71 Fourth Avenue, New York NY

Investment Highlights:

Meridian Investment Sales is pleased to present 71 4th Avenue (also addressed as 80 East 10th Street), a 2,950-square-foot retail condominium comprising two fully leased commercial units situated on a prominent wraparound corner lot in Manhattan’s Central Village. Constructed in 2019, the property offers 165 feet of frontage along 4th Avenue and East 10th Street, providing exceptional visibility in one of the city’s most active pedestrian corridors. The two tenants — Dumpling XI (Fusion Byte Express) and Sundays Studio — hold long-term leases generating $472,800 in annual rental revenue, with 3% annual rent escalations and a weighted average lease term of 9.91 years providing investors reliable, growing cash flow with minimal near-term rollover risk.

Located steps from NYU’s primary campus, Washington Square Park, and Union Square, the property benefits from dense foot traffic driven by students, professionals, and tourists year-round. With direct proximity to the 4, 6, N, Q, R, and W subway lines, the asset sits at the heart of a submarket that has maintained 97%+ retail occupancy over the past decade with no new supply currently under construction. Zoned C6-2A and priced at $6,300,000, 71 4th Avenue represents a rare opportunity to acquire a stabilized, institutional-quality retail condo in one of Manhattan’s most enduringly strong retail markets.