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    81 Catherine St New York, NY 10038

    For Lease
    Contact for pricing

    1,000 sq ft Restaurant, Single Tenant

    Lot size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1,000-square-foot retail space, ideally suited for a restaurant, is located in the vibrant Two Bridges neighborhood on Manhattan's Lower East Side. Situated at 81 Catherine Street, New York, NY 10038, this single-tenant property benefits from its prime location at the base of the 1590-unit Knickerbocker Village, ensuring high foot traffic and visibility. The property enjoys excellent public transportation access, with the F train at East Broadway and the B/D trains at Grand Street within easy reach. Numerous bus lines, including the M15, M22, SIM3, SIM11, SIM31, SIM6, M9, and M103, also serve the area, providing convenient access for both employees and customers. This thriving commercial corridor boasts a diverse range of established businesses, including the Downtown Music Gallery, Minimotors NYC, several popular restaurants (Hwa Yuan Szechuan, Dim Sum Go Go, Golden Unicorn, Golden Diner, Mei Lai Wah), the Museum at Eldridge Street, and various other retail and service providers such as Dynasty Weddings, NYC Party Booth, Happy Medium, Madison LES Hotel, K&K Food Deli, Madison Wine & Liquor, Famous Calabria Pizza, Madison Bagel & Grill, Super Fresh Supermarkets, and a Starbucks. This location offers unparalleled opportunities for a successful restaurant venture within a densely populated and highly accessible area of Manhattan. The property is categorized as Retail and Restaurant, with a single-tenant occupancy. New York County is the county location.

    Property Features for 81 Catherine St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,000 SF

    Unit(s) available at that property

    Space
    Size
    1,000 SF

    HighLights

    • 1,000 sq ft retail space, ideal for a restaurant, at 81 Catherine Street, NYC.
    • Located in the Two Bridges neighborhood on Manhattan's Lower East Side, at the base of a 1590‑unit residential building.
    • 28 ft of frontage on Catherine Street.
    • Excellent public transportation access (F train, B/D trains, multiple bus lines).
    • Second‑generation restaurant space; previously a pizza shop; suitable for various food uses (pizza, sandwich shop, ice cream, fried chicken).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    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
    -73.9964631
    Latitude
    40.7107348

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    FAQs

    What type of property is this?
    Restaurant - 1,000 sq ft Restaurant, Single Tenant
    Where is this restaurant located?
    The property is located at 81 Catherine St New York, NY.
    What are key features of this property?
    This property features: 1,000 sq ft retail space, ideal for a restaurant, at 81 Catherine Street, NYC.; Located in the Two Bridges neighborhood on Manhattan's Lower East Side, at the base of a 1590-unit residential building.; 28 ft of frontage on Catherine Street.
    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
    81 Catherine St New York, NY 10038
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