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    OFF-MARKET
    Retail properties & Spaces

    358 47Th St, New York, NY 10036

    800 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 800-square-foot retail or restaurant space is ideally situated in the vibrant Hell's Kitchen neighborhood of New York City, at 358 W. 47th Street, zip code 10036. The property boasts a single-tenant occupancy and offers a unique opportunity for a business seeking high visibility and foot traffic. The space features a desirable U-shaped layout and includes exclusive use of an 800-square-foot lower level and a backyard. Previous use as a restaurant indicates existing venting infrastructure. The location benefits from excellent exposure and frontage on a highly trafficked street, just off 9th Avenue and in close proximity to Times Square. This prime location provides access to a thriving commercial and residential community, with easy access to subway lines. The area is experiencing significant growth, attracting both businesses and residents, making this an ideal location for a variety of retail or restaurant concepts. The high concentration of skyscrapers, tourists, and commuters ensures consistent exposure to a large potential customer base. This is a remarkable opportunity to establish a business in a dynamic and rapidly developing area of Manhattan.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 800 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • RINK Clothing & Fashion Store
    • UT47 Manhattan Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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