Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    14th 59Th St New York, NY 10022

    • Retail properties
    • 1,133 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 14th 59Th St

    Property size
    1,133 SF
    Property type
    Retail properties

    Description

    This exceptional 1,133 square foot retail space is ideally situated in Midtown East, New York County, offering a prime location for a variety of businesses. Located off 1st Avenue between East 14th and East 59th Streets, the property boasts excellent street visibility with a 13-foot frontage. The space is currently vacant and ready for immediate occupancy, presenting a unique opportunity for a single tenant. Previously used as a spa, the layout is adaptable and could easily be customized to suit a range of retail concepts. The property is classified as commercial retail and is part of a larger building. The convenient Midtown East location provides easy access to public transportation, a high volume of foot traffic, and a dense concentration of residential and commercial properties. This presents a significant advantage for businesses seeking high visibility and accessibility. The space's size makes it suitable for a variety of retail uses, from smaller boutiques to service-oriented businesses. The address is in the 10022 zip code. This is a single-tenant occupancy space within a larger building. The property is located in New York County, New York.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.966
    Latitude
    40.7613

    Comparable in this City

    • Value Estimation by Request
      638 SF

      14th 59Th St

      Restaurants • 638 SF
      14th 59Th St, New York, NY 10022
      View Details
    • Value Estimation by Request
      615 SF

      60th 110Th St

      Retail properties • 615 SF
      60th 110Th St, New York, NY 10022
      View Details
    • Value Estimation by Request

      889 1St Ave

      Retail properties
      889 1St Ave, New York, NY 10022
      View Details
    • Value Estimation by Request
      5,230 SF

      980 1St Ave

      Restaurants • 5,230 SF
      980 1St Ave, New York, NY 10022
      View Details
    • Value Estimation by Request
      2,100 SF

      40 58Th St

      Retail properties • 2,100 SF
      40 58Th St, New York, NY 10022
      View Details
    • Value Estimation by Request
      4,000 SF

      60th 110Th St

      Restaurants • 4,000 SF
      60th 110Th St, New York, NY 10022
      View Details

    Similar Nearby for Sale

    • $6,250,000
      8,325 SF

      Midtown East Retail Investment Opportunity

      Prime NYC Retail Space, 8,325 SF, $6.25M
      924 3Rd Ave, New York, NY 10022
      View Details
    • Contact for pricing
      20,081 SF

      Prime NYC Mixed-Use Assemblage

      High-income 20-unit assemblage, ideal for redevelopment.
      928 3Rd Ave, New York, NY 10022
      View Details
    • $2,600,000

      Thriving Auto Repair Shop

      Auto repair shop in busy commercial area near Brooklyn-Queens Expressway.
      739 3Rd Ave, New York, NY 10022
      View Details
    • $40,000,000
      34,436 SF

      Midtown Luxury Commercial Condo Building

      35,000 SF Midtown building ideal for various uses.
      60 E 55Th St, New York, NY 10022
      View Details
    • Contact for pricing

      Midtown Manhattan Development Site

      Prime Plaza District, 77,000 buildable sq ft
      118 59Th St, New York, NY 10022
      View Details
    • $11,800,000
      10,925 SF

      Midtown Manhattan Multifamily

      Luxury 11-unit building, prime location.
      225 58Th St, New York, NY 10022
      View Details

    Similar Nearby for Lease

    • $60,000
      520 SF

      Prime Midtown East Retail Space

      520 SF Turn-Key Retail, High Traffic
      889 1St Ave, New York, NY 10022
      View Details
    • Contact for pricing
      680 SF

      Prime East 59th Street Retail Space

      680 SF Retail Space - NYC - For Lease
      328 59Th St, New York, NY 10022
      View Details
    • Contact for pricing
      3,394 SF

      Prime Midtown East Retail Space

      NYC Retail: 1,353-2,041 SF Available
      0 51St St, New York, NY 10022
      View Details
    • $960 /Mo
      1,500 SF

      Midtown East Corner Bar for Sale

      Prime NYC location, high foot traffic, flexible space.
      889 1St Ave, New York, NY 10022
      View Details
    • $60 SF/Yr
      4,000 SF

      Prime Midtown East Retail Space

      Exceptional 4,000 sq ft Restaurant
      231 50Th St, New York, NY 10022
      View Details
    • Contact for pricing
      745,487 SF

      575 Lexington Ave

      Office Properties & Spaces • 745,487 SF
      575 Lexington Ave, New York, NY 10022
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    14th 59Th St
    New York, NY 10022
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.