Property profile

14th 59Th St New York, NY 10017

OFF-MARKET
Retail properties & Spaces
1,950 SF
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Property summary

AI-generated overview

This exceptional 1,950-square-foot retail space is ideally situated in Midtown East, boasting a highly desirable location near Grand Central Terminal. The property offers a single-tenant occupancy in a vibrant commercial area with significant foot traffic. Located in New York County, with a precise address within the East 14th Street to East 59th Street boundaries, this space presents a unique opportunity for businesses seeking high visibility and accessibility. The storefront features a substantial 30-foot frontage on Lexington Avenue, ensuring maximum exposure to potential customers. Its proximity to major transportation hubs like Grand Central Terminal, along with the United States Postal Service and the Chrysler Building, guarantees a constant flow of pedestrians and convenient access for employees and clients. The entire 1,950 square feet is currently vacant and ready for immediate occupancy, making it an attractive proposition for businesses looking to establish or expand their presence in a prime Manhattan location. The zip code for this property is 10017. This retail space is classified as commercial property under a single tenancy agreement. The building's total square footage mirrors the vacant space, indicating a complete unit available for lease. This presents a rare chance to secure a prominent retail location in one of New York City's most sought-after commercial districts.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,950 SF

Cap rate & NOI

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

Location

14th 59Th St New York, NY 10017
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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