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    21St St New York, NY 10010

    Sponsored
    For Sale
    $1,600,000

    High-income, established bagel store. Prime Manhattan location.

    Property size:
    1,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a thriving, high-income-generating bagel shop in Manhattan, New York. Located on E 21st St, in the 10010 zip code, this retail property boasts 1,500 square feet on the ground floor and an additional 1,500 square feet in the basement. Currently operating under a triple net (NNN) lease with 10 years remaining, the property generates a substantial monthly income of approximately $16,500, with the potential for a lease extension at an increased monthly rent of $17,500. The business itself shows impressive profitability, with a gross weekly income of $36,000 and a net monthly income ranging from $30,000 to $40,000. The shop operates six days a week, from 6 am to 5 pm, and employs eleven staff members. The asking price for this turnkey operation is $1,600,000. This represents a compelling price per square foot of $1,066.67, reflecting the strong financial performance and prime Manhattan location. The property is a single-tenancy retail space, offering a stable and lucrative investment prospect.

    Property Features for 0 21St St

    General Information

    Property type
    Restaurants
    Square Feet
    1,500 SF

    HighLights

    • High‑income‑generating bagel shop in Manhattan's 10010 zip code.
    • 1,500 SF ground floor + 1,500 SF basement retail space.
    • NNN lease with 10 years remaining, $16,500/month rent, potential for $17,500/month renewal.
    • $1,600,000 asking price, $1,066.67/SF.
    • Strong financial performance: $36,000 gross weekly income, $30,000-$40,000 net monthly income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.984980284275
    Latitude
    40.737933053693

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    FAQs

    What type of property is this?
    Restaurant - High-income, established bagel store. Prime Manhattan location.
    Where is this restaurant located?
    The property is located at 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-income-generating bagel shop in Manhattan's 10010 zip code.; 1,500 SF ground floor + 1,500 SF basement retail space.; NNN lease with 10 years remaining, $16,500/month rent, potential for $17,500/month renewal.
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    21St St New York, NY 10010
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    New York, NY 10010
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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
    21St St New York, NY 10010
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