Property profile

138 50Th St New York, NY 10022

OFF-MARKET
Retail properties & Spaces
8,875 SF
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Property summary

AI-generated overview

This exceptional retail opportunity is located at 138 East 50th Street in the heart of Midtown East, New York, NY 10022. The property offers a total of 8,875 square feet, with two contiguous spaces currently available for lease, ranging from 3,500 to 4,175 square feet. This presents a unique chance to secure a prominent retail presence in a high-traffic area. The building features convenient elevator access, a significant advantage for both tenants and customers. The property is classified as both retail and restaurant-suitable, offering versatility for a wide range of businesses. The building's location in New York County provides excellent access to public transportation, major thoroughfares, and a dense population of potential customers. With 7,675 square feet currently vacant, this presents a substantial opportunity for a single tenant or the potential for multiple tenants to occupy the space. The property's prime location and flexible space make it an ideal choice for businesses seeking high visibility and accessibility in one of Manhattan's most desirable neighborhoods. This is a rare opportunity to establish a thriving business in a vibrant and well-connected area. Serious inquiries are encouraged.

Property profile

Verified
Property type Retail properties & Spaces
Total area 8,875 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
  • Condominium Complex
  • Parking Lot & Garage
  • Real Estate Agency
  • Production Facility Furniture & Home Goods

Location

138 50Th St New York, NY 10022
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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