This exceptional retail opportunity at 345 Greenwich Street in New York City offers 5,500 square feet of vacant space, perfect for multiple restaurant tenants. The property is divisible into units ranging from a minimum of 500 square feet to a maximum contiguous space of 2,000 square feet, providing flexibility for various business needs and sizes. Located in the vibrant and bustling heart of New York County, this property benefits from high foot traffic and excellent visibility, making it an ideal location for a thriving restaurant business. The entire 5,500 square foot space is currently available for lease, presenting a unique chance to establish a significant presence in a prime New York City location. The address, 345 Greenwich Street, places the property within easy reach of numerous residential and commercial areas, ensuring a consistent flow of potential customers. This is a rare opportunity to secure a substantial and well-positioned retail space in one of New York City's most desirable neighborhoods. The zip code is 10013. The property is categorized as a multi-tenant retail space, specifically suited for restaurant use. This presents a unique chance to either lease the entire space or divide it to suit multiple restaurant concepts. Don't miss this chance to secure your place in this thriving New York City location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$689,004
6.5%
$636,004
7%
$590,575
Comparable approach
Method
Valuation
Relative Method
$933,461
Geo Method
$933,461
Alternative Use
Use
Valuation
Residential
$536,493
Hospitality
$491,425
Educational
$408,860
Medical
$422,921
Retail
$636,004
Location Insight
City
New York
County
New York
State
New York
Latitude
40.7184
Longitude
-74.0101
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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