Retail Business for Sale in New York, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: New York, NY 10002
  • Size: 3,246 SF

Description

Newmark has been exclusively retained to arrange for the sale of the retail condominium at 199 Chrystie Street, New York, NY. This 3,274 square foot ground-floor retail space is located on the west side of Chrystie Street between Rivington and Stanton Streets in the Lower East Side neighborhood of Manhattan.

Market Context

This retail in New York, NY is listed for sale across 3,246 SF. It has been on the market for 21 days. Compare it against other retail listings for sale in New York, NY — <a href="/search/sale/retail/new-york/new-york">view the full market</a>.

As of Q1 2026, the New York City Area retail market showed a 4.2% vacancy rate, average asking rents near $54.00/SF/yr, and cap rates around 6.2%. Source: Www.matthews.com Q1 2026 market report.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

What is the typical cap rate for retail in New York City Area?
About 6.2% as of Q1 2026, per Www.matthews.com.
Is the New York City Area retail market tightening or softening?
Vacancy is around 4.2% (Q1 2026).

Unified Estimate

Medium Confidence

$375.11/SF – $507.51/SF

Mid: $441.31/SF

Total estimate for 3,246 SF: $1,432,492

Rate-first confidence-weighted blend with cost-of-business adjustment.

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