Property profile

81 Catherine St New York, NY 10038

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

81 Catherine St New York, NY 10038
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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