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126 Pearl St

Financial District, New York, NY
Floors
4
Total Size
6,800 sqft
Lot Size
0 acres
Year Constructed
1920
Year Renovated
0
Number of Buildings
1

About 126 Pearl St

The former Mercantile Grill at 126 Pearl Street in New York's Financial District is a fully vented restaurant space that may also interest companies looking to rent office space with a storefront in the busy Wall Street neighborhood.

The multi-level store at 126 Pearl Street in New York's Financial District is close to an abundance of bars and restaurants. The 4-story property is within easy walking distance of subway lines 2, 3, J, Z, 4 and 5, all accessible within a 25 minute walk.

Brimming with high-end restaurants, tourist hotels and luxury shops, New York's Financial District is also swarming with office workers looking for a great place to socialize after work. 126 Pearl Street could turn out to be a little gold mine!

Featuring two kitchens, a vented restaurant space and various levels on which to conduct retail business, this property was a successful family-run enterprise. The Mercantile Grill has opened under a new name just a few steps away, proving that this is a lucrative area for hospitality providers.

The lovely red and cream facade of 126 Pearl Street in New York makes a welcoming first impression and is highly decorative with its mock-gables.

Internet Providers for 126 Pearl St

Provider Technology Max Download Speed Max Upload Speed
RCN Cable
1 Gb/s
25 Mb/s
Verizon New York Fiber
1 Gb/s
25 Mb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath Copper Wireline
6 Mb/s
6 Mb/s

The Neighborhood: Financial District

The typical asking rate per listing is in the $60's per square foot per year. The Financial District region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.

Compared to the rest of the New York City market, the Financial District region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.

Median Rate Median Size
Financial District $65
/sqft/yr
4,950
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,300
sqft

Median Rate over Time in Financial District