23-25 35Th St New York, NY 10018
This exceptional 8,760 square foot retail space at 23-25 West 35th Street in New York County, NY, offers a unique opportunity for businesses seeking a prime location in Manhattan. Currently under construction, the property is fully vacant and divisible, with spaces ranging from 474 to 3,356 square feet. Multiple tenancy options are available to suit various business needs. Landlord-provided utilities include electricity, gas, water, and sewer lines, simplifying operations for tenants. The building enjoys an unparalleled location, just one block from the iconic Empire State Building and the bustling Herald Square retail corridor. Its proximity to major transportation hubs, including Penn Station, Moynihan Train Hall, and Grand Central Terminal, ensures excellent accessibility for both employees and customers. Furthermore, the property benefits from easy access to numerous subway lines (N, Q, R, W, 1, 2, 3, F, D, M, B), enhancing its appeal to a wide range of potential tenants. Nearby attractions such as Madison Square Garden further contribute to the high foot traffic and visibility of this exceptional retail opportunity. This is an ideal location for businesses seeking high visibility and convenient access to a diverse customer base in the heart of New York City. The zip code is 10018.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.