Corner Retail
For Sale
$875,000
300 W 30th Street 4E, New York City, NY 10001
Vacant ground-floor premises with flexible subdivision potential and prominent window exposure.
Property Size520 SF
Price / SF$1,682
Days on Market158
Property Features for 300 W 30th Street 4E
General Information
Standard status
Active
Size
520 SF
Property subtype
Apartment
Site & Location
Frontage
110 ft
Corner Location
Yes
Additional Details
Floor
Ground
Taxes and HOA fees
Annual Taxes
$12,264
Building Details
Building Size
520 SF
Year Built
2022
Tenancy
Single
Listing Agency:
Howard Hanna NYC
(917) 443-8698
Listed By:
Jing Wang · License #40WA1007271
(917) 443-8698
Source:
Howardhannanyc
Added: Mar 26
Changed: Aug 29
Last Checked: Jul 29 at 4:45AM
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 Howard Hanna NYC
Investment Insights
Based on property information with market context.
This ground-floor retail condominium occupies 5,000 square feet at the base of a newly constructed 69-unit luxury residential condominium. The space is delivered vacant and offers 17-foot ceilings, floor-to-ceiling windows, and 110 feet of wraparound frontage, including 60 feet on Eighth Avenue and 50 feet on West 30th Street. Its configuration supports a range of retail concepts and potential subdivision plans.
The property is positioned at 300 W 30th St in Manhattan’s Chelsea neighborhood and Penn District, at the southwest corner of Eighth Avenue and West 30th Street. Madison Square Garden, Penn Station, and Moynihan Train Hall are within a short walk, with more than 650,000 daily commuters moving through Penn Station. Surrounding retailers include Dunkin’ Donuts, Duane Reade, Chipotle, Starbucks, McDonald’s, Five Guys, Cartier, Louis Vuitton, Dior, Dunhill, and Burberry.
The property is positioned at 300 W 30th St in Manhattan’s Chelsea neighborhood and Penn District, at the southwest corner of Eighth Avenue and West 30th Street. Madison Square Garden, Penn Station, and Moynihan Train Hall are within a short walk, with more than 650,000 daily commuters moving through Penn Station. Surrounding retailers include Dunkin’ Donuts, Duane Reade, Chipotle, Starbucks, McDonald’s, Five Guys, Cartier, Louis Vuitton, Dior, Dunhill, and Burberry.
Key Highlights
- 5,000 square feet of ground‑floor retail condominium space
- 110 feet of wraparound frontage: 60 feet on Eighth Avenue and 50 feet on West 30th Street
- 17‑foot ceiling heights with floor‑to‑ceiling storefront windows
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,177
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,463,540
$1.5M
Cap Rate 7%
$1,045,386
$1.0M
Cap Rate 9%
$813,078
$813.1K
Market Conditions
NOI Build-Up for 520 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$122.6K $235.68/SF
− Vacancy
−$18.0K −$34.64/SF
EGI
$104.5K $201.04/SF
− OpEx
−$31.4K −$60.31/SF
NOI
$73.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,463,540
Cap Rate 7%
$1,045,386
Cap Rate 9%
$813,078
Alternative Uses
Best Use
Retail
$1.05M
$914.7K – $1.22M
NOI $73,177 @ 7.0% cap · market cap 8.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,605 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
34,207
Businesses Nearby
Explore this area
Business Placement
Demographics for 10001, NY
32,612
Population
17,554
Households
1.9
Avg Household Size
35
Median Age
72%
College-Educated
93%
High-School Grad
0.6 sq mi
ZIP Area
54,353
Density / Sq Mi
$123,393
Median Household Income
$97,848
Median Earnings
$3,024
Median Rent
$793,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Vacant ground-floor premises with flexible subdivision potential and prominent window exposure.
Where is this retail space located?
The property is located at 300 W 30th Street 4E New York City, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 5,000 square feet of ground‑floor retail condominium space; 110 feet of wraparound frontage: 60 feet on Eighth Avenue and 50 feet on West 30th Street; 17‑foot ceiling heights with floor‑to‑ceiling storefront windows
