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9 Jones St - Retail Co-op 2,850 SF Retail Condo Unit Offered at $3,200,000 in New York, NY 10014
PROPERTY FACTS
| Total Building Size | 19,091 SF | Floors | 7 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 2,121 SF |
| Property Subtype | Apartment | Year Built | 1926 |
| Building Class | C | Lot Size | 0.06 AC |
| Zoning | R6 - Medium density residential district | ||
| Total Building Size | 19,091 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 7 |
| Typical Floor Size | 2,121 SF |
| Year Built | 1926 |
| Lot Size | 0.06 AC |
| Zoning | R6 - Medium density residential district |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Basement
1 UNIT AVAILABLE
Unit Ground Floor Retail
| Unit Size | 2,850 SF | Sale Type | Investment |
| Price | $3,200,000 | Cap Rate | 6.54% |
| Price Per SF | $1,122.81 | NOI | $209,206 |
| Condo Use | Retail | Sale Conditions | 1031 Exchange |
| Unit Size | 2,850 SF |
| Price | $3,200,000 |
| Price Per SF | $1,122.81 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.54% |
| NOI | $209,206 |
| Sale Conditions | 1031 Exchange |
DESCRIPTION
Co-op
Tenant: Foursome
Lease Commencement: July 1, 2024
Lease Expiration: June 30, 2034
Renewal Option: One 5-year option
Extension Option: Rent Increase 3% continual increases
SALE NOTES
RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of the retail co-op located at 9 Jones Street, New York, NY (the "Property"). The retail co-op at 9 Jones Street, New York, NY 10014, is a prime 2,000-square-foot ground-floor commercial space with an additional 850-square-foot basement, offering a compelling investment opportunity in the heart of the West Village. Housed in a 7-story pre-war cooperative (built 1902, renovated 1983) with six residential units and one commercial unit, the space is leased to Foursome Restaurant under a 10-year agreement (July 1,2024-June 30, 2034) with a one-time 5-year renewal option, ensuring stable rental income. The tenant's $750,000+ investment in a high-quality build-out enhances the property's value and functionality. Located between West 4th and Bleecker Streets, the building benefits from high foot traffic, historic charm, and proximity to Washington Square Park, NYU, and major subway lines (A, C, E, B, D, F, M, 1). Zoned C1-5, this versatile retail space is an attractive asset for investors seeking a high-demand property in an affluent, vibrant neighborhood.
Floor Plan
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | - |
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9 Jones St - Retail Co-op
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