137 E 13th St - Apartments CONDO FOR SALE


New York, NY 10003- East Village
$2,200,000 USD
917-539-0402
137 E 13th St, New York, NY for Sale
$2,200,000 USD
Apartments CONDO - FOR SALE
1/17
null | 6.09% Cap Rate

137 E 13th St
New York, NY 10003
East Village


HIGHLIGHTS

  • A ±1,676 SF Fully Vented Ground-Floor Retail Condominium
  • Located in Manhattan’s East Village Corridor Near Union Square
  • Long-Term Restaurant Tenant in Place Providing Stable Income
  • Favorable Tax-Class 2C Protected Property with 2025/2026 Tax Bill of $65,796

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$667 USD /SF

CAP RATE

6.09%

# OF UNITS

1

CONDO SIZE

-

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Net-Leased Restaurant - 100% Occupied

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

13,851 SF

STORIES

10

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,500 SF

ZONING

C6-2A

APN/PARCEL ID

0559-1001,0559-1009

ASK ABOUT THIS PROPERTY

Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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Scott PlaskyMarcus & MillichapMore Info
917-539-0402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.