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75 Little West StNew York, NY 10004

10,000 SF Retail, Bowling Green, NY

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 10,000 square foot retail space at 75 2nd Place, located in the prestigious Bowling Green neighborhood of New York City (zip code 10004), presents a unique investment opportunity. Situated at the base of a 247-unit luxury condominium building, this property benefits from a high concentration of wealthy residents, with an average building unit sales price of $2 million and an average monthly rental price of $8,416. The surrounding area boasts a high average household income of $273,599 and a total population of 10,015. The property includes an attended, single-level parking garage with ramped entry and stackers, accommodating approximately 100 vehicles. Parking demand significantly exceeds supply, with 90-95 monthly parkers and an average of 20-30 daily transients. Financial performance is strong, with a pilot period (November 2022 - October 2023) generating $228,585.32 in revenue and $90,860.16 in CAM expenses. The property's prime location offers unparalleled access to major attractions, including the Museum of Jewish Heritage, Hudson River Esplanade, The Skyscraper Museum, Statue of Liberty Ferry Terminal, and the 9/11 Memorial, as well as Brookfield Place. This is an exceptional opportunity to acquire a high-performing retail property in one of Manhattan's most desirable locations. The property's address is 75 2nd Place / 70 Little West Street, New York, NY 10004.

Highlights

  • High concentration of wealthy residents in the Bowling Green neighborhood.
  • 10,000 SF retail space at the base of a 247-unit luxury condo building with $2M average unit sales price and $8,416 average monthly rent.
  • High demand for parking exceeding supply; 90-95 monthly parkers and 20-30 daily transients.
  • Attended, single-level parking garage with ramped entry, stackers, and 100-vehicle capacity.
  • Strong financial performance: $228,585.32 revenue and $90,860.16 CAM expenses (Nov 2022 - Oct 2023).
  • Prime location near Museum of Jewish Heritage, Hudson River Esplanade, Skyscraper Museum, Statue of Liberty Ferry, 9/11 Memorial, and Brookfield Place.

Property Details for 75 Little West St

Property type
Retail properties
Square Feet
10,000 SF

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7064884
Longitude
-74.0174319
75 Little West St, New York, New York

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75 Little West St
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