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20453164
20453165

306 W 13th St, New York, NY 10014

MM
NY 10491203132
Marshall Real Estate, LLC
Listed by Marshall Real Estate, LLC
$2,360,000
591 days on market
Updated 173 days ago

306 West 13th Street

Details
Property Type Retail
Sub Type Restaurant
Square Footage 2,478
Tenancy Vacant
Pro-Forma Cap Rate 7.33%
Pro-Forma NOI $173,000
Broker Co-Op Yes
Investment Type Value Add

Retail | 2,478 SF

Marketing description

Marshall Real Estate LLC (“MRE”) is pleased to present the exclusive offering for the long-term retail leasehold on the ground floor and basement commercial cooperative located at the base of 306 West 13th Street. The storefront sits at the base of a boutique, mixed-use, cooperative building which lies between 8th Avenue and Hudson Street. The retail property offers approximately 1,239 square feet of grade level space as well as a full 1,239 square foot basement space. The retail space will be delivered vacant allowing for a variety of options for both investors and users.

Located on the edge of the Northern part of the West Village and the eastern side of the Meatpacking District, the retail unit benefits from tremendous co-tenancy with an eclectic mix of bars, restaurants, cafes and high-end luxury retailers. The neighborhood also benefits from both an extremely high residential density as well as newly developed, Class A, office buildings that surround the area. A central location, near multiple subway lines, makes the retail location accessible and benefits from being positioned in between two of the most sought-after retail corridors in Manhattan.

The retail offering provides both investors and users with a unique opportunity to reposition the retail space to maximize the potential of this location. The location benefits from low carrying costs and features tremendous co-tenancy with neighboring retailers that include LaserAway, Marni, Starbucks, Zimmerman, Hermes, Sweetgreen, Theory and Restoration Hardware.

Investment highlights

• Prime retail location in Meatpacking District

• Low annual property expenses

• All uses considered

• Approx. 22’ of frontage on West 13th Street

• 10’6” ceiling heights

• Accessible subway stations include the

1, 2, 3, A, C, E and L lines.

Listing Contacts

MM
NY 10491203132
Marshall Real Estate, LLC
Listed by Marshall Real Estate, LLC

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