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Retail Storefront Near Transit
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501 7th Ave, New York, NY 10018

Retail storefront location in close proximity to major Midtown transit hubs and destination anchors.

Property Size843 SF
Days on Market699

Property Features for 501 7th Ave

General Information

Standard status Active
Size 843 SF
Property subtype RETAIL
Listing Agency: RIPCO Real Estate - Corporate
Listed By: Andrew Mandell
Source: Moodyscre
Added: Sep 2, 2024 Changed: Jul 26 Last Checked: Jul 31 at 10:08AM

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 RIPCO Real Estate - Corporate

Investment Insights

Based on property information with market context.

This retail storefront offering is available for rent and totals 843 square feet. The property is positioned within a dense Midtown retail and corporate environment.

The public remarks note close proximity to Macy’s, Madison Square Garden, Penn Station, and the Port Authority Bus Terminal. The surrounding area includes more than 50 million square feet of corporate office tenants.

For tenants and brokers, the asset’s core value is its walkable connectivity to major rail and bus transit plus established destination anchors.

Key Highlights

  • Close to Macy’s, Madison Square Garden, Penn Station, and Port Authority Bus Terminal
  • Surrounded by over 50 million SF of corporate office tenants

Property Analytics

Current Use

Fair Mortgage Collaborative Loan Service Federated Title Services ... Title Company Pamella Roland Department Store MBP Construction Company Potbelly Sandwich Shop ... Take-out & Catering

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store Buffet Butcher Locksmith Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

81,836
Businesses Nearby
Well-served
Demand for This Use

Demographics for 10018, NY

11,145
Population
5,678
Households
2
Avg Household Size
35
Median Age
75%
College-Educated
92%
High-School Grad
0.3 sq mi
ZIP Area
37,150
Density / Sq Mi
$133,042
Median Household Income
$103,655
Median Earnings
$3,501
Median Rent
$947,100
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Storefront property - Retail storefront location in close proximity to major Midtown transit hubs and destination anchors.
Where is this storefront property located?
The property is located at 501 7th Ave New York, NY.
What are key features of this property?
This property features: Close to Macy’s, Madison Square Garden, Penn Station, and Port Authority Bus Terminal; Surrounded by over 50 million SF of corporate office tenants
(212) 750-6565 Call to check price and availability
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