401 50Th St New York, NY 10022

Property Details for 401 50Th St

Year built

1930

Property size

14,937 SF

Property type

Retail properties

Description

This exceptional retail building, located at the corner of 886 1st Avenue and 401 East 50th Street in the Beekman MF Submarket of New York City, offers a unique investment opportunity. The six-story building, constructed in 1930 and extensively renovated in 2021, boasts a total of 14,937 square feet across 25 suites. The lot size is 0.07 acres, zoned R10. A significant portion of the building (1,200 contiguous square feet maximum) is currently configured as a restaurant space, ideal for a food operator. This turnkey space features an active gas line, venting system, and a walk-in freezer in the basement, minimizing setup costs and maximizing operational efficiency. Its previous uses as a pizzeria and a juice bar/deli demonstrate its adaptability to various food service concepts. The building's prime location ensures high visibility and significant foot traffic, providing excellent potential for a thriving business. The modern and stylish architecture, combined with spacious and versatile floor plans, offers a desirable environment for tenants and customers alike. The abundance of natural light throughout the building further enhances its appeal. This property presents a rare chance to acquire a well-maintained, highly visible retail space in a vibrant New York City neighborhood. The building's multi-tenant configuration provides diversification and potential for strong rental income.