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    230 58Th St New York, NY 10022

    Sponsored
    For Lease
    $87 SF/Yr

    Prime Midtown East Retail Opportunity

    Lot size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property at 230 E 58th Street in the Sutton Place submarket of New York County offers a unique opportunity for a discerning tenant. The space comprises a 2,000 square foot ground floor area, ideal for a restaurant or retail establishment, complemented by an additional 2,000 square feet of lower level space. The ground floor boasts abundant natural light and benefits from high foot traffic in this vibrant Midtown East location. The lower level provides valuable additional space, potentially for storage, preparation, or expansion. The property includes some existing kitchen equipment, specifically two refrigerators, and a single bathroom. Its convenient location offers excellent accessibility, with easy walking distance to multiple subway lines (N, R, W, E & M) and numerous bus routes. The surrounding area is bustling with restaurants, bars, and other attractions, ensuring high visibility and potential customer base. The total building size is 20,000 square feet, and the property is available for multiple tenants. This presents a rare chance to establish a thriving business in a highly desirable and well-connected Midtown East location. The property is classified as Retail, Restaurant, and Special Purpose, suitable for a variety of uses.

    Property Features for 230 58Th St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF
    Total Rate
    145000

    Unit(s) available at that property

    Space
    Restaurant
    Size
    2,000 SF
    Rate per SF
    $87

    HighLights

    • 2,000 SF ground floor retail space available in a 20,000 SF multi‑tenant building.
    • Additional 2,000 SF lower level space available.
    • Partial kitchen equipment included (two refrigerators).
    • One bathroom.
    • Excellent natural light and high foot traffic.
    • Convenient Midtown East location near multiple subway lines (N, R, W, E, & M) and abundant public transportation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Axial Construction Contractor

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Dental Office Clothing Store Food Market Law Firm Grocery Store

    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
    -73.965688183069
    Latitude
    40.760359901075

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    FAQs

    What type of property is this?
    Individual retail property - Prime Midtown East Retail Opportunity
    Where is this individual retail property located?
    The property is located at 230 58Th St New York, NY.
    What is the lease rate?
    The lease rate is $87 SF/Yr.
    What are key features of this property?
    This property features: 2,000 SF ground floor retail space available in a 20,000 SF multi-tenant building.; Additional 2,000 SF lower level space available.; Partial kitchen equipment included (two refrigerators).
    Request Owner's contact information
    230 58Th St New York, NY 10022
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    New York, NY 10022
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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
    230 58Th St New York, NY 10022
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