• Broker Peter Carillo 2122541600 x 118
  • Broker Max Rubinchik 2122541600

357 W 16th St 6,000 SF 4-Star Retail Building New York, NY 10011 $12,281,280 CAD ($2,046.88 CAD/SF) 7.60% Cap Rate

View Photo

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.

ATTACHMENTS

357 West 16th St Teaser

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
6,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1940/2012
Price
$12,281,280 CAD
Price Per SF
$2,046.88 CAD
Cap Rate
7.60%
NOI
$933,377 CAD
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

LINKS

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
W 16TH ST from ELEVENTH AVE to FIFTH AVE 9 4,962 2023 0.07 km
W 17TH ST from FIFTH AVE to ELEVENTH AVE 8 4,045 2023 0.11 km
W 18TH ST from ELEVENTH AVE to FIFTH AVE 8 4,030 2023 0.16 km
West 14th Street 8th Ave, SE 13,608 2025 0.20 km
W 14th St 9th Ave, NW 16,720 2025 0.21 km
W 19th St 8th Ave, SE 6,594 2024 0.22 km
8th Avenue W 18th St, NE 24,225 2025 0.23 km
West 14th Street - 14,357 2025 0.24 km
West 19th Street 8th Ave, SE 6,631 2025 0.24 km
8th Ave W 18th St, NE 24,334 2023 0.25 km
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (96)

NEARBY MAJOR RETAILERS

The Coffee Bean & Tea Leaf
Starbucks
Chase Bank
Just Salad
New York Sports Clubs
P.f. Chang's
Bank of America
Western Beef
Wells Fargo Bank
SoulCycle

PROPERTY TAXES

Parcel Number 0740-0006 Improvements Assessment $2,558,720 CAD
Land Assessment $260,986 CAD Total Assessment $2,819,706 CAD

MAP

ADDITIONAL PHOTOS

View Photo 357 West 16th St-38
View Photo Interior
View Photo Interior
View Photo Interior
View Photo Interior
View Photo Interior

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