Retail Space with Glass
For Sale
Contact for pricing
149 W 24th st, New York, NY 10011
Ground-floor space combines an open plan with hardwood floors, high ceilings, and rear storage.
Property Size2,000 SF
Price / SF$7
Days on Market65
Property Features for 149 W 24th st
General Information
Standard status
Active
Size
2,000 SF
Site & Location
Neighborhood
Midtown Manhattan
Amenities
full-glass display storefront
classic hardwood flooring
high ceilings
exposed structural columns
versatile slatwall paneling
utility sinks
dedicated hand-washing stations
updated ADA-compliant restroom
ample storage space
Listing Agency:
CANA REALTY
Listed By:
Young Kim
(347) 542-3105
Source:
Gosenproperties
Added: Aug 28
Changed: Oct 28
Last Checked: Oct 28 at 3:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CANA REALTY
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Investment Insights
Based on property information with market context.
Ground-floor retail space at 149 W 24th St features an approximately 2,000-square-foot open layout, a full-glass storefront, hardwood flooring, high ceilings, exposed columns, and slatwall panels. Utility sinks, hand-washing stations, an updated ADA-compliant restroom, and rear storage are also in place.
The property is on a block between 6th and 7th Avenues, where three boutique hotels have recently opened. Nearby subway service includes the 1, 2, 3, F, M, C, and E lines, along with the PATH train at 23rd St.
The property is on a block between 6th and 7th Avenues, where three boutique hotels have recently opened. Nearby subway service includes the 1, 2, 3, F, M, C, and E lines, along with the PATH train at 23rd St.
Key Highlights
- Approximately 2,000 SF of ground‑floor retail space
- Full‑glass storefront, open layout, hardwood floors, and high ceilings
- Utility sinks and dedicated hand‑washing stations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$281,449
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,628,980
$5.6M
Cap Rate 7%
$4,020,700
$4.0M
Cap Rate 9%
$3,127,211
$3.1M
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$471.4K $235.68/SF
− Vacancy
−$69.3K −$34.64/SF
EGI
$402.1K $201.04/SF
− OpEx
−$120.6K −$60.31/SF
NOI
$281.4K $140.72/SF
Area
New York, NY
Vacancy
14.70%
Lease Rate
$235.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,628,980
Cap Rate 7%
$4,020,700
Cap Rate 9%
$3,127,211
Alternative Uses
Best Use
Retail
$4.02M
$3.52M – $4.69M
NOI $281,449 @ 7.0% cap · market cap 2,010.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.98M
$4.36M – $5.81M
NOI $348,480 @ 7.0% cap · market cap 2,489.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
63,087
Businesses Nearby
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Business Placement
Demographics for 10011, NY
53,318
Population
35,049
Households
1.5
Avg Household Size
39
Median Age
79%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
88,863
Density / Sq Mi
$146,571
Median Household Income
$113,503
Median Earnings
$2,868
Median Rent
$1,165,800
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Ground-floor space combines an open plan with hardwood floors, high ceilings, and rear storage.
Where is this retail space located?
The property is located at 149 W 24th st New York, NY.
What are key features of this property?
This property features: Approximately 2,000 SF of ground‑floor retail space; Full‑glass storefront, open layout, hardwood floors, and high ceilings; Utility sinks and dedicated hand‑washing stations
