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    86 3Rd St New York, NY 10003

    For Lease
    $156 SF/Yr

    900 sq ft, Immediate Occupancy, No Broker Fees

    Lot size:
    900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 900-square-foot retail space, located in the vibrant East Village submarket, is now available for immediate occupancy. The property features a desirable single-tenant setup, perfect for a diverse range of businesses. The space includes a bonus basement area for added storage, enhancing its functionality and appeal. Monthly rent is set at $6,500, offering competitive pricing for this prime location. Lease terms are negotiable, providing flexibility to suit your specific business needs. The property's versatility makes it ideal for various uses, including but not limited to restaurants, cafes, boutiques, salons, or other retail establishments. This is a rare opportunity to secure a well-situated, move-in-ready space in one of Manhattan's most sought-after neighborhoods. Don't miss out on this chance to establish your business in a thriving and dynamic environment. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 86 3Rd St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    900 SF

    Unit(s) available at that property

    Space
    Size
    900 SF
    Rate per SF
    $156

    HighLights

    • 900 SF retail space, plus basement storage.
    • $6,500/month rent.
    • Immediate occupancy.
    • Negotiable lease terms.
    • No broker fees.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nine Cases Wine Bar Il Mulino - Downtown ... Italian Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    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
    -73.9882151
    Latitude
    40.7246617

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    FAQs

    What type of property is this?
    Restaurant - 900 sq ft, Immediate Occupancy, No Broker Fees
    Where is this restaurant located?
    The property is located at 86 3Rd St New York, NY.
    What is the lease rate?
    The lease rate is $156 SF/Yr.
    What are key features of this property?
    This property features: 900 SF retail space, plus basement storage.; $6,500/month rent.; Immediate occupancy.
    Request Owner's contact information
    86 3Rd St New York, NY 10003
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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
    86 3Rd St New York, NY 10003
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