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    55 Bethune St New York, NY 10014

    For Lease
    Contact for pricing

    Prime West Village Theater - 5,629 SF

    Lot size:
    650,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 5,629 square foot commercial space, located at 55 Bethune Street, Suite 1804 in New York, NY 10014, presents a unique opportunity. Situated on the ground floor within a 13-story, 650,000 square foot building in the Hudson Square submarket, this single-tenant property is currently configured as a 50-seat theater. The space boasts a lengthy stage, 12-foot ceilings, a lighting grid, and stadium-style seating, making it an ideal turnkey black box theater. Features include a box office, lobby, workshop, and ample storage areas. The unit faces a courtyard and is set back from Bank Street, offering convenient ADA access via Bank Street. Its location within the Westbeth campus provides excellent visibility and access to a diverse demographic, including the Westbeth Welcome Center and Westbeth Artist Gallery. This thriving mixed-use campus offers shared outdoor space, further enhancing the property's appeal. The space is perfect for a variety of uses, benefiting from its prime West Village location and ready-to-go theater setup. This is a rare opportunity to acquire a well-equipped, established performance space in a highly desirable area.

    Property Features for 55 Bethune St

    General Information

    Property type
    Theaters & concert halls
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    650,000 SF

    Building Details

    Stories
    13

    Unit(s) available at that property

    Space
    Size
    5,629 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Joan Roberts Garcia Sculpture Thrash Studio Video Production Service EricoPilates Pilates Studio Ann Hamilton Vintage Clothing Alteration Service

    Suggested Use

    Law Firm Restaurant Realty agency 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
    -74.0088113
    Latitude
    40.7366072

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    FAQs

    What type of property is this?
    Theater & concert hall - Prime West Village Theater - 5,629 SF
    Where is this theater & concert hall located?
    The property is located at 55 Bethune St New York, NY.
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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
    55 Bethune St New York, NY 10014
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