Mixed-Use Building For
W 58th St New York, NY 10019
W 58th St, New York, NY, 10019
Contact for pricing
For Sale
Contact for pricing
Mixed-use building with potential for various commercial and residential uses.
Property Size9,270 SF
Price / SF$916.94
Days on Market653
Property Features for W 58th St
General Information
- Standard status
- Active
- Size
- 9,270 SF
- Property subtype
- Retail
Listing agency
Midtown Commercial Real Estate
(212) 804-7712
Listed by
Sung Cho · License #10301203280
Source
Crexi
Added: Oct 7, 2024 Updated: Jul 6 at 7:57AM Checked: Jul 20 at 5:55AM
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 Midtown Commercial Real Estate
Investment Insights
Based on property information with market context.
This is a mixed-use building offering approximately 9,270 square feet of space. The property is located in New York, NY. The building can be delivered vacant.
Key Highlights
- Mixed‑use building
- Can be delivered vacant
- Off market
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $556.2k | $60.00 |
| − Vacancy | −$83.4k | −$9.00 |
| EGI | $472.8k | $51.00 |
| − OpEx | −$177.3k | −$19.13 |
| NOI | $295.5k | $31.88 |
9,270 SF · lease $60.00/SF/yr · vacancy 15.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$4.22M
$3.69M – $4.92M
NOI $295,481 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$23.07M
$20.19M – $26.92M
NOI $1,615,205 @ 7.0% cap · market cap 19.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with potential for various commercial and residential uses.
Where is this mixed-use property located?
The property is located at W 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: Mixed‑use building; Can be delivered vacant; Off market
