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    117- 59Th St New York, NY 10022

    For Lease
    Contact for pricing

    17,261 SF Available, Multiple Units

    Lot size:
    17,261 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional retail property, located at 117-127 E 59th Street in New York City's vibrant Midtown East, offers a unique opportunity for businesses seeking high-visibility space. The entire 17,261 square foot building is currently vacant and available for lease, presenting a blank canvas for a single large tenant or multiple smaller occupants. Flexible lease terms are available to accommodate various business needs. The property is categorized as commercial retail with multiple tenancy options. Individual spaces range from a minimum of 4,260 square feet to a maximum contiguous space of 7,249 square feet, allowing for adaptability to diverse business requirements. This prime location in New York County (zip code 10022) boasts excellent foot traffic and visibility, making it an ideal location for a variety of retail businesses. The property's size and layout provide ample space for a flagship store, multiple smaller boutiques, or a combination thereof. Its strategic location in Midtown East ensures high exposure to both local residents and tourists. This is a rare opportunity to secure a significant retail presence in one of Manhattan's most desirable neighborhoods. Contact us today to learn more about this exceptional property and explore the possibilities.

    Property Features for 117- 59Th St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,261 SF

    Unit(s) available at that property

    Space
    Space A Ground Floor
    Size
    5,752 SF
    Space
    Space B Ground Floor
    Size
    4,260 SF
    Space
    space A Lower Level
    Size
    7,249 SF

    HighLights

    • 17,261 SF retail building available for lease at 117‑127 E 59th St, NYC.
    • High foot traffic location in Midtown East's high‑end retail corridor.
    • 17' ceilings.
    • Frontages: 40' and 33'.
    • Flexible lease terms and multiple tenancy options; spaces range from 4,260 SF to 7,249 SF contiguous.
    • Space A (currently occupied by Muji) available; other spaces available ASAP.
    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 Clothing Store Nail Salon 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
    -73.9686316
    Latitude
    40.7628197

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    FAQs

    What type of property is this?
    Retail property - 17,261 SF Available, Multiple Units
    Where is this retail property located?
    The property is located at 117- 59Th St New York, NY.
    What are key features of this property?
    This property features: 17,261 SF retail building available for lease at 117-127 E 59th St, NYC.; High foot traffic location in Midtown East's high-end retail corridor.; 17' ceilings.
    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
    117- 59Th St New York, NY 10022
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