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    635 W 42Nd St New York, NY 10036

    For Sale
    $15,000,000

    Spacious retail condo with long-term tenant in prime location.

    Property size:
    15,050 SF
    Lot size:
    1.06 Acres

    Property Features for 635 W 42Nd St

    General Information

    Size
    15,050 SF
    Lot size
    1.06 Acres

    Source: Kassin Sabbagh Realty (KSR) Agent Ricky Aryeh

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail Condo on 42nd

    This retail condo, located at the base of the Atelier condominium skyscraper, offers a spacious layout spanning 13,000 square feet with 110 feet of frontage on 42nd Street. The property is currently leased to LAVAN New York event space, known for its design concepts and bespoke experiences. LAVAN New York has a recently signed ten-year lease and two additional locations in New York City. The ground floor event space is designed for private, social events, weddings, product launches, corporate events, art exhibits, Bar Mitzvahs, Bat Mitzvahs, fundraisers, charities, private concerts, fashion shows, international conferences, corporate meetings, birthdays, Quinceaneras & Sweet 16, awards ceremonies and press events. The property is positioned in one of Manhattan’s most coveted locations.
    Location Intelligence

    Current Use by Public Records

    The Atelier Condo NYC Condominium Complex River 2 River ... Property Management Company Nimzo Capital Investment Service Flux Digital Consulting ... Business Management Consultant MdT Group Tour Operator

    Suggested Use

    Realty agency Restaurant Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9366926
    Latitude
    40.6397916

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    FAQs

    What type of property is this?
    Retail space - Spacious retail condo with long-term tenant in prime location.
    Where is this retail space located?
    The property is located at 635 W 42Nd St New York, NY.
    What is the asking price?
    The asking price for this property is $15,000,000.
    What are key features of this property?
    This property features: - Prime Manhattan location at the base of the Atelier condominium skyscraper.; - Leased to LAVAN New York, a well-established event space with a recently signed ten+ year lease.; - Substantial 13,000 SF space ideal for diverse retail endeavors.
    (917) 797-9911
    Request Owner's contact information
    635 W 42Nd St New York, NY 10036
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    New York, NY 10036
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    635 W 42Nd St New York, NY 10036
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