246 38Th St New York, NY 10018
This exceptional 7,140 square foot retail property, located at 65 Pleasant Street in Claremont's vibrant downtown, presents a unique investment opportunity. The building, constructed in 1935, features four stories and offers multiple tenancy options. Two spaces are currently available, ranging from 3,140 to 4,000 contiguous square feet, with the entire 7,140 square feet also available. The open floor plan allows for diverse uses, including dining, brewery, bar, or other retail establishments requiring a large footprint. The property boasts excellent street exposure on both Pleasant and School Streets, abundant natural light from numerous windows, and multiple entrances/exits. A significant advantage is the availability of the entire fourth floor (over 4,000 square feet) with exclusive rooftop access, ideal for a restaurant seeking outdoor seating and stunning downtown and mountain views. An elevator is conveniently installed within the building. On-street parking is available on Pleasant Street. The property sits on a 0.07-acre lot and is zoned MU. The building's APN is 120-70, located in Sullivan County. City approvals may be necessary depending on the intended use. The owner is seeking a collaborative tenant to help bring this space to its full potential. This is one of the largest retail spaces available on Pleasant Street.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.