Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    413 50Th St New York, NY 10019

    • Retail properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • West 50th St. HDFC / Association Or Organization

    Property Details for 413 50Th St

    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Description

    This exceptional 927-square-foot retail space is ideally situated in the vibrant Hell's Kitchen neighborhood of New York City, specifically on West 50th Street between 9th and 10th Avenues. The property is classified as street retail and offers a single-tenant occupancy, making it perfect for a variety of businesses seeking a high-visibility location. The space is well-suited for a range of retail uses, benefiting from its prime location within a bustling and densely populated area. Utilities are conveniently metered separately, providing transparency and control over operational costs. A significant advantage is the inclusion of taxes within the lease terms, simplifying budgeting and financial planning. The property's address is 413 W 50th St, New York, NY 10019. Its precise geographic coordinates are latitude 40.7639819 and longitude -73.9896903. This presents a unique opportunity for a business to establish a strong presence in a thriving commercial district. The single-tenant setup offers flexibility and control, while the included taxes and separately metered utilities contribute to streamlined operations. This property is an excellent investment for businesses seeking a high-traffic, well-located retail space in a dynamic New York City neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    Saratoga
    State
    New York
    Longitude
    -73.9897
    Latitude
    40.764

    Comparable in this City

    • Value Estimation by Request
      3,782 SF

      720 Ninth Ave

      Individual retail properties • 3,782 SF
      720 Ninth Ave, New York, NY 10019
      View Details
    • Value Estimation by Request
      400 SF

      14th 59Th St

      Restaurants • 400 SF
      14th 59Th St, New York, NY 10019
      View Details
    • Value Estimation by Request

      853 7Th Ave

      Restaurants
      853 7Th Ave, New York, NY 10019
      View Details
    • Value Estimation by Request
      400 SF

      7th Ave Near Central Park

      Retail properties • 400 SF
      7th Ave Near Central Park, New York, NY 10019
      View Details
    • Value Estimation by Request

      244-250 54Th St

      Retail properties
      244-250 54Th St, New York, NY 10019
      View Details
    • Value Estimation by Request
      1,300 SF

      732 St

      Retail properties • 1,300 SF
      732 St, New York, NY 10019
      View Details

    Similar Nearby for Sale

    • $8,500,000
      9,270 SF

      Prime Midtown Storefront - NYC

      9,270 SF Retail Building, $8.5M Asking
      0 58Th St, New York, NY 10019
      View Details
    • Contact for pricing
      8,313 SF

      Retail Property in New York

      Retail property with 8,313 square feet of space.
      714 10Th Ave, New York, NY 10019
      View Details
    • $1,200,000
      3,200 SF

      Midtown Japanese Restaurant - High Profit

      Established eatery, prime Midtown location, strong lease.
      0 5Th Ave, New York, NY 10019
      View Details
    • $10,000,000
      27,458 SF

      Prime Midtown Medical Office Portfolio

      28 Suites, 27,500 SF, High NOI
      162 56Th St, New York, NY 10019
      View Details
    • Contact for pricing
      12,500 SF

      Prime Midtown East Opportunity

      Adjacent properties with development potential in Midtown East.
      151 E 57Th St, New York, NY 10019
      View Details
    • $7,990,000
      14,514 SF

      Office Building in New York

      Office building with 14,514 square feet of space.
      421-423 W 54Th St, New York, NY 10019
      View Details

    Similar Nearby for Lease

    • $75 SF/Yr
      959 SF

      Hell's Kitchen Retail Space For Sale

      Prime location, 959 sq ft, single tenant.
      415 50Th St, New York, NY 10019
      View Details
    • $210,000
      1,500 SF

      Midtown West Retail Space Lease

      Prime Hell's Kitchen, 1500 sq ft.
      0 9Th Ave, New York, NY 10019
      View Details
    • Contact for pricing
      7,231 SF

      Times Square Retail Space Available

      Prime Times Square location, 7,231 sq ft.
      1606 Broadway, New York, NY 10019
      View Details
    • Contact for pricing
      1,300 SF

      Times Square Retail Space Available

      Prime NYC Retail, Multiple Units
      732 Street, New York, NY 10019
      View Details
    • Contact for pricing
      6,675 SF

      Prime NYC Retail Space Available

      6,675 SF Retail Space - New York City
      218 57Th St, New York, NY 10019
      View Details
    • $282,000
      3,200 SF

      Prime Midtown Japanese Restaurant

      Established, profitable; high traffic location.
      0 5Th Ave, New York, NY 10019
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    413 50Th St
    New York, NY 10019
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.