137 13Th St New York, NY 10003
- Retail properties
- 2,664 SF
Current Use by Public Records
- Silky Kitchen / Chinese Restaurant / Asian Restaurant
Property Details for 137 13Th St
- Year built
- 2006
- Property size
- 2,664 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional Class A, 2,664 square foot retail condominium is located in the highly desirable Union Square neighborhood of Manhattan, at 137 E 13th St, New York, NY 10003. The property, built in 2006 and renovated in 2015, boasts a 100% occupancy rate with a single tenant under a Net Net + (NN+) lease expiring April 1, 2028, providing a remaining lease term of five years. The current monthly rent is $14,205, generating a substantial Net Operating Income (NOI) of $106,390. Features include central air conditioning, high ceilings, and outdoor space, along with a partial basement and backyard. The property sits on a 2,500 square foot lot and is zoned C4. This is a core investment opportunity in a prime location, minutes from NYU and public transportation, making it ideal for a 1031 exchange. The asking price is $2,850,000, representing a price per square foot of $1,069.82. This single-unit condominium offers a stable income stream and significant upside potential in a vibrant Manhattan market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9883
- Latitude
- 40.7329
