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    238 59Th St New York, NY 10022

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    For Lease
    Contact for pricing

    3,640 SF Retail Space - Available Now

    Lot size:
    3,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,640-square-foot retail space is ideally situated at 238 East 59th Street in the heart of Midtown East, New York, NY 10022. The property is a single-tenant space, offering complete flexibility for a wide range of retail businesses. Located in New York County, this street-level retail location boasts high visibility and foot traffic, making it an excellent opportunity for businesses seeking a prominent presence in a bustling commercial district. The entire 3,640 square feet is currently vacant and ready for immediate occupancy, allowing for a seamless transition and quick start for new tenants. The property's prime location offers unparalleled access to a diverse customer base and benefits from excellent public transportation connections. This is a rare opportunity to secure a significant retail presence in one of Manhattan's most desirable neighborhoods. The space presents a blank canvas for a creative and impactful retail design, allowing businesses to fully customize the layout and ambiance to match their brand identity. Interested parties are encouraged to inquire for further details and to schedule a viewing of this exceptional retail property. The address is 238 E 59th St, New York, NY 10022.

    Property Features for 238 59Th St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,640 SF

    Unit(s) available at that property

    Space
    Ground Floor
    Size
    3,640 SF

    HighLights

    • 3,640 SF retail space at 238 E 59th St, NYC, 10022.
    • Located in Midtown East, at street level with high visibility and foot traffic.
    • Currently vacant and ready for immediate occupancy.
    • Situated at the base of a 160‑unit luxury residential tower adjacent to Weill Cornell Medical Center.
    • Excellent co‑tenancy with fine arts and design buildings.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Intelligent Company Furniture Store

    Suggested Use

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

    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
    -73.9650724
    Latitude
    40.7607248

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    FAQs

    What type of property is this?
    Individual retail property - 3,640 SF Retail Space - Available Now
    Where is this individual retail property located?
    The property is located at 238 59Th St New York, NY.
    What are key features of this property?
    This property features: 3,640 SF retail space at 238 E 59th St, NYC, 10022.; Located in Midtown East, at street level with high visibility and foot traffic.; Currently vacant and ready for immediate occupancy.
    Request Owner's contact information
    238 59Th St New York, NY 10022
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    New York, NY 10022
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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
    238 59Th St New York, NY 10022
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