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21 W 35th St 6,516 SF 100% Leased Retail Building New York, NY 10018 $13,500,000 ($2,071.82/SF)
INVESTMENT HIGHLIGHTS
- New Renovated
- Rooftop Views of the Empire State Building
- Stunning Restaurant and Cocktail Lounge
EXECUTIVE SUMMARY
Located at 21 W 35th Street, this newly renovated three-story retail building features a stunning restaurant and a rooftop cocktail lounge. The ground and second floors are leased to Yumi Yaki by Chubby Cattle, while the rooftop is leased to the owners of LouLou's NYC. Both spaces operate under NNN leases. The building underwent a complete gut renovation, including the addition of a fully equipped kitchen in the basement. The rooftop space boasts a retractable roof, making it ideal for warmer months. Ownership has invested approximately $8 million into transforming the property. Situated in a prime location with easy access to multiple subway lines—N, Q, R, W, 1, 2, 3, B, D, F, and M—the property is close to Herald Square, Koreatown, NoMad, and Penn Station. The area experiences high foot traffic and is surrounded by popular dining destinations, including several renowned spots from Hand Hospitality.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,516 SF
Building Class
B
Year Built
2024
Price
$13,500,000
Price Per SF
$2,071.82
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.99
Lot Size
0.05 AC
Zoning
M1-6 - Light industrial with offices, hotels, and most retail uses permitted
Frontage
AMENITIES
- Restaurant
- Air Conditioning
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0837-0029 | Improvements Assessment | $1,079,550 |
| Land Assessment | $702,000 | Total Assessment | $1,781,550 |
PROPERTY TAXES
Parcel Number
0837-0029
Land Assessment
$702,000
Improvements Assessment
$1,079,550
Total Assessment
$1,781,550
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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21 W 35th St
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