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    124 40Th St New York, NY 10016

    For Lease
    $14,000 /Mo

    High-traffic NYC retail space near Grand Central.

    Lot size:
    1,100 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1,100 square foot retail space is ideally situated at 124 E 40th St, New York, NY 10016, in New York County. Previously occupied by a hair salon, this single-tenant property benefits from exceptionally high foot traffic. Its prime location offers unparalleled accessibility, being in close proximity to Grand Central Terminal and numerous subway lines including the 4, 5, 6, 7, B, D, F, M, and S trains. The space boasts approximately 9-foot ceiling heights, providing ample room for a variety of retail uses. The property's excellent visibility and convenient location make it an attractive opportunity for businesses seeking a thriving retail environment in the heart of Manhattan. This is a rare chance to secure a well-positioned retail space in one of New York City's most dynamic and accessible neighborhoods. The property is classified as retail and is a single-tenant space. Further details are available upon request.

    Property Features for 124 40Th St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,100 SF
    Total Rate
    14000

    Unit(s) available at that property

    Space
    Size
    1,100 SF
    Rate per SF
    $14,000
    Property Profile Location Intelligence

    Current Use by Public Records

    Merkin Linda DC Chiropractor Wright Karen A DC Chiropractor Michael Beneat DC ... Chiropractor One Circle Wellness ... Wellness Center I Brow & Beauty ... Facial Spa

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Grocery Store Daycare Center Pharmacy

    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
    -73.9773555
    Latitude
    40.7500889

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    FAQs

    What type of property is this?
    Retail property - High-traffic NYC retail space near Grand Central.
    Where is this retail property located?
    The property is located at 124 40Th St New York, NY.
    What is the lease rate?
    The lease rate is $14,000 /Mo.
    Request Owner's contact information
    124 40Th St New York, NY 10016
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    New York, NY 10016
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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
    124 40Th St New York, NY 10016
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