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    421 7Th Ave New York, NY 10001

    For Lease
    Contact for pricing

    High-traffic corner location, flexible space.

    Lot size:
    67,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional retail opportunity is located at 421 7th Avenue, New York, NY 10001, on the corner of West 33rd Street. The property, built in 1922, is a 15-story building offering a total of 67,000 square feet of retail space. Currently, there is space available ranging from 1,000 to 6,000 contiguous square feet, ideal for a variety of uses including QSR, pizzeria, deli, or restaurant concepts. The space benefits from over 100 feet of wrap-around frontage, ensuring maximum visibility and foot traffic. A significant advantage is the inclusion of a fully vented, 2,550 square foot lower level, perfect for additional seating or storage. The building features elevators for convenient access. This high-traffic location in the heart of New York City presents a rare chance to establish a thriving business in a prime commercial area. The property's history and prominent location combine to offer a unique and compelling investment opportunity. The minimum divisible space is 1,000 square feet.

    Property Features for 421 7Th Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    67,000 SF

    Building Details

    Year Built
    1922
    Stories
    15

    Unit(s) available at that property

    Space
    421 Seventh Ave
    Size
    1,375 SF

    HighLights

    • High‑profile Midtown corner location, proximate to Penn Station.
    • Exceptional visibility and accessibility due to its prime Midtown Manhattan location and proximity to Penn Station.
    • High foot traffic and excellent mass transit access via Penn Station.
    Property Profile Location Intelligence

    Current Use by Public Records

    Marian Goldman Photography Portrait Studio The Chapter Media Video Production Service Law Offices of Mohammad ... Attorney Victoria Bekerman Studio Jewelry Designer Louis A. Abate, DC Chiropractor

    Suggested Use

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

    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
    -73.9906789
    Latitude
    40.7503431

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    FAQs

    What type of property is this?
    Restaurant - High-traffic corner location, flexible space.
    Where is this restaurant located?
    The property is located at 421 7Th Ave New York, NY.
    What are key features of this property?
    This property features: High-profile Midtown corner location, proximate to Penn Station.; Exceptional visibility and accessibility due to its prime Midtown Manhattan location and proximity to Penn Station.; High foot traffic and excellent mass transit access via Penn Station.
    Request Owner's contact information
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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
    421 7Th Ave New York, NY 10001
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