357 W 16th St - Storefront FOR SALE


New York, NY 10011
$9,288,000 USD
212-254-1600
357 W 16th St, New York, NY for Sale
$9,288,000 USD
Storefront - FOR SALE
1/7
null | Request Cap Rate

357 W 16th St
New York, NY 10011


HIGHLIGHTS

  • Stabilized Income Stream
  • Architectural Allure
  • Tenant with Proven Track Record
  • Turnkey Investment Opportunity

OVERVIEW

Fully leased to La Victoria NYC, a premier nightlife destination, this sleek ±3,496 SF venue boasts soaring 30-foot ceilings, a chic mezzanine, and private event spaces designed for unforgettable experiences. With a long-term NNN lease through 2034, La Victoria NYC provides reliable cash flow while delivering a unique Latin-inspired atmosphere that draws a loyal, upscale clientele, inspired by its award-winning Miami flagship. Priced at $9.288M, the property offers a projected 10-year average annual rent of $672,203, combining stability and upside potential in a top-tier NYC market.

FOR SALE DETAILS

PRICE

$9,288,000 USD

PRICE/SF

$1,548 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,000 SF

ZONING

R8B

APN/PARCEL ID

0740-0006

ASK ABOUT THIS PROPERTY

Peter CarilloHKS Real Estate Advisors LLCMore Info
212-254-1600

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Peter CarilloHKS Real Estate Advisors LLCMore Info
212-254-1600

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