Marcus & Millichap is pleased to present 137 East 13th Street #1A, a 1,676-square-foot retail condominium located in Manhattan’s East Village neighborhood near Union Square. The space consists of fully vented, ground-floor retail currently leased long-term to a restaurant operator, providing investors with stable in-place income. Benefitting from 25 feet of frontage along East 13th Street, the Property is situated within a mixed-use building originally constructed in 1899 and renovated in 2006.
The retail condominium is tax-class 2C protected, providing favorable tax treatment for investors. The tenant structure is designed to minimize landlord responsibilities, with the tenant responsible for real estate taxes above the base year, CAM increases, and any special assessments, creating a highly efficient ownership structure. Positioned steps from Union Square and surrounded by dense residential, retail, and university-driven foot traffic, the offering represents a rare opportunity to acquire a stabilized Manhattan retail condominium with long-term tenancy in one of the city’s most active neighborhoods.