Property profile

358 47Th St New York, NY 10036

OFF-MARKET
Retail properties & Spaces
800 SF
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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

Current use

Occupant on record · Public records
  • Clothing & Fashion Store
  • Restaurant

Location

358 47Th St New York, NY 10036
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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