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231 First Ave 1,200 SF of Retail Space Available in New York, NY 10003
Sublease Highlights
- Near the corner of 14th St & 1st Ave.
- Steps to the L train
- Full basement
- Heavy daily foot traffic on 1st Avenue
- 12' hood in place
- Gas still functioning
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 1,200 SF | May 2035 | Upon Request Upon Request Upon Request Upon Request | Modified Gross |
Ground
Bring your concept to one of Manhattan’s most consistent “walk-by” corridors. 231 1st Avenue sits in the heart of the East Village—surrounded by dense residential blocks, nonstop dining demand, and a constant stream of locals moving between Union Square / 14th Street and the neighborhood’s restaurant core. All uses considered Key money - amount on request
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Fast Food Restaurant
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air Conditioning
- Security System
- Smoke Detector
- 12' hood already in place
- Gas in place
- Full basement
- Space is turnkey ready!
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 1,200 SF | Gross Leasable Area | 5,336 SF |
| Property Type | Retail | Year Built/Renovated | 1900/1981 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 1,200 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 5,336 SF |
| Year Built/Renovated | 1900/1981 |
Features and Amenities
- 24 Hour Access
- Restaurant
- Storage Space
Nearby Major Retailers
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
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231 First Ave
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