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    58Th St New York, NY 10019

    Sponsored
    For Sale
    $8,500,000

    9,270 SF Retail Building, $8.5M Asking

    Property size:
    9,270 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use building, located on West 58th Street in the heart of Midtown Manhattan, New York, NY 10019, presents a rare investment opportunity. The property boasts 9,270 square feet of retail space, ideal for a variety of uses. The asking price is $8,500,000, translating to a price per square foot of $916.94. Significant potential exists due to substantial air rights totaling 15,730 square feet, offering future development possibilities. The building can be delivered vacant, providing immediate occupancy for the new owner. This prime Midtown location offers unparalleled access to high foot traffic, excellent public transportation, and a vibrant commercial environment. The property is classified as a storefront retail building within New York County. This is a unique chance to acquire a well-situated, versatile property with considerable upside potential in one of New York City's most desirable neighborhoods. Serious inquiries only.

    Property Features for 0 58Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    9,270 SF

    HighLights

    • Midtown Manhattan mixed‑use building, 9,270 SF retail, asking $8,500,000 ($916.94/SF).
    • 15,730 SF air rights available for future development.
    • Can be delivered vacant.
    • Prime Midtown location with high foot traffic and excellent public transportation.
    • Storefront retail building in New York County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.98333360765
    Latitude
    40.767821939188

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    FAQs

    What type of property is this?
    Individual retail property - 9,270 SF Retail Building, $8.5M Asking
    Where is this individual retail property located?
    The property is located at 58Th St New York, NY.
    What is the asking price?
    The asking price for this property is $8,500,000.
    What are key features of this property?
    This property features: Midtown Manhattan mixed-use building, 9,270 SF retail, asking $8,500,000 ($916.94/SF).; 15,730 SF air rights available for future development.; Can be delivered vacant.
    Request Owner's contact information
    58Th St New York, NY 10019
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    New York, NY 10019
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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
    58Th St New York, NY 10019
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