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    108 South St New York, NY 10038

    Sponsored
    For Lease
    Contact for pricing

    NYC Retail: 1,050-1,100 SF Available

    Lot size:
    2,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2,150 square foot retail space at 108 South Street in New York City's vibrant Tribeca neighborhood offers unparalleled visibility and accessibility. Currently entirely vacant, the property is divisible into units ranging from 1,050 to 1,100 contiguous square feet, making it ideal for a variety of businesses. The space boasts a highly desirable location directly across from the Jean-Georges 50,000 square foot food hall at the Tin Building and the Fulton Market Building, ensuring high foot traffic from tourists, office workers, and residents. Its proximity to the revitalized South Street Seaport and the Wall Street Ferry at Pier 11 further enhances its appeal. This second-generation vented restaurant space meets all Office of Cannabis Management (OCM) requirements for approval, opening up additional possibilities for prospective tenants. All uses are accepted. The property also includes up to 1,200 square feet of basement space, and there's potential for constructing a storage mezzanine to maximize functionality. This location is perfect for gallery and design tenants, situated in the heart of the burgeoning North East Tribeca Art and Design District. Located in New York County, NY, with a zip code of 10038, this property presents a unique opportunity for businesses seeking a high-profile presence in a dynamic and thriving area.

    Property Features for 108 South St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,150 SF

    Unit(s) available at that property

    Space
    Ground Floor
    Size
    1,100 SF
    Space
    Second Floor
    Size
    1,050 SF

    HighLights

    • 2,150 square foot retail space in Tribeca, NYC.
    • Divisible into 1,050‑1,100 sq ft units.
    • High foot traffic location across from Jean‑Georges' Tin Building and Fulton Market.
    • Second‑generation vented restaurant space, OCM‑compliant.
    • Includes up to 1,200 sq ft of basement space, potential for mezzanine.
    • Ideal for gallery and design tenants in North East Tribeca Art and Design District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Di Fara Pizza Pizza Restaurant Raimondo Galeano Artist

    Suggested Use

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

    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
    -74.0020694
    Latitude
    40.7070981

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    FAQs

    What type of property is this?
    Retail property - NYC Retail: 1,050-1,100 SF Available
    Where is this retail property located?
    The property is located at 108 South St New York, NY.
    What are key features of this property?
    This property features: 2,150 square foot retail space in Tribeca, NYC.; Divisible into 1,050-1,100 sq ft units.; High foot traffic location across from Jean-Georges' Tin Building and Fulton Market.
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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
    108 South St New York, NY 10038
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