Property profile

9 40Th St New York, NY 10016

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional 7,000-square-foot single-tenant space is located at 9 East 40th Street in the heart of Midtown East, New York, NY 10016. The property is a lower-level retail space, recently renovated with a "white box" finish, making it highly adaptable to a variety of uses. The space is ideal for retail, office, or restaurant tenants. Potential uses include, but are not limited to, a speakeasy, fitness center, golf simulator, commissary kitchen, showroom, medical office, or spa. Other uses will be considered. The space includes two private bathrooms and a pre-installed black iron vent extending to the roof. Convenient freight elevator access is available. The property benefits from a high-traffic location with prominent neighbors including DoorDash, Gregory's Coffee, Chick-fil-A, CityMD, Chase Bank, and the New York Public Library. Flagship signage opportunities are available. Immediate possession is possible, and lease terms are negotiable. The rental rate is available upon request.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Department Store
  • Accounting Firm Tax Preparation
  • Law Firm
  • Physician

Location

9 40Th St New York, NY 10016
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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