Harry Zikos and Lisa Levitt of Nest Seekers International have been retained on an exclusive basis to represent a key money business sale located at 128 Second Ave NY, NY 10003. The subject property, now under Icon Realty Management's ownership, is the 2nd retail space south of the corner of the old Chase Bank location on the southeast corner of Second Ave & St. Marks Place. Now said corner is under construction to welcome the Swiss Institute, a non-profit cultural center. Village Dream Inc., the current operating business is a smoke shop & tattoo/piercing establishment with a very below market lease, compared to other available retail lease opportunities in the neighboring corridors.
The underlying lease has and expiration date of August 1st, 2027 (no options at all). The current rent is $9,125 per month for approximately 650 square feet on the ground level. This is a lease assignment through a key money sale. Current inventory of the business can be negotiated as part of the sale. The terms of the lease are very simple which allow for heavy flexibility on usage. To obtain more details on the lease terms please contact Lisa Levitt or Harry Zikos.
The retail space features approximately 10 feet of frontage, high ceilings, western exposure, a sidewalk delivery hatch, very clean basement with private storage. Most importantly the location is AAA in regards to foot and vehicle traffic, fueled by tourist destinations and local landmark establishments. You are near the epicenter of the Downtown ecosystem where the East Village, Greenwich Village, NYU, NoHo, & Union Square coalesce. Multiple public transit stations such as the 4, 5, 6, L, N, Q, R, & W lines are in walking distance.
Please do not bother the employees of the business about this deal. Contact Harry Zikos or Lisa Levitt today for more information. Showings must be done by appointment so we can show the basement as well. Broker co-operation is encouraged.