Bar & Restaurant
Nolita is in the center of some of New York City's most popular shopping destinations like the Village, Union Square, and SoHo. And this neighborhood has some retail cred of its own with indie boutiques like Babel Fair, Josie Natori, and big brands like REI that can be your neighbors. Let your ideas come to life in this intimate, old-school New York ground-level retail space.
There's lots of potential for creative displays on the slat shelves built into the exposed brick walls. The floor-to-ceiling windows and glass door add lots of light to the sales area, and there's lots of storage for product in the back room.
The area is always busy thanks to foot traffic from those looking for a little culture at the New Museum, dining along Prince Street, or looking for the perfect outfit. R/W/F trains are three blocks away.
Tenants are solely responsible for bringing and removing all materials to the locations and must use their own labor for both. Tenant must arrange in advance for the removal of their garbage by a third party carting service.
Tenant responsible for setting up security system with DGA (preferred vendor).
Insurance Requirement: Licensee further agrees to maintain in full force during the term of this License, at Licensee's own expense, a policy of comprehensive liability and casualty insurance, including property damage, naming the Owner of the Premises, Entity TBD LLC as additional insured parties which will insure Licensee and Licensor against liability for injury to persons, damage to property, and death of any person occurring in the Store Space. The policy shall be approved as to form and sufficiency of insurance by Licensor. The insurance shall be not less than $2,000,000 combined single limit for bodily injury/property damage liability. Licensee shall provide Licensor with a copy of the policy, including an endorsement that states the policy will not be cancelled except after 30 days' notice in writing to Licensor. The parties hereto shall procure an appropriate clause in, or endorsement on, any fire or extended coverage insurance covering the Premises, the Building and personal property, fixtures and equipment located thereon or therein, pursuant to which the insurance companies waive subrogation or consent to a waiver of right of recovery, and, having obtained such clauses or endorsements of waiver of subrogation or consent to a waiver of right of recovery, will not make any claim against or seek to recover from the other for any loss or damage to its property or the property of others resulting from fire or other hazards covered by such fire and extended coverage insurance; provided, however, that the release, discharge, exoneration and covenant not to sue herein contained shall be limited by and be coextensive with the terms and provisions of the waiver of subrogation clause or endorsements or clauses or endorsements consenting to a waiver of right of recovery. If the payment of an additional premium is required for the inclusion of such waiver of subrogation provision, each party shall advise the other of the amount of any such additional premiums and the other party at its own election may, but shall not be obligated to, pay the same. If such other party does not elect to pay such additional premium, then the first party shall not be required to obtain such waiver of subrogation provision. If either party is unable to obtain the inclusion of such clause even with the payment of an additional premium, then such party shall attempt to name the other party as an additional insured (but not a loss payee) under the policy. If the payment of an additional premium is required for naming the other party as an additional insured (but not a loss payee), then each party shall advise the other of the amount of any such additional premium and the other party at its own election may, but shall not be obligated to, pay the same. If such other party does not elect to pay such additional premium or if it is not possible to have the other party named as an additional insured (but not loss payee), even with the payment of an additional premium, then (in either event) such party shall so notify the first party and the first party shall not have the obligation to name the other party as an additional insured.
The space is quite narrow.