Manhattan Retail Condominium For
For Sale
Contact for pricing
137 E 13th St, New York, NY 10003
Prime retail condominium in Union Square, Manhattan, leased until 2035.
Property Size3,345 SF
Price / SF$926.76
Days on Market1131
Property Features for 137 E 13th St
General Information
Standard status
Active
Size
3,345 SF
Class
A
Property subtype
Retail
Zoning
C4
Occupancy
100%
Lease Type
NN
Net Operating Income
$139,387
Building Details
Year Built
2006
Year Renovated
2015
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Papp Realty
(718) 278-2450
Listed By:
Romero Papp · License #NY 10311206337
Source:
Crexi
Added: Jul 11, 2023
Changed: Aug 14
Last Checked: Aug 14 at 12:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Papp Realty
Investment Insights
Based on property information with market context.
This prime retail condominium is available for sale in Union Square, Manhattan, conveniently located near NYU University and public transportation. The space encompasses approximately 3345 square feet, including a partial basement and backyard. The first floor provides 1676 square feet, complemented by a 1350-square-foot cellar and a 328-square-foot backyard. Equipped with central air, high ceilings, and an outdoor space, the retail space is currently leased to a restaurant establishment until March 31, 2035, presenting an investment opportunity in Downtown Manhattan. The monthly rent is $18,000, with monthly common charges of $1,583. The annual real estate taxes are $66,119, and the annual insurance is $4,000. A 4% rent increase occurs annually, resulting in a net monthly income of $11,207. The annual net income is $134,489, with an annual tax add back of $4,898, bringing the total net annual income to $139,387.
Key Highlights
- Prime retail condominium in Union Square, Manhattan.
- Leased until 03/31/2035 to a restaurant establishment, providing immediate investment income.
- Annual net income of $139,387.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
36,561
Businesses Nearby
Explore this area
Business Placement
Demographics for 10003, NY
57,076
Population
30,730
Households
1.9
Avg Household Size
32
Median Age
82%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
95,127
Density / Sq Mi
$153,750
Median Household Income
$82,560
Median Earnings
$2,772
Median Rent
$1,137,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Prime retail condominium in Union Square, Manhattan, leased until 2035.
Where is this retail space located?
The property is located at 137 E 13th St New York, NY.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Prime retail condominium in Union Square, Manhattan.; Leased until 03/31/2035 to a restaurant establishment, providing immediate investment income.; Annual net income of $139,387.
