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    21 Avenue B New York, NY 10009

    Sponsored
    For Lease
    $144 SF/Yr

    Prime NYC Retail, Immediate Occupancy

    Lot size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 1,000 square foot retail space is located at 21 Avenue B in New York, NY 10009. Boasting 12 feet of frontage on Avenue B, this single-tenant property offers immediate occupancy. The space is ideal for a variety of uses, including restaurants, thanks to existing venting and a gas line already in place. A spacious basement provides valuable storage. Currently priced at $12,000 per month, a unique incentive is available: six months of tenant improvements ($72,000) and six months of free rent are being offered. The lease term is negotiable. This ground floor location presents a fantastic opportunity for a business seeking a high-visibility storefront in a vibrant New York City neighborhood. The property's convenient location and attractive financial incentives make it a compelling investment. Don't miss this chance to secure a prime retail space in a thriving area. Contact us today to schedule a viewing.

    Property Features for 21 Avenue B

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,000 SF

    Unit(s) available at that property

    Space
    Size
    1,000 SF
    Rate per SF
    $144

    HighLights

    • 1,000 sq ft retail space at 21 Avenue B, New York, NY 10009.
    • 12‑foot Avenue B frontage, single‑tenant occupancy.
    • Suitable for restaurants; existing venting and gas line.
    • Spacious basement storage.
    • $12,000/month rent; $72,000 tenant improvement allowance and six months free rent offered.
    Property Profile Location Intelligence

    Current Use by Public Records

    Terminal B Mart ... Coffee Shop Venhue Fine Dining Restaurant

    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
    -73.983154
    Latitude
    40.7221008

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    FAQs

    What type of property is this?
    Retail property - Prime NYC Retail, Immediate Occupancy
    Where is this retail property located?
    The property is located at 21 Avenue B New York, NY.
    What is the lease rate?
    The lease rate is $144 SF/Yr.
    What are key features of this property?
    This property features: 1,000 sq ft retail space at 21 Avenue B, New York, NY 10009.; 12-foot Avenue B frontage, single-tenant occupancy.; Suitable for restaurants; existing venting and gas line.
    Request Owner's contact information
    21 Avenue B New York, NY 10009
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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
    21 Avenue B New York, NY 10009
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