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    23 39Th St New York, NY 10018

    For Lease
    $115 SF/Yr

    Prime Midtown location, 2,500 sq ft available.

    Lot size:
    11,530 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional retail and restaurant opportunity is located at 23 W 39th St in New York City's vibrant Midtown submarket. The space totals 2,500 square feet on the ground floor, complemented by an additional 1,500 square feet in the basement. The property is classified as Class B and features attractive hardwood floors and impressive 12-foot ceilings. A significant asset is the existing 44-foot bar, already equipped with a 1 ½-inch gas line and proper ventilation. The space is well-suited for a variety of food and beverage concepts. Two ADA-compliant bathrooms are conveniently located in the lower level, along with a dedicated employee restroom. This prime location offers unparalleled visibility and accessibility, situated directly across the street from the new Amazon Headquarters and the recently constructed Grayson Hotel, ensuring high foot traffic and significant brand exposure. The multiple tenancy building offers a total of 11,530 square feet. This is a rare chance to establish a thriving business in one of Manhattan's most sought-after neighborhoods.

    Property Features for 23 39Th St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,530 SF
    Class
    B
    Total Rate
    110495.83

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    2,500 SF
    Rate per SF
    $115

    HighLights

    • 2,500 SF ground floor retail/restaurant space plus 1,500 SF basement in Midtown Manhattan's vibrant 39th Street corridor.
    • Class B space featuring hardwood floors and 12‑foot ceilings.
    • Existing 44‑foot bar with 1 1⁄2‑inch gas line and ventilation.
    • Two ADA‑compliant bathrooms in basement, plus employee restroom.
    • Prime location across from Amazon HQ and Grayson Hotel, offering high foot traffic and visibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rpi Professional Alternatives Employment Agency

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Daycare Center Auto Repair Shop Kitchen & Bath

    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
    -73.983773906491
    Latitude
    40.752197275151

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    FAQs

    What type of property is this?
    Restaurant - Prime Midtown location, 2,500 sq ft available.
    Where is this restaurant located?
    The property is located at 23 39Th St New York, NY.
    What is the lease rate?
    The lease rate is $115 SF/Yr.
    What are key features of this property?
    This property features: 2,500 SF ground floor retail/restaurant space plus 1,500 SF basement in Midtown Manhattan's vibrant 39th Street corridor.; Class B space featuring hardwood floors and 12-foot ceilings.; Existing 44-foot bar with 1 1⁄2-inch gas line and ventilation.
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    23 39Th St New York, NY 10018
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    New York, NY 10018
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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
    23 39Th St New York, NY 10018
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