E 21st St, New York, NY 10010

Listing agent Sung Cho License #10301203280

Listing office Midtown Commercial Real Estate Show Phone

Listing date Mar 9, 2023

Source Crexi

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Overview

This property features a 1,500-square-foot ground floor space with an additional 1,500-square-foot basement. The current lease has a remaining term of 7 years, with the possibility of negotiating a new 10-year lease or extending the existing lease, subject to a monthly rent increase of $1,000. The current monthly rent is $16,500. The business generates a gross weekly income of $36,000, with a net monthly income ranging from $30,000 to $40,000. The business operates from 6 AM to 5 PM and employs 11 people. The asking price for key money is $1,600,000.

Map

City

New York

County

New York

State

New York

Longitude

-73.9608662

Latitude

40.6542279

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FAQs

What type of property is this?

Retail space - Retail space with basement, existing lease, high income potential.

Where is this retail space located?

The property is located at E 21st St New York, NY.

What is the asking price?

The asking price for this property is $1,600,000.

What are key features of this property?

This property features: High Net Monthly Income: $30,000 - $40,000; Strong Gross Weekly Income: $36,000; Existing Lease: 7 years remaining with options for extension