21St St New York, NY 10010
- Retail properties
- 1,500 SF
Current Use by Public Records
- Retail properties
Property Details for 0 21St St
- Property size
- 1,500 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
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
- -73.985
- Latitude
- 40.7379
