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    41 35Th St New York, NY 10001

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    For Sale
    Contact for pricing

    Turnkey Restaurant, Retail, & Residential

    Property size:
    5,803 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property at 41 W 35th St in New York City presents a unique investment opportunity. The building, constructed in 1920 and extensively renovated in 2022, boasts a total of 5,803 square feet across four stories. The permitted zoning is M1-6, 8d, allowing for a variety of uses. The property includes a thriving turnkey restaurant and cocktail bar, complete with a commissary kitchen in the basement. Residential units are fully leased, providing a stable income stream. Significant potential exists with 12,723 square feet of available air rights. The 1,852 square foot lot is ideally situated in a vibrant Manhattan location, offering unparalleled proximity to iconic landmarks such as the Empire State Building, Herald Square, and Koreatown. Excellent public transportation access is provided by numerous subway lines including the N, Q, R, W, B, D, F, M, 1, 2, and 3. This turnkey operation offers immediate income and significant upside potential for a savvy investor. The combination of established commercial space and fully leased residential units makes this a truly compelling investment. The recent renovation ensures the property is in excellent condition, minimizing immediate capital expenditure needs. Don't miss this chance to acquire a prime piece of Manhattan real estate.

    Property Features for 41 35Th St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,803 SF

    Building Details

    Year Built/Renovated
    1920/2022
    Buildings
    1
    Stories
    4

    HighLights

    • Mixed‑use property totaling 5,803 square feet.
    • Recently renovated in 2022.
    • Features a turnkey restaurant and cocktail bar with a commissary kitchen.
    • Four‑story building on a 1,852 square foot lot in Manhattan.
    • Includes 12,723 square feet of air rights.
    • Located at 41 W 35th St, New York, NY 10001, near major transportation and attractions.
    Property Profile Location Intelligence

    Current Use by Public Records

    K&D Wellness Spa Katherine Meets Toni Restaurant CV19 Essential & Rapid ... Health And Beauty Shop

    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
    -73.9858948
    Latitude
    40.7500275

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    FAQs

    What type of property is this?
    Mixed-use property - Turnkey Restaurant, Retail, & Residential
    Where is this mixed-use property located?
    The property is located at 41 35Th St New York, NY.
    What are key features of this property?
    This property features: Mixed-use property totaling 5,803 square feet.; Recently renovated in 2022.; Features a turnkey restaurant and cocktail bar with a commissary kitchen.
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    41 35Th St New York, NY 10001
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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
    41 35Th St New York, NY 10001
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