103 2Nd StNew York, NY 10009
- Retail residential properties
- 9,792 SF
Property Details for 103 2Nd St
- Year built
- 1900
- Lot size
- 0.08 AC
- Property size (Sq ft)
- 9,792 SF
- Zone code
- R8B
- Property type
- Retail residential properties
- APN
- 00429-0014
- APU
- 4290014
Description
This exceptional 1,000-square-foot retail space is ideally situated at 103 E 2nd St in New York City's vibrant East Village, offering immediate occupancy. The ground floor space is complemented by a full basement, providing ample storage or expansion potential. This versatile property is perfect for a wide range of retail and restaurant uses, including but not limited to: convenience stores, smoke shops, wine bars, and restaurants. Existing infrastructure includes already installed venting. A significant advantage is the inclusion of an existing wine and beer license, along with a tobacco license, streamlining the setup process for qualifying businesses. The monthly rent is $8,500, and lease terms are negotiable. This location presents a unique opportunity for businesses seeking a high-traffic area with established infrastructure and licensing in place. The property is located in New York County, New York, zip code 10009. This is a single-tenant space, providing exclusive use and control. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Don't miss this chance to establish your business in one of Manhattan's most desirable neighborhoods.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,845,730
- 6.5%
- $1,703,750
- 7%
- $1,582,050
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,305,010
- Geo Method
- $1,305,010
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $3,334,370
- Retail / Commercial
- $1,709,850
- Hospitality / Lodging
- $1,249,990
- Office
- $1,693,630
- Institutional / Educational
- $1,771,210
- Residential Income
- $2,072,320
- Multifamily
- $2,485,430
- Automotive / Energy
- $1,518,180
- Parking / Income-Based Land
- $523,907
- Restaurant / Food Service
- $886,134
- Healthcare / Senior Housing
- $1,747,160
Location Insight
- City
- New York
- County
- New York
- State
- New York
- Latitude
- 40.7235
- Longitude
- -73.9875
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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