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    16Th St New York, NY 10011

    Sponsored
    For Lease
    $66 SF/Yr

    900 SF Turnkey Hair Salon, Great Location

    Lot size:
    900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 900-square-foot retail space is ideally situated in the vibrant Chelsea neighborhood of New York City, at W 16th Street, zip code 10011. Currently configured as a turnkey hair salon, this single-tenant property offers immense potential for a variety of uses, including a barbershop, coffee shop, or gallery. The space boasts a desirable layout, with 500 square feet on the ground floor and an additional 400 usable square feet in the lower level. Its prime location offers unparalleled visibility and accessibility, placing it within easy walking distance of the subway, ensuring high foot traffic and convenient access for customers. The asking rent is $6,000 per month. This property presents a unique opportunity for entrepreneurs seeking a well-established, move-in ready space in one of Manhattan's most sought-after areas. The address is conveniently located in the heart of Chelsea, offering excellent exposure and proximity to a diverse range of businesses and residential properties. The space is ready for immediate occupancy, minimizing setup time and maximizing return on investment. Serious inquiries are encouraged to explore this exceptional retail opportunity further. The property is located at W 16th St, New York, NY 10011.

    Property Features for 0 16Th St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    900 SF

    Unit(s) available at that property

    Space
    Size
    900 SF
    Rate per SF
    $66

    HighLights

    • 900‑square‑foot retail space in Chelsea, NYC (10011).
    • Currently configured as a hair salon, suitable for various uses.
    • Features 500 sq ft ground floor and 400 sq ft lower level.
    • Prime location with high foot traffic and excellent visibility near subway access.
    • Asking rent: $6,000/month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9993879
    Latitude
    40.7403878

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    FAQs

    What type of property is this?
    Restaurant - 900 SF Turnkey Hair Salon, Great Location
    Where is this restaurant located?
    The property is located at 16Th St New York, NY.
    What is the lease rate?
    The lease rate is $66 SF/Yr.
    What are key features of this property?
    This property features: 900-square-foot retail space in Chelsea, NYC (10011).; Currently configured as a hair salon, suitable for various uses.; Features 500 sq ft ground floor and 400 sq ft lower level.
    Request Owner's contact information
    16Th St New York, NY 10011
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    New York, NY 10011
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16Th St New York, NY 10011
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