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    89 Stanton St New York, NY 10002

    For Lease
    $124 SF/Yr

    Prime LES Retail, 1500 SF, Immediate Occupancy

    Lot size:
    1,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional retail space, located on Stanton Street in the heart of the Lower East Side, offers an unparalleled opportunity for immediate occupancy. The property boasts a total of 1,500 square feet, strategically divided between a 1,000 square foot ground floor and a 500 square foot basement. The ground floor features an impressive 8' 10" ceiling height, providing ample space and a bright, open feel. The basement, with a 7' 4" ceiling height, offers additional storage or expansion potential. The storefront enjoys excellent visibility with a 17-foot frontage on Stanton Street, ensuring high foot traffic and prominent brand exposure. This single-tenant space is ideal for a variety of retail uses, making it a versatile option for discerning businesses. The monthly rent is $15,500, and the lease term is negotiable. Given its prime location and immediate availability, this property represents a rare and highly desirable investment opportunity in one of Manhattan's most vibrant and sought-after neighborhoods. All uses are considered, making this a truly flexible and adaptable space for a wide range of retail concepts. Don't miss this chance to secure a thriving retail presence in the dynamic Lower East Side. Contact us today to schedule a viewing.

    Property Features for 89 Stanton St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,500 SF

    Unit(s) available at that property

    Space
    Size
    1,500 SF
    Rate per SF
    $124

    HighLights

    • 1,500 SF retail space available for lease on Stanton Street in the prime Lower East Side of Manhattan.
    • $15,500/month rent.
    • Immediate occupancy.
    • All uses considered.
    • 17' of street frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market 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
    -73.9886722
    Latitude
    40.7213727

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    FAQs

    What type of property is this?
    Retail property - Prime LES Retail, 1500 SF, Immediate Occupancy
    Where is this retail property located?
    The property is located at 89 Stanton St New York, NY.
    What is the lease rate?
    The lease rate is $124 SF/Yr.
    What are key features of this property?
    This property features: 1,500 SF retail space available for lease on Stanton Street in the prime Lower East Side of Manhattan.; $15,500/month rent.; Immediate occupancy.
    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
    89 Stanton St New York, NY 10002
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