0 21St StNew York, NY 10010

  • Retail properties
  • 1,500 SF
For Sale
$1,600,000 View listing

Property Details for 0 21St St

Property size (Sq ft)
1,500 SF
Property type
Retail properties
Property subtype
Other retail properties

Description

This exceptional investment opportunity presents a thriving, high-income-generating bagel shop in Manhattan, New York. Located on E 21st St, in the 10010 zip code, this retail property boasts 1,500 square feet on the ground floor and an additional 1,500 square feet in the basement. Currently operating under a triple net (NNN) lease with 10 years remaining, the property generates a substantial monthly income of approximately $16,500, with the potential for a lease extension at an increased monthly rent of $17,500. The business itself shows impressive profitability, with a gross weekly income of $36,000 and a net monthly income ranging from $30,000 to $40,000. The shop operates six days a week, from 6 am to 5 pm, and employs eleven staff members. The asking price for this turnkey operation is $1,600,000. This represents a compelling price per square foot of $1,066.67, reflecting the strong financial performance and prime Manhattan location. The property is a single-tenancy retail space, offering a stable and lucrative investment prospect.

21St St, New York, New York

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7379
Longitude
-73.985

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