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    246 38Th St New York, NY 10018

    For Sale
    $7,500,000

    7,140 SF Retail, Multiple Units Available

    Property size:
    5,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 7,140 square foot retail property, located at 65 Pleasant Street in Claremont's vibrant downtown, presents a unique investment opportunity. The building, constructed in 1935, features four stories and offers multiple tenancy options. Two spaces are currently available, ranging from 3,140 to 4,000 contiguous square feet, with the entire 7,140 square feet also available. The open floor plan allows for diverse uses, including dining, brewery, bar, or other retail establishments requiring a large footprint. The property boasts excellent street exposure on both Pleasant and School Streets, abundant natural light from numerous windows, and multiple entrances/exits. A significant advantage is the availability of the entire fourth floor (over 4,000 square feet) with exclusive rooftop access, ideal for a restaurant seeking outdoor seating and stunning downtown and mountain views. An elevator is conveniently installed within the building. On-street parking is available on Pleasant Street. The property sits on a 0.07-acre lot and is zoned MU. The building's APN is 120-70, located in Sullivan County. City approvals may be necessary depending on the intended use. The owner is seeking a collaborative tenant to help bring this space to its full potential. This is one of the largest retail spaces available on Pleasant Street.

    Property Features for 246 38Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,900 SF

    HighLights

    • 7,140 SF retail building available for lease in Claremont, Sullivan County.
    • Two spaces available, totaling 7,140 SF, with a minimum divisible space of 3,140 SF and a maximum contiguous space of 4,000 SF.
    • Located on Pleasant Street with excellent street visibility.
    • Building features four stories, built in 1935, with on‑street parking.
    • Zoned MU (Mixed Use). APN: 120‑70. Lot size: 0.07 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Law Office of Keshab ... Law Firm Gordon Law, P.C. ... Immigration Attorney Global AMS Website Designer Mozzign Inc Media Company The Lash Studio Eyelash Salon

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Grocery Store Daycare Center Law Firm

    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
    -73.990525702123
    Latitude
    40.754003966699

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    FAQs

    What type of property is this?
    Individual retail property - 7,140 SF Retail, Multiple Units Available
    Where is this individual retail property located?
    The property is located at 246 38Th St New York, NY.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: 7,140 SF retail building available for lease in Claremont, Sullivan County.; Two spaces available, totaling 7,140 SF, with a minimum divisible space of 3,140 SF and a maximum contiguous space of 4,000 SF.; Located on Pleasant Street with excellent street visibility.
    Request Owner's contact information
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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
    246 38Th St New York, NY 10018
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