NoHo

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  • 1 Waverly Pl New York City New York 10003 United States
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1REC's Take
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1REC's Take
Pros

✔ Central location ✔ High-end retail ✔ Historic architecture

Cons

✘ High cost of living ✘ Limited green spaces ✘ Tourist crowds

Shopper Profile

✦ Trendsetters: Young professionals and creatives ✦ Students: Proximity to NYU ✦ Preferences: Boutiques, trendy dining, nightlife

Successful Retail Uses:
Trendy Dining, Boutiques, Nightlife
About Location
A slice of sophistication amidst urban grit, NoHo boasts exclusivity. Its cobblestone streets attract a chic clientele, visiting its upscale lofts, designer boutiques, and trendy eateries. Given its select nature, rents are predictably high, and the neighborhood sees a blend of well-established local landlords and newer, more corporate players.
Household Income in Trade Area: $95,000
Retail Sales in Trade Area: $850 million
Population in Trade Area: 140,000
Occupancy
Tenant Sales per Square Foot: $850
Occupancy Rate: 93%
Anchor Tenants: Whole Foods, Adidas Store
Tenant Rent/Sales Ratio (%): 20.6% – 41.2%
Rent $ / Visitor (relative cost of the foot traffic): $43.75 – $87.5
Other Notes: Data sourced from public and private records.
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Destination Rents
Average Rent (psf): $173
Median Rent (psf): $180
Rent Range (psf): $180-$212
Rent Variability: Medium
Other Notes: Data provided by Retail by MONA, a New York based brokerage firm.
Know Before You Go
Preferred ISP(s)
Spectrum, Verizon, RCN
Estimated Permit Timeline (weeks)
6-8
Landmarks Risk
Medium
Union Labor Disharmony Likelihood
Medium
Recommended Vendors' Links 🔗

Local Broker: Retail by MONA

Building Surveyor: DrafterMax

Permit Expeditor: Paul Fusco Consulting

Licensed Architect: Prose Architecture

Store Designer: Carina Miranda Studio

Real Estate Attorney: Fentin Goldman

General Contractor: O'Leary Group

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Photos
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  • 📇 You have a notification № 973. Read > https://telegra.ph/Ticket--9515-12-16?hs=5b46bcdece67789dca917cc1fe80bf96& 📇
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Primary Landlord: NYC
Retail Type: Streets & Neighborhoods
Address: 1 Waverly Pl
New York City
New York
10003
United States
MSA: New York-Newark-Jersey City NY-NJ-PA
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