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    OFF-MARKET
    Retail properties & Spaces

    68 Franklin Pl, New York, NY 10013

    5,560 SF
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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