357 W 16th St 6,000 SF 4-Star Retail Building New York, NY 10011 For Sale
INVESTMENT HIGHLIGHTS
- Stabilized Income Stream
- Tenant with Proven Track Record
- Architectural Allure
- Turnkey Investment Opportunity
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1940/2012
Tenancy
Single
Building Height
2 Stories
Building FAR
2.00
Lot Size
0.07 AC
Zoning
R8B - R8B Zoning is considered “high density” residential zoning. It typically has multifamily buildings that are often 6 or 7 stories.
Frontage
25’ on West 16th Street
AMENITIES
- 24 Hour Access
- Restaurant
- Signage
- Air Conditioning
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (96)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0740-0006 | Improvements Assessment | $2,580,752 CAD |
| Land Assessment | $263,233 CAD | Total Assessment | $2,843,984 CAD |
