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    151 Chrystie St New York, NY 10002

    For Lease
    $1,308 /Mo ($2 SF/Yr)

    Prime Lower East Side location, 2,200 sq ft.

    Lot size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2,200 square foot bar and restaurant space is located at 151 Chrystie Street, on a bustling Lower East Side block in New York County, NY 10002. The property, situated between Delancey Street and Rivington Street, is part of a four-story, Class B building constructed in 1910. The space itself is a single-tenant retail offering within a larger 7,500 square foot building. It features a full kitchen equipped with gas and venting, and boasts a very wide frontage, ideal for attracting customers. The space is perfect for a variety of food and beverage concepts. The building does not have elevators. Floor plans are available upon request, and the space can be leased furnished if desired. This vibrant Lower East Side location is surrounded by numerous successful retailers, bars, restaurants, and cafes, ensuring high foot traffic and a strong customer base. This is a rare opportunity to secure a prime location in one of New York City's most sought-after neighborhoods.

    Property Features for 151 Chrystie St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,500 SF
    Class
    B
    Total Rate
    1308

    Building Details

    Year Built
    1910
    Stories
    4

    Unit(s) available at that property

    Space
    Size
    2,200 SF
    Rate per SF
    $1,308
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    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
    -73.9929649
    Latitude
    40.7203151

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    FAQs

    What type of property is this?
    Restaurant - Prime Lower East Side location, 2,200 sq ft.
    Where is this restaurant located?
    The property is located at 151 Chrystie St New York, NY.
    What is the lease rate?
    The lease rate is $1,308 /Mo.
    Request Owner's contact information
    151 Chrystie St New York, NY 10002
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    New York, NY 10002
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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
    151 Chrystie St New York, NY 10002
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