USANYNew YorkGramercy Park1A-137 E 13Th St

1A-137 E 13Th St, New York, NY

Condo

For Sale

Listed price in listed location currency (USD).

$2,400,000

010

MLS® RLS20118440

Overview

Key Facts

Type Apartment

Levels Residential

Size 2649 sqft

Garage

Maintenance Fees $1,358

Taxes $61,224

Days Active 2

Approx. Age 1999

Avg. Price Per Sqft $906

MLS® Number RLS20118440

Property Address: 1a-137 E 13th St, New York, NY, 10003-5435

Average square foot calculated using Size range provided by listing agent.

Description

**QUALIFIED OFFER REQUIRED PRIOR TO TOUR** A qualified offer must be submitted and reviewed prior to scheduling any property tour. **Please do not contact the tenant directly.** EXECUTIVE SUMMARY Jade Stone Real Estate Consulting is pleased to offer 137 East 13th Street, Grand Floor/Cellar Level, a premier New York City retail condominium priced at $2, 400, 000. This turnkey asset provides a highly predictable, long-term income stream secured by a newly executed 10-year lease commencing April 1, 2025. Offered at a 5.97% capitalization rate, the property is an ideal vehicle for 1031 exchange buyers and yield-focused investors. The lease guarantees aggressive yield growth via 4% contractual annual rent escalations. Furthermore, it features a landlordfavorable modified NNN structure that strictly limits operational overhead; the tenant pays all direct utilities and is contractually obligated to reimburse 100% of Real Estate Tax and Common Charge increases above their respective base year limits. Property Details: - Block & lot: 00559-1001 - Neighborhood: Union SQ/ East Village - Zoning: C6-2A / R8A equiv. - Property type: Commercial Retail Condominium - Lot dimensions:25 ft X 100 ft - Lot sq. ft.: 2, 175 - Building dimessions: 25 ft x 63 ft - Year Built: 2005 - Stories 10 - Square feet (Ground + Cellar) apprxo. 2649 sf - Rear Yard approx. 328 sf - Infrastructure: Fully Vented with Gas In-Place - Tenant in place Yoko-Cho Inc **FINANCIAL SNAPSHOT** - Asking Price: $2, 400, 000 - Cap Rate: 5.97% - Current Base Rent (2026/2027): $224, 640 - Rent Escalations: 4% Annually - Lease Expiration: March 31, 2035 - Expense Structure: Tenant pays all utilities + 100% of Tax & Common Charge increases over base year. - Infrastructure: Vented & Gas **PROPERTY & INVESTMENT HIGHLIGHTS** The property is zoned C6-2A / R8A equiv., permitting a broad range of commercial uses including restaurant, service, and specialty retail operations. - Secure Tenancy: The unit is secured by a 10-year lease expiring March 31, 2035, with one 5-year extension option at market rate. - Built-In Appreciation: The lease features contractual 4% annual base rent escalations, ensuring continuous yield growth throughout the hold period. - Expense Pass-Throughs: A landlord-favorable modified NNN structure requires the tenant to reimburse 100% of all Real Estate Tax increases above the 2024/2025 base year ($61, 221.40) and 100% of Common Charge increases over the base year ($1, 583 per month). - Zero Utility Management: The tenant independently arranges, maintains, and pays for all utilities, including gas, electric, heat, water, and sewer. - Capital Security: The lease is backed by a substantial $94, 859.84 upfront payment upon signing, encompassing the first month's rent and a security deposit equal to three months of Year 10 rent. - As-Is Delivery: The tenant accepted the premises in its present condition without landlord warranties, assuming responsibility for the space and protecting the landlord from liability regarding latent defects or condition changes. * Disclaimer This Offering Memorandum has been prepared by Jade Stone Real Estate Consulting solely for the evaluation of 137 East 13th Street, New York, NY (the Property). The information contained herein is believed to be reliable but is not guaranteed as to accuracy or completeness. Prospective purchasers are responsible for conducting their own independent due diligence and verification. Jade Stone Real Estate Consulting shall not be liable for any loss, claim, or damage arising from or relating to any error, omission, or reliance upon the information contained herein.

MLS® NumberRLS20118440

Locker

Ensuite Laundry

Balcony

Furnished

Laundry Level

Exposure

Exterior

Garage

Approx. Age1999

Stories0

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatCentral

A/CCentral Air

Extras

Map

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

I want to view this property

Yes, I'd like to receive free weekly market insights and buying and selling tips. Unsubscribe at any time.

By pressing "Take a Tour", I confirm that I have read and agree to the eXp Privacy Policy, and Terms of Use.

By pressing "Take a Tour", I am electronically signing and consenting to receive marketing comms about real estate brokerage and mortgage lending services, delivered via email, phone and/or text (using "automated technology" such as an automatic telephone dialing system, and/or an artificial or prerecorded voice), from eXp Realty® and its independent contractor real estate professionals and their affiliate SUCCESS® Lending using the contact information I provided. Your consent is not a condition of purchase and you may revoke it at any time by replying "STOP" to any texts. Text HELP for more info. Message and data rates may apply. You may also contact us directly at 1-844-683-4664.

Similar Listings

Comparable Properties

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

eXp Realty holds real estate brokerage licenses in multiple states. Zoocasa (Canada), Inc. holds real estate brokerage licenses in multiple provinces. For information on licenses please contact us at [email protected]

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

MLS® Compliance Statements
Tony King – Designated Managing Broker, Broker Operations – TX.
Texas Real Estate Commission information about brokerage services
Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations. The Fair Housing Notice→

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H. Learn More→

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny – Designated Broker
eXp Realty of Southern California, Inc. | CA DRE# 02187306 | Gina Saad – Designated Broker
eXp Realty of Greater Los Angeles, Inc. | CA DRE# 02188471 | Anita Cruz – Designated Broker
eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas Penny – Designated Broker
Fair Housing and Reasonable Accommodations
DMCA Notice

2026 AODA Compliance Report
Feedback can be submitted through our standard communication channels such as our internal chat platform, email, phone etc., and accommodations are available upon request. Zoocasa reviews all feedback received, acknowledges concerns, and works to respond in a timely manner. Feedback is assessed and addressed appropriately to support continuous improvement of our services and accessibility practices.