Property profile

in 50s 7Th Ave New York, NY 10016

OFF-MARKET
Retail properties & Spaces
2,200 SF
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Property summary

AI-generated overview

This exceptional commercial space, located off 7th Avenue in the 50s of Manhattan (zip code 10016), presents a unique opportunity for food-related businesses. The property boasts a total of 2,200 square feet, currently entirely vacant and available for lease. The space is ideal for a variety of uses, including restaurants and other retail establishments, thanks to its flexible layout. Units can be leased in sizes ranging from a minimum of 200 square feet to a maximum contiguous space of 2,000 square feet, offering adaptability for businesses of various scales. The building's previous use as a commissary kitchen provides a significant advantage, with existing infrastructure potentially suitable for food preparation and storage. The location itself is a key selling point, situated in a high-traffic area with excellent street visibility, featuring a 15-foot storefront. This prime New York County location offers unparalleled access to a dense population and significant foot traffic, ensuring high visibility and potential for success. The property is categorized as retail and restaurant space, suitable for multiple tenants. This versatile space is ready for immediate occupancy and presents a rare opportunity to establish a thriving business in a vibrant Manhattan neighborhood. Inquire today to learn more about leasing options and secure your place in this dynamic location.

Property profile

Verified
Property type Retail properties & Spaces
Total area 2,200 SF

Cap rate & NOI

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

Location

in 50s 7Th Ave New York, NY 10016
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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