Property summary
This exceptional 432-square-foot commercial space presents a unique investment opportunity in the vibrant Two Bridges neighborhood of Manhattan's Lower East Side. Located at 34B Monroe Street, New York, NY 10002, this single-tenant property offers versatile use as either retail or office space, making it ideal for a variety of businesses. The property benefits from its strategic location at the base of the 1590-unit Knickerbocker Village, ensuring high foot traffic and visibility. Its convenient access to multiple transportation options is a significant advantage. Nearby subway lines include the F train at East Broadway and the B/D trains at Grand Street. Numerous bus lines also serve the area, including the M15, M22, SIM3, SIM11, SIM31, SIM6, M9, and M103. The surrounding area boasts a thriving mix of businesses, including the Downtown Music Gallery, Minimotors NYC, several popular restaurants (Hwa Yuan Szechuan, Dim Sum Go Go, Golden Unicorn, Golden Diner, Mei Lai Wah), the Museum at Eldridge Street, and various other retail establishments such as K&K Food Deli, Madison Wine & Liquor, Famous Calabria Pizza, Madison Bagel & Grill, Super Fresh Supermarkets, and Starbucks. This prime location offers unparalleled access to a dense residential population and a diverse clientele. The property is classified as Retail and Office, with a Studio Space subtype. This presents a rare opportunity to establish a business in a high-demand area with excellent transit connections and a strong existing commercial presence.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
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