,765
Median Earnings
$2,378
Median Rent
$2,000,001
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 - Multi-tenant retail storefront building can be delivered vacant for a new operator or flexible use.
Where is this retail space located?
The property is located at 51 Wooster St New York, NY.
What is the asking price?
The asking price for this property is $9,250,000.
What are key features of this property?
This property features: Multi‑tenant retail storefront building on Wooster Street between Broome and Grand Street; Currently rented by multiple tenants; can be delivered vacant; Located among major retail and fashion brands including Isabel Marant, Acne Studios, Alexander Wang, Celine, Morgane Le Fay, and Zadig & Voltaire
