For Sale
$2,360,000

306 13Th St New York, NY 10014

Prime NYC restaurant space, vacant, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a vacant, 2,478-square-foot restaurant space at 306 West 13th Street in New York, NY 10014. Located in the vibrant West Village, bordering the Meatpacking District, this property offers a prime retail location with approximately 22 feet of frontage on West 13th Street. The space features 10'6" ceiling heights and includes both ground floor and basement levels, each approximately 1,239 square feet. The property is situated in a mixed-use cooperative building, benefiting from a strong co-tenancy with a diverse range of high-end retailers, bars, restaurants, and cafes, including notable names such as LaserAway, Marni, Starbucks, Zimmerman, Hermes, Sweetgreen, Theory, and Restoration Hardware. The area boasts high residential density and proximity to newly developed Class A office buildings, ensuring a robust customer base. Convenient access to multiple subway lines (1, 2, 3, A, C, E, and L) further enhances its appeal. This value-add opportunity offers a pro-forma NOI of $173,000 and a pro-forma cap rate of 7.33%, making it an attractive investment for both users and investors seeking to capitalize on this desirable location. All uses are considered. The asking price is $2,360,000. Low annual property expenses contribute to the strong financial performance potential.

Highlights

  • Prime Meatpacking District retail space.
  • Low operating expenses.
  • Suitable for a variety of commercial uses.
  • 22 feet of frontage on West 13th Street.
  • 10'6" ceiling height.
  • Convenient access to 1, 2, 3, A, C, E, and L subway lines.

Property Details for 306 13Th St

Property type
Retail properties, Restaurants
Square Feet
2,478 SF

Location Insight

City
New York
County
New York
State
New York
Latitude
40.739293415751
Longitude
-74.003608455802

FAQs

What type of property is this?
Retail property - Prime NYC restaurant space, vacant, high NOI.
Where is the retail property located?
The property is located at 306 13Th St New York, NY.
What is the asking price?
The asking price for this property is $2,360,000.
What are key features of this property?
This property features: Prime Meatpacking District retail space.; Low operating expenses.; Suitable for a variety of commercial uses.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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306 13Th St
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