137 13Th St New York, NY 10003
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Prime Manhattan restaurant, strong NOI.
Property size:
2,664 SFProperty Features for 137 13Th St
General Information
- Property type
- Retail properties & Spaces
- Square Feet
- 2,664 SF
- Class
- A
Building Details
- Year Built/Renovated
- 2006/2015
- Buildings
- 1
- Stories
- 1
- Units
- 1
Listing Agency: Papp Realty Listing Agent: Romero Papp
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional Class A, 2,664 square foot retail condominium is located in the highly desirable Union Square neighborhood of Manhattan, at 137 E 13th St, New York, NY 10003. The property, built in 2006 and renovated in 2015, boasts a 100% occupancy rate with a single tenant under a Net Net + (NN+) lease expiring April 1, 2028, providing a remaining lease term of five years. The current monthly rent is $14,205, generating a substantial Net Operating Income (NOI) of $106,390. Features include central air conditioning, high ceilings, and outdoor space, along with a partial basement and backyard. The property sits on a 2,500 square foot lot and is zoned C4. This is a core investment opportunity in a prime location, minutes from NYU and public transportation, making it ideal for a 1031 exchange. The asking price is $2,850,000, representing a price per square foot of $1,069.82. This single-unit condominium offers a stable income stream and significant upside potential in a vibrant Manhattan market.
Property Profile
Location Intelligence
Current Use by Public Records
Silky Kitchen
Restaurant
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9882884
- Latitude
- 40.7329306
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FAQs
What type of property is this?
Retail property - Prime Manhattan restaurant, strong NOI.
Where is this retail property located?
The property is located at 137 13Th St New York, NY.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Prime 2,649 SF retail condo for sale in Manhattan's Union Square, near NYU and public transit.; Features partial basement and backyard.; Includes central AC, high ceilings, and outdoor space.
