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137 E 13th St - Net-Leased Restaurant - 100% Occupied 3,300 SF Retail Condo Unit Offered at $2,200,000 in New York, NY 10003
Investment Highlights
- A ±1,676 SF Fully Vented Ground-Floor Retail Condominium
- Long-Term Restaurant Tenant in Place Providing Stable Income
- Located in Manhattan’s East Village Corridor Near Union Square
- Favorable Tax-Class 2C Protected Property with 2025/2026 Tax Bill of $65,796
Property Facts
Amenities
Site Amenities
- Elevator
1 Unit Available
Unit Retail Condo
| Unit Size | 3,300 SF | Sale Type | Investment |
| Price | $2,200,000 | Cap Rate | 6.09% |
| Price Per SF | $666.67 | NOI | $134,069 |
| Condo Use | Retail |
| Unit Size | 3,300 SF |
| Price | $2,200,000 |
| Price Per SF | $666.67 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.09% |
| NOI | $134,069 |
Description
Full Floor-Retail unit includes Basement and First Floor
Sale Notes
Marcus & Millichap is pleased to present 137 East 13th Street #1A, a 1,676-square-foot retail condominium located in Manhattan’s East Village neighborhood near Union Square. The space consists of fully vented, ground-floor retail currently leased long-term to a restaurant operator, providing investors with stable in-place income. Benefitting from 25 feet of frontage along East 13th Street, the Property is situated within a mixed-use building originally constructed in 1899 and renovated in 2006.
The retail condominium is tax-class 2C protected, providing favorable tax treatment for investors. The tenant structure is designed to minimize landlord responsibilities, with the tenant responsible for real estate taxes above the base year, CAM increases, and any special assessments, creating a highly efficient ownership structure. Positioned steps from Union Square and surrounded by dense residential, retail, and university-driven foot traffic, the offering represents a rare opportunity to acquire a stabilized Manhattan retail condominium with long-term tenancy in one of the city’s most active neighborhoods.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | - |
| Studios | 1 | - | 4,816 |
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Silky Hospitality inc Chinese Restaurant |
-
|
Jan 0000
|
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137 E 13th St - Net-Leased Restaurant - 100% Occupied
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