Retail Space with Basement
For Sale
Contact for pricing
E 21st St, New York, NY 10010
Retail space with basement, existing lease, high income potential.
Property Size1,500 SF
Price / SF$1,066
Days on Market1251
Property Features for E 21st St
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Retail
Lease Type
NNN
Building Details
Tenancy
Single
Listing Agency:
Midtown Commercial Real Estate
(212) 804-7712
Listed By:
Sung Cho · License #10301203280
Source:
Crexi
Added: Mar 9, 2023
Changed: Aug 8
Last Checked: Aug 9 at 3:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Midtown Commercial Real Estate
Investment Insights
Based on property information with market context.
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.
Key Highlights
- High Net Monthly Income: $30,000 - $40,000
- Strong Gross Weekly Income: $36,000
- Existing Lease: 7 years remaining with options for extension
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
50,664
Businesses Nearby
Explore this area
Business Placement
Demographics for 10010, NY
33,991
Population
19,014
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
0.4 sq mi
ZIP Area
84,978
Density / Sq Mi
$156,127
Median Household Income
$109,691
Median Earnings
$3,113
Median Rent
$1,037,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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
