This exceptional mixed-use property at 57 W 38th Street in New York, NY 10018 offers a unique retail space totaling 66,282 square feet. The property features a ground floor boasting 4,000 square feet with impressive 16-foot ceilings, ideal for a high-impact retail presence. A mezzanine level adds another 1,000 square feet with 9-foot ceilings, providing versatile space for offices, storage, or additional retail display. Furthermore, a substantial cellar area of 4,600 square feet with 12-foot ceilings offers ample storage or potential for expansion. The property benefits from a highly desirable mid-block location on 38th Street, situated between Fifth and Sixth Avenues, ensuring excellent visibility and accessibility. This vibrant area is home to a diverse range of established businesses, including Refinery rooftop, Culture Espresso, Bstro 38, 38 Food Court, Russian Manicure, Hotel Hendricks, Annam Cafe, Matto Espresso, Three Hot Pot & BBQ, Isla & Co, Archer Hotel, Americana Inn, Gongcha, Winnie’s Jazz Bar, Class on 38th, and CVS, creating a bustling and attractive environment for potential tenants. The lease terms and monthly rate are available upon request. This property presents a rare opportunity to secure a significant retail presence in a prime Midtown Manhattan location.
Property Features for 57 W 38th St | New York, NY 10018
General Information
Property type
Individual retail properties
Lease Type
Gross Lease
RSF (Rentable sq. ft)
66,282 SF
Elevators
N/A
Building Details
Year Built
1915
HighLights
Massive 66,282 square foot retail space in prime Manhattan location.
Features ground floor, mezzanine, and cellar space with high ceilings.
Excellent mid‑block location on 38th Street between Fifth and Sixth Avenues.
Location Intelligence
Current Use by Public Records
Richina Apparel USA ...Manufacturerejc engineeringEngineerBilling GeeksMedical Billing ServiceMatthijssen NYCOffice Equipment SupplierFresh & Green Agri ...Food Broker
The property is located at 57 W 38th St | New York, NY 10018 New York, NY.
What are key features of this property?
This property features: Massive 66,282 square foot retail space in prime Manhattan location.; Features ground floor, mezzanine, and cellar space with high ceilings.; Excellent mid-block location on 38th Street between Fifth and Sixth Avenues.
57 W 38th St | New York, NY 10018 New York, NY 10018
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57 W 38th St | New York, NY 10018 New York, NY 10018
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Realmo Value Estimation
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Cap approach
Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.
Comparable approach
Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
Relative
Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.
Geo
Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels
across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
More about this property
57 W 38th St | New York, NY 10018 New York, NY 10018
More about this listing
57 W 38th St | New York, NY 10018, New York, NY
Olivia Hwang
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57 W 38th St | New York, NY 10018, New York, NY
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Property Records & Analytics
57 W 38th St | New York, NY 10018, New York, NY
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57 W 38th St | New York, NY 10018, New York, NY
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Current Estimation by Request
57 W 38th St | New York, NY 10018, New York, NY
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to 57 W 38th St | New York, NY 10018 New York, NY 10018
57 W 38th St | New York, NY 10018, New York, NY
Olivia Hwang
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