Property profile

68 Franklin Pl New York, NY 10013

OFF-MARKET
Retail properties & Spaces
5,560 SF
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Property summary

AI-generated overview

This exceptional retail property at 68 Franklin Place, New York, NY 10013, offers 5,560 square feet of space in a vibrant neighborhood. The property is zoned M1-5A and features multiple tenancies, with a minimum divisible space of 2,426 square feet and a maximum contiguous space of 5,044 square feet. Currently, 10,604 square feet are vacant, presenting a significant opportunity for businesses seeking a high-visibility location. The building's design allows for versatile customization to suit various business needs. High ceilings and modern fixtures create an attractive and comfortable environment for customers. The property benefits from high foot traffic and proximity to popular attractions, restaurants, and other businesses, ensuring a steady stream of potential customers. This location is ideal for a wide range of retail businesses, from boutiques and specialty shops to cafes and small-scale restaurants. The bustling neighborhood and diverse clientele create a favorable market for retailers seeking to establish or expand their presence in a highly desirable area of New York City. This is a unique opportunity to secure a prominent retail space in a thriving commercial district.

Property profile

Verified
Property type Retail properties & Spaces
Total area 5,560 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

68 Franklin Pl New York, NY 10013
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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