38 Grand St New York, NY 10013-6201
- Retail residential properties
- 8,045 SF
- 0.04 lot acres
Current Use by Public Records
- Crispy Heaven bakery and restaurant / Breakfast Restaurant / Brunch Restaurant
- Danny Boy / Plumber
Property Details for 38 Grand St
- Year built
- 1900
- Lot size
- 0.04 lot acres
- Property size
- 8,045 SF
- Zone code
- M15R10
- Property type
- Retail residential properties
- APN
- 00476-0088
- APU
- 4760088
Description
This exceptional 800-square-foot retail space, previously occupied by Crispy Heaven, is available for lease in the heart of Soho. Fully built-out in 2020 with all permits secured, the space boasts a turn-key setup including a vented multi-level electrical oven, refrigerators, ice machine, wash stations, grease trap, and water heater. Its prime location on Grand Street offers high visibility and heavy foot traffic, benefiting from proximity to luxury hotels, high-end retailers, and the vibrant energy of Canal Street. The stylish and inviting design is perfect for a cafe or bakery targeting professionals, residents, and tourists. This space presents an unparalleled opportunity for growth and expansion within one of Manhattan's most desirable retail and dining districts. Its excellent accessibility, with nearby subway lines, ensures a consistent flow of customers. The space is ready for immediate occupancy, allowing a new operator to capitalize on the established infrastructure and high-demand location. This is an exceptional opportunity to establish or expand a thriving business in the sought-after Soho neighborhood.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,275,000
- 6.5%
- $3,945,000
- 7%
- $3,665,000
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Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -74.0042
- Latitude
- 40.7227
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
