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    61 Sullivan St New York, NY 10012

    For Lease
    $40 SF/Yr ($2,000 /Mo)

    600 SF Basement Retail, Flexible Lease

    Lot size:
    600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 600-square-foot retail space is ideally situated in the heart of Manhattan's vibrant Soho neighborhood. Located at 61 Sullivan Street, zip code 10012, this single-tenant property offers a unique opportunity for a business seeking a high-visibility location. The space is entirely vacant and ready for immediate occupancy. A significant advantage is the property's configuration as a basement space with convenient street access via cellar doors, making it particularly suitable for storage-intensive businesses or those requiring easy loading and unloading capabilities. The total building square footage is 600 square feet, mirroring the vacant space available. The property is classified as commercial retail within New York County. This presents a rare chance to establish a presence in one of New York City's most sought-after retail districts. Flexible lease terms are available, providing adaptability to suit various business needs and growth plans. The property's location in the bustling Soho area ensures high foot traffic and excellent brand visibility. This is an exceptional opportunity for a business seeking a prime location with convenient access and flexible lease options. The property is located in New York, NY.

    Property Features for 61 Sullivan St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    600 SF
    Total Rate
    2000

    Unit(s) available at that property

    Space
    Available space
    Size
    600 SF
    Rate per SF
    $40

    HighLights

    • Zero‑foot frontage.
    • 8‑foot ceilings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store 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
    -74.0040579
    Latitude
    40.7242146

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    FAQs

    What type of property is this?
    Retail property - 600 SF Basement Retail, Flexible Lease
    Where is this retail property located?
    The property is located at 61 Sullivan St New York, NY.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: Zero-foot frontage.; 8-foot ceilings.;
    Request Owner's contact information
    61 Sullivan St New York, NY 10012
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    New York, NY 10012
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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
    61 Sullivan St New York, NY 10012
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