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    415 50Th St New York, NY 10019

    Sponsored
    For Lease
    $75 SF/Yr ($5,993 /Mo)

    Prime location, 959 sq ft, single tenant.

    Lot size:
    959 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 959-square-foot retail space is ideally situated in the vibrant Hell's Kitchen neighborhood, nestled between 9th and 10th Avenues. The property is zoned R8, offering a versatile canvas for a variety of commercial uses. Currently vacant, this single-tenant space presents a unique opportunity for an owner-occupier or investor seeking a prime location with high visibility. The building's total square footage mirrors the available space, ensuring complete control and flexibility. A significant advantage is the separately metered utilities, allowing for precise cost management and transparency. Furthermore, property taxes are included, simplifying budgeting and operational expenses. This turnkey retail space is ready for immediate occupancy, providing a seamless transition for any business seeking a thriving location in a dynamic and densely populated area. The convenient location offers excellent access to public transportation, ensuring high foot traffic and accessibility for customers. This is an exceptional opportunity to establish or expand a business in a highly sought-after area of Manhattan. Don't miss this chance to secure a prime retail space in the heart of Hell's Kitchen.

    Property Features for 415 50Th St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    959 SF
    Total Rate
    5993.75

    Unit(s) available at that property

    Space
    Available Space
    Size
    959 SF
    Rate per SF
    $75

    HighLights

    • 959 square foot retail space in Hell's Kitchen.
    • Single‑tenant occupancy.
    • Located between 9th and 10th Avenues.
    • Separately metered utilities.
    • Taxes included.
    • R8 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

    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
    -73.9897685
    Latitude
    40.7640097

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    FAQs

    What type of property is this?
    Retail property - Prime location, 959 sq ft, single tenant.
    Where is this retail property located?
    The property is located at 415 50Th St New York, NY.
    What is the lease rate?
    The lease rate is $75 SF/Yr.
    What are key features of this property?
    This property features: 959 square foot retail space in Hell's Kitchen.; Single-tenant occupancy.; Located between 9th and 10th Avenues.
    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
    415 50Th St New York, NY 10019
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