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    159 4Th St New York, NY 10014

    For Lease
    $108,000

    New, 1290 sq ft retail space; great West Village location.

    Lot size:
    1,290 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This newly constructed 1,290 square foot retail space in the West Village offers a prime commercial opportunity. Located on West 4th Street, the space boasts 20 feet of frontage, ensuring high visibility and foot traffic. The property is a single-tenant space, perfect for a variety of uses, with the landlord open to considering percentage rent deals based on tenant sales. A brand new storefront is already installed, and the landlord will install venting to accommodate restaurant use. The space includes existing HVAC, making it move-in ready. Currently, the monthly rent is $9,000, with a negotiable lease term. An attractive incentive is being offered: six months of tenant improvements ($54,000) and six months of free rent. Immediate possession is available. This exceptional location and generous incentives make this a truly unique opportunity for a discerning tenant. The property is classified as a food-related retail space within New York County.

    Property Features for 159 4Th St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,290 SF
    Total Rate
    108000

    Unit(s) available at that property

    Space
    Size
    1,290 SF
    Rate per SF
    $108,000

    HighLights

    • Retail space in the West Village, New York County.
    • Single‑tenant occupancy, 1,290 square feet.
    • $9,000/month rent, negotiable terms.
    • 20‑foot frontage on West 4th Street.
    • Immediate possession available; landlord offering incentives.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -74.001281359726
    Latitude
    40.731977427303

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    FAQs

    What type of property is this?
    Retail property - New, 1290 sq ft retail space; great West Village location.
    Where is this retail property located?
    The property is located at 159 4Th St New York, NY.
    What is the lease rate?
    The lease rate is $108,000.
    What are key features of this property?
    This property features: Retail space in the West Village, New York County.; Single-tenant occupancy, 1,290 square feet.; $9,000/month rent, negotiable terms.
    Request Owner's contact information
    159 4Th St New York, NY 10014
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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
    159 4Th St New York, NY 10014
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