Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    14th 59Th St New York, NY 10019
    Back to Search
    Property profile & analytics

    14th 59Th St New York, NY 10019

    View on Map
    • Retail properties & Spaces
    • 3,680 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 14th 59Th St

    Property size
    3,680 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity presents three available spaces totaling 3,680 square feet in a vibrant Midtown Manhattan location, just off 6th Avenue in the mid-50s, zip code 10019. The property is situated in the Park Avenue-7th Avenue corridor between 14th and 59th Streets, offering unparalleled access to high foot traffic and excellent visibility. The former beauty salon boasts a 17-foot frontage, ensuring strong street presence. Each space is highly adaptable, with a minimum divisible unit size of 680 square feet and a maximum contiguous space of 1,800 square feet, providing flexibility for a variety of retail uses. The entire 3,680 square feet is currently vacant, presenting a unique chance to customize the space to meet specific business needs. The property's convenient location and ample water access make it an ideal space for a variety of retail concepts. This is a rare opportunity to secure a prime retail space in one of Manhattan's most sought-after neighborhoods. The property is classified as Commercial Retail with multiple tenancy options. Serious inquiries are encouraged.

    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
    New York
    State
    New York
    Longitude
    -73.9767
    Latitude
    40.7659

    Comparable in this City

    • 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
      400 SF

      7th Ave Near Central Park

      Retail properties & Spaces • 400 SF
      7th Ave Near Central Park, New York, NY 10019
      View Details
    • Value Estimation by Request
      6,675 SF

      218 57Th St

      Retail properties & Spaces • 6,675 SF
      218 57Th St, New York, NY 10019
      View Details
    • Value Estimation by Request
      10,600 SF

      777 7Th Ave

      Retail properties & Spaces • 10,600 SF
      777 7Th Ave, New York, NY 10019
      View Details
    • Value Estimation by Request
      20,414 SF

      1251 6Th Ave

      Restaurants • 20,414 SF
      1251 6Th Ave, New York, NY 10019
      View Details
    • Value Estimation by Request
      10,640 SF

      826 7Th Ave

      Retail properties & Spaces • 10,640 SF
      826 7Th Ave, New York, NY 10019
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      101,945 SF

      Retail and Office Space Available

      101,945 SqFt retail and office space for sale.
      1657 Broadway, New York, NY 10019
      View Details
    • Contact for pricing

      Midtown West Mixed-Use Investment

      Mixed-use property in a rapidly transforming Manhattan neighborhood.
      467 W 49Th St, New York, NY 10019
      View Details
    • Contact for pricing
      8,810 SF

      Mixed-Use Buildings with Retail

      Two mixed-use buildings featuring retail spaces and free-market apartments.
      718 10Th Ave, New York, NY 10019
      View Details
    • Contact for pricing
      10,338 SF

      Vacant Elevator Property For Sale

      Vacant elevator property between 5th & 6th Avenues in New York.
      41 W 56Th St, New York, NY 10019
      View Details
    • Contact for pricing
      5,802 SF

      Midtown Manhattan Retail Building

      Recently renovated 5,802 SF building with restaurant space.
      43 W 54Th St, New York, NY 10019
      View Details
    • Contact for pricing
      31,264 SF

      Times Square Retail Condominium

      Multi-story retail condominium in Times Square, 100% leased.
      1619 Broadway, New York, NY 10019
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Midtown Speakeasy/Cocktail Bar Opportunity

      Speakeasy/cocktail bar space available behind a deli.
      105 W 55Th St, New York, NY 10019
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail property available for lease in New York, NY.
      218 W 57Th St, New York, NY 10019
      View Details
    • Contact for pricing
      450 SF

      Restaurant Space in Prime Location

      Second generation restaurant space in a highly visible, foot-trafficked area.
      712-714 9Th Ave, New York, NY 10019
      View Details
    • Contact for pricing
      1,500 SF

      Turnkey Restaurant Space in Hells Kitchen

      Restaurant space with infrastructure in Hells Kitchen near Broadway.
      325 West 51St St, New York, NY 10019
      View Details
    • $98 SF/Yr
      12,330 SF

      Tenth Avenue Retail Space Available

      Prime NYC Retail, High Traffic Location
      818 10Th Ave, New York, NY 10019
      View Details
    • Contact for pricing
      80,000 SF

      Retail Property in New York

      80,000 square foot retail property available for rent.
      787 11Th 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.
    14th 59Th 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

    Thank You for Inquiry
    14th 59Th St, New York, NY, 10019
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!