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    211 59Th St New York, NY 10022

    For Lease
    $118 SF/Yr

    Stunning 3,550 SF Gallery, Showroom, NYC

    Lot size:
    3,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail space, located at 211 E 59th St in New York City's vibrant New York County (zip code 10022), offers a unique opportunity for a discerning tenant. The property boasts a total area of 3,550 square feet, thoughtfully divided into a ground floor of 2,550 square feet, a mezzanine level of 1,000 square feet, and a 750 square foot basement. The space is ideal for a gallery or showroom, featuring impressive 24-foot ceilings and a double-height facade that maximizes natural light. A skylight further enhances the bright and airy atmosphere. The building's prominent location places the property within close proximity to the D&D Building, a significant design center. This single-tenant space is available for lease at a monthly rent of $35,000. The property's impressive size, high ceilings, and excellent location make it an exceptional opportunity for a business seeking a prestigious and visually striking space in the heart of New York City. This is a rare chance to secure a truly remarkable retail space in a highly desirable area.

    Property Features for 211 59Th St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,550 SF

    Unit(s) available at that property

    Space
    Size
    3,550 SF
    Rate per SF
    $118
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rafael Gallery Art Gallery

    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
    -73.9658939
    Latitude
    40.7614226

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    FAQs

    What type of property is this?
    Individual retail property - Stunning 3,550 SF Gallery, Showroom, NYC
    Where is this individual retail property located?
    The property is located at 211 59Th St New York, NY.
    What is the lease rate?
    The lease rate is $118 SF/Yr.
    Request Owner's contact information
    211 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
    211 59Th St New York, NY 10022
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