
Pre-bomb cyclone headgear spotted on Seventh Street and First Avenue today by Derek Berg...
Terms & Conditions of Sale: Property will be sold free and clear of all monetary liens. In order to register to bid, all prospective bidders must present a cashier’s check in the amount of $1,000,000 made payable to “____________________”. Within 48 hours following the auction, Successful Bidder must post a deposit in the total amount of 14% of the high bid.
Currently Improved with a 7,748 Sq Ft Mixed-Use Building & 4,648 Sq Ft Retail Building
Substantial Unused Air Rights
• 28,540 Sq Ft Buildable Site (3,418 Sq Ft Cellar) – Per Architect Plans, with Inclusionary Housing
• 26,483 Sq Ft Buildable Site (5,297 Sq Ft Cellar) – Per Architect Plans, without Inclusionary Housing & with Full Lot Merge
• 24,610 Sq Ft Buildable Site (5,298 Sq Ft Cellar) – Per Architect Plans, without Inclusionary Housing
Annual Real Estate Taxes: $141,977
Currently Vacant
The tenth annual ranking of national retailers in New York City ... shows a 1.8 percent increase in the number of store locations over last year. Though this is the ninth consecutive year with a net increase in national chain stores across the five boroughs, the growth was limited to a relatively small number of retailers.
In a year in which the challenges facing brick-and-mortar retail have burst into view, this report finds that New York’s national chains are not immune to the pressure. Although food establishments continue to show strong growth, retailers that compete most directly with online outlets — such as shoe and electronics stores — have experienced significant contractions.
Overall, a fifth of all national retailers in the city closed stores in the past year, and only one-in-seven retailers on our list increased their footprint — the smallest share since we began keeping track a decade ago.
For the ninth consecutive year, Dunkin’ Donuts tops our list as the largest national retailer in New York City, with a total of 612 stores, a net increase of 16 stores since 2016 — and 271 since 2008. But this year there is a new retailer in the second position on our list: MetroPCS now has 445 stores in the five boroughs, adding 119 locations over the past year and surpassing Subway, which is now third, with 433 stores.
Fast-casual dining chain restaurants in the five boroughs increased 105 percent over the past decade, from 141 to 289, while the number of fast-food restaurant chains grew 14 percent, from 1,107 to 1,261.2 And there are now 952 chain coffee shops in New York, 65 percent more than a decade ago, led by Dunkin’ Donuts. Food-related chains are responsible for 41 percent of the growth in national retailer locations in New York over the past ten years, the most of any category.
In reviewing the past decade for New York’s national retailers, one thing is clear: the growth of restaurants and food retailers is leading the charge.
The number of coffee chains expanded 65 percent since our first chains report was published in 2008, powered by the expansion of Dunkin’ Donuts and Starbucks, as well as local chains like Joe Coffee. During this ten-year period, chain coffee shops added 621 locations, more than any other category. Dunkin’ Donuts alone grew 79 percent.
The number of fast-casual dining chain restaurants in the five boroughs has more than doubled in the past decade, from 141 to 289. The growth of fast-casual chains like Chipotle and Chop’t is in addition to the growth in fast-food restaurants.
The number of chain bakeries — such as Le Pain Quotidien and Panera Bread — has more than tripled over the past decade, from 55 to 161. This is in addition to the growth in fast-casual chains.
Chains that specialize in frozen yogurt, such as Red Mango and 16 Handles, have expanded 283 percent — the largest growth rate of any retailer category. In 2008, there were 12 chain yogurt stores, and today there are 46. However, the city seems to have reached peak yogurt in 2014, with 57 chain yogurt locations.
[A]fter years of growth, chain pharmacies have begun to contract. Chain pharmacies, which include Duane Reade/Walgreens, Rite Aid, and CVS, lost 53 locations since last year and now have a total of 588 locations. This number is just 1 percent above the number of chain pharmacy locations in 2008. This is largely because Duane Reade/Walgreens has been consolidating locations since its 2010 merger and is closing 600 locations nationwide in preparation for a major acquisition of stores from Rite Aid.
Starbucks has more stores in Manhattan than any other national retailer, with 223 locations.