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4334164
4334163

2 Pike St, New York, NY 10002

SL
NY10311206078
Simon Lou / Hotel Real Estate Group
Listed by Simon Lou / Hotel Real Estate Group
$8,000,000
1931 days on market
Updated 6 days ago

Manhattan / Parking Garage or Retail Use / 3 Level Bmt Condo

Details
Property Type Retail
Sub Type Storefront
Square Footage 27,000
Net Rentable (SqFt) 27,000
Units 1
Cap Rate 12.5%
NOI $1,000,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 1.5
Lease Expiration 09/13/2022
Pro-Forma Cap Rate 12.5%
Pro-Forma NOI $1,000,000
Price per SqFt $296
Year Built 2019
Year Renovated 2019
Buildings 1
Stories 13
Lot Size (SqFt) 10,000
Zoning C6-1G
Parking Spaces 50 spaces
Parking per 1,000 SqFt 1.85
Investment Type Value Add
Tenant Credit No Credit Rating
Lease Commencement 03/31/2021
Occupancy Date 03/31/2021
Ownership Private

3 level garage / retail space 27,000 sq. ft. only $8,000,000 can make deal

Marketing description



The 3 level of Basement Condo have total sq. ft. is approximately 27,000 sq. ft. The elevators stops on all these floors. The asking price is $9 millions, only $350 per sq. ft., $8 millions make deal


Although its CO use is for Garage, but my other customer was talking to his architect and change the use to a food court with many kitchen down there. I believe his architect said OK and it is allowed to do so. I will suggest you to talk to your architect too.


The property is newly built completed in 2019 ... located at the corner of East Broadway and Pike Street.


Thank you

Exclusive Broker:
Hotel Real Estate Group
Simon Lou
President / CEO
445 Park Av 9th Floor
New York NY 10022
M: +1 917 328 3611
E: [email protected]

Investment highlights

The 3 level of Basement Condo have total sq. ft. is approximately 27,000 sq. ft. The elevators stops on all these floors. The asking price is $9 millions, only $350 per sq. ft., $8 millions make deal


Although its CO use is for Garage, but my other customer was talking to his architect and change the use to a food court with many kitchen down there. I believe his architect said OK and it is allowed to do so. I will suggest you to talk to your architect too.


The property is newly built completed in 2019 ... located at the corner of East Broadway and Pike Street.


Thank you

Hotel Real Estate Group
Simon Lou
President / CEO
445 Park Av 9th Floor
New York NY 10022
M: +1 917 328 3611
E: [email protected]


Listing Contacts

SL
NY10311206078
Simon Lou / Hotel Real Estate Group
Listed by Simon Lou / Hotel Real Estate Group

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Loan Amount
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Annual Cash Flow
$1,000,000.00
$83,333.33/mo

Valuation Metrics

0
DSCR
12.5%
Cap Rate
12.5%
ROI

Map

Zoning

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C6-1G CommercialGeneral CommercialGeneral Central Commercial
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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