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    17 34Th St New York, NY 10001

    Sponsored
    For Lease
    Contact for pricing

    Manhattan retail, 40,000 sq ft, multiple suites.

    Lot size:
    40,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional retail opportunity presents 40,000 square feet of prime space at 17 West 34th Street in Manhattan's vibrant Herald Square. Currently available for the first time in 22 years, this single-story building offers three suites, with a minimum divisible space of 11,000 square feet and a maximum contiguous space of 16,000 square feet. The property boasts excellent condition, having served as a successful apparel store for many years. Key features include exclusive passenger elevators within the space, direct loading access on West 35th Street, and a strategic location directly across from the Empire State Building and adjacent to Amazon's retail and office presence. The high ceilings, column placement, and generous frontage allow for flexible and logical store layouts. Herald Square's unparalleled shopping district benefits from high foot traffic, driven by shoppers, office workers, and tourists, further enhanced by the presence of major retailers such as Macy's, Ulta, Footlocker, Target, Sephora, and Amazon Books. The area's robust public transportation, ranked among NYC's top subway stops, ensures easy accessibility. Future development, including a new Starbucks and the transformation of Penn Station, promises continued growth and increased foot traffic. The possibility of adding a third floor of 16,000 square feet presents an exciting expansion opportunity. This is a rare chance to secure a prominent retail presence in one of Manhattan's most dynamic and sought-after locations.

    Property Features for 17 34Th St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,000 SF

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Second Floor
    Size
    16,000 SF
    Space
    Ground Floor
    Size
    13,000 SF
    Space
    Lower Level
    Size
    11,000 SF

    HighLights

    • 40,000 SF retail shopping center in Manhattan's Herald Square.
    • Three suites available, ranging from 11,000 to 16,000 contiguous SF.
    • Entire 40,000 SF building currently vacant.
    • Located at 17 West 34th Street, directly across from the Empire State Building and adjacent to Amazon.
    • Features include exclusive passenger elevators, rear loading on West 35th Street, and potential for a 16,000 SF third floor addition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Therapy Matters Psychologist ORLY Corporate Office Banana Republic Factory ... Clothing Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    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
    -73.9859425
    Latitude
    40.7492544

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    FAQs

    What type of property is this?
    Lifestyle center - Manhattan retail, 40,000 sq ft, multiple suites.
    Where is this lifestyle center located?
    The property is located at 17 34Th St New York, NY.
    What are key features of this property?
    This property features: 40,000 SF retail shopping center in Manhattan's Herald Square.; Three suites available, ranging from 11,000 to 16,000 contiguous SF.; Entire 40,000 SF building currently vacant.
    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
    17 34Th St New York, NY 10001
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