Property profile

1638 Park Ave New York, NY 10035

OFF-MARKET
Retail properties & Spaces
1,500 SF
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Property summary

AI-generated overview

This exceptional retail opportunity is located at 1638 Park Avenue in the vibrant heart of New York City, New York County, zip code 10035. The property offers a total of 1,500 square feet of commercial space, currently entirely vacant and available for lease. This presents a unique chance for a single tenant to occupy the entire space or for multiple tenants to lease portions, with a minimum divisible unit of 500 square feet and a maximum contiguous space of 1,000 square feet. The property is classified as retail commercial space with multiple tenancy options. Its prime location on Park Avenue offers excellent visibility and accessibility, making it an ideal location for a variety of businesses. The address is easily identifiable and conveniently situated within New York City, providing access to a large and diverse customer base. The property's 1,500 square feet of vacant space allows for significant customization and design flexibility to suit the needs of the prospective tenant(s). This is a rare opportunity to secure a highly desirable retail space in one of Manhattan's most sought-after locations. Interested parties should act quickly to secure this exceptional property. The property is situated at latitude 40.79959 and longitude -73.943454.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,500 SF

Cap rate & NOI

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

Location

1638 Park Ave New York, NY 10035
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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