Listed by RIPCO Real Estate
$3,400,000
9 Jones St
Details
Property Type Retail, Mixed Use
Sub Type Restaurant, Commercial
Units 7
Cap Rate 6.15%
NOI $209,216
Occupancy 100%
Brand/Tenant Foursome
Lease Term 10
Lease Expiration 06/30/2034
Remaining Term 8.7
Lease Options one-time 5-year renewal option
Price per SqFt $1,192
Year Built 1902
Year Renovated 1983
Buildings 1
Stories 7
Lot Size (SqFt) 2,500
Zoning R6, C1-5
Lease Commencement 06/30/2024
Retail | 6.15% CAP
Marketing description
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..
Investment highlights
- 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.
Listing Contacts
Listed by RIPCO Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$209,216.00
$17,434.67/mo
Valuation Metrics
0
DSCR
6.15%
Cap Rate
6.15%
ROI
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