GREAT VALUES - BOUTIQUE SPACES WEEK OF JUNE 17 2013

Looking for a Manhattan Commercial Space? A few of the GREAT Boutique Locations I Know...

LOCATION	APPROX. SIZE	NEAREST AVENUE	ASKING RENT	SPACE NOTES
Chelsea
West 20th Street	375 SQ FT	Seventh Ave	$3995/month
Seventh Avenue	375 SQ FT	ON AVENUE	$5900/month
Greenwich Village
Fourth Avenue	675 SQ FT	ON AVENUE	$5500/month
Macdougal Street	600 SQ FT	Sixth Ave	$6750/month
West Village/Meat Packing
Perry Street	850 SQ FT	Washington St	$5500/month	LOWER LEVEL
West 12th Street	850 SQ FT	Greenwich Ave	$4500/month	Key $$
West 13th Street	400 SQ FT	Ninth Ave	$3900/month	LOWER LEVEL
Gramercy Park/Kips Bay
East 25th Street	600 SQ FT	Third Ave	$4250/month
East 27th Street	500 SQ FT	Lexington Ave	$4750/month
East Village
East 10th Street	375 SQ FT	First Ave	$3250/month
Amsterdam Avenue	550 SQ FT	ON AVENUE	$4500/month

Give Due Diligence Its Due

Are you planning to invest in development or income producing real estate?

You've found an appealing property to acquire. Perhaps you've made an offer and are starting to work with a real estate attorney to negotiate the contract. Before a contract is signed or during a contractual due diligence period, a savvy buyer will conduct thorough due diligence to verify the facts presented about the opportunity, calculate the value and identify the risks of the opportunity.

Some typical areas of focus during due diligence...

BOUTIQUE RETAIL SPACE AVAIALBLE IN CHELSEA - JULY 1

156 West 20th Street Street Retail is a perfect boutique space for:

• ACCESSORIES, SPECIALTY or GIFT items
• JUICE BAR, VITAMINS & SUPPLEMENTS
• BARBER/STYLIST or SALON
• TAILOR/DRY CLEANER DROP-OFF, SHOE REPAIR
• WINE SHOP, CHOCOLATIER, BAKE SHOP

SPACE HIGHLIGHTS & TERMS after the jump...

Do The Numbers Make Sense (Part 2)

Are you thinking about purchasing the condo or cooperative unit in which your business operates? Do you believe it would be a sound investment?

Then treat the purchase like an investor by calculate CAP for the property and comparing to similar opportunities.  The CAP rate typical for the market will fluctuate over time, with interest rates, and differ by property class.

Do the Numbers Make Sense?

 Most investors want to know that 'the numbers make sense' for a purchase opportunity.  Ratios like GRM, NOI, or CAP can rapidly identify properties that warrant deeper consideration or investigation.   They describe the potential to earn money now and later from investment made today to acquire a given property.  So what are these indicators?  Let's look at the ratios in more detail...