2,400,000

EXECUTIVE SUMMARYJade Stone Real Estate Consulting is pleased to offer 137 East 13th Street, Unit 1A, apremier New York City retail condominium priced at $2,400,000. This turnkey assetprovides a highly predictable, long-term income stream secured by a newlyexecuted 10-year lease commencing April 1, 2025.Offered at a 5.97% capitalization rate, the property is an ideal vehicle for 1031exchange buyers and yield-focused investors. The lease guarantees aggressive yieldgrowth via 4% contractual annual rent escalations. Furthermore, it features a landlordfavorablemodified NNN structure that strictly limits operational overhead; the tenantpays all direct utilities and is contractually obligated to reimburse 100% of Real EstateTax and Common Charge increases above their respective base year limits.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 Chargeincreases over base year.PROPERTY & INVESTMENT HIGHLIGHTSThe property is zoned C6-2A / R8A equiv., permitting a broad range of commercialuses 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 overthe 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 ("barewalls and floors") without landlord warranties, assuming responsibility for thespace and protecting the landlord from liability regarding latent defects orcondition changes.