Mixed-Use Building For
For Sale
Contact for pricing
W 58th St, New York, NY 10019
Mixed-use building with potential for various commercial and residential uses.
Property Size9,270 SF
Price / SF$916.94
Days on Market745
Property Features for W 58th St
General Information
Standard status
Active
Size
9,270 SF
Property subtype
Retail
Listing Agency:
Midtown Commercial Real Estate
Listed By:
Sung Cho · License #10301203280
(212) 804-7712
Source:
Crexi
Added: Oct 7, 2024
Changed: Oct 7
Last Checked: Oct 20 at 5:45PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$295,481
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,909,620
$5.9M
Cap Rate 7%
$4,221,157
$4.2M
Cap Rate 9%
$3,283,122
$3.3M
Market Conditions
NOI Build-Up for 9,270 SF
Gross rent
$556.2K $60.00/SF
− Vacancy
−$83.4K −$9.00/SF
EGI
$472.8K $51.00/SF
− OpEx
−$177.3K −$19.13/SF
NOI
$295.5K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,909,620
Cap Rate 7%
$4,221,157
Cap Rate 9%
$3,283,122
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
60,198
Businesses Nearby
Explore this area
Business Placement
Demographics for 10019, NY
49,029
Population
33,279
Households
1.5
Avg Household Size
38
Median Age
78%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
70,041
Density / Sq Mi
$121,835
Median Household Income
$108,231
Median Earnings
$2,619
Median Rent
$1,066,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
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
