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    39Th St New York, NY 10018

    Sponsored
    For Lease
    $81 SF/Yr

    1,176 sq ft Restaurant Space; High Foot Traffic

    Lot size:
    1,176 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Midtown Manhattan retail space presents a unique investment opportunity. The property boasts 1,176 square feet on the ground floor, ideally suited for a variety of food-service businesses. Previously configured as a restaurant, this Class A space is ready for immediate occupancy. Its prime location ensures high foot traffic, making it an attractive proposition for a restaurant, coffee shop, bagel shop, or gourmet deli. The versatile layout includes an additional 500 square feet of basement space, offering ample storage or potential for expansion. The single-tenant occupancy simplifies management and provides a clear revenue stream. This property is situated in New York County and is categorized as a retail space within the Midtown area. The building's high-quality construction and desirable location combine to create a compelling investment opportunity with significant potential for return. The existing infrastructure, designed for a restaurant, minimizes initial setup costs and allows for a swift transition to a new business. Don't miss this chance to secure a thriving retail space in a highly sought-after Manhattan location. Serious inquiries only.

    Property Features for 0 39Th St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,176 SF
    Class
    A

    Unit(s) available at that property

    Space
    Size
    1,176 SF
    Rate per SF
    $81

    HighLights

    • Midtown Manhattan Retail Space: 1,176 sq. ft. ground floor, Class A, single‑tenant occupancy.
    • Suitable for restaurant, coffee shop, bagel shop, or deli.
    • High foot traffic location.
    • Includes 500 sq. ft. basement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9909686
    Latitude
    40.7552441

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    FAQs

    What type of property is this?
    Restaurant - 1,176 sq ft Restaurant Space; High Foot Traffic
    Where is this restaurant located?
    The property is located at 39Th St New York, NY.
    What is the lease rate?
    The lease rate is $81 SF/Yr.
    What are key features of this property?
    This property features: Midtown Manhattan Retail Space: 1,176 sq. ft. ground floor, Class A, single-tenant occupancy.; Suitable for restaurant, coffee shop, bagel shop, or deli.; High foot traffic location.
    Request Owner's contact information
    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
    39Th St New York, NY 10018
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