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0 58Th St New York, NY 10019

OFF-MARKET Retail properties & Spaces Google Maps
9,270 SF
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional mixed-use building, located on West 58th Street in the heart of Midtown Manhattan, New York, NY 10019, presents a rare investment opportunity. The property boasts 9,270 square feet of retail space, ideal for a variety of uses. The asking price is $8,500,000, translating to a price per square foot of $916.94. Significant potential exists due to substantial air rights totaling 15,730 square feet, offering future development possibilities. The building can be delivered vacant, providing immediate occupancy for the new owner. This prime Midtown location offers unparalleled access to high foot traffic, excellent public transportation, and a vibrant commercial environment. The property is classified as a storefront retail building within New York County. This is a unique chance to acquire a well-situated, versatile property with considerable upside potential in one of New York City's most desirable neighborhoods. Serious inquiries only.

Property profile

Verified
Property type Retail properties & Spaces
Total area 9,270 SF

Cap rate & NOI

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

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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