Property profile

14th 59Th St New York, NY 10022

OFF-MARKET
Retail properties & Spaces
3,040 SF
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Property summary

AI-generated overview

This exceptional commercial property, located on 2nd Avenue in the 50s in New York County, offers a rare opportunity for restaurant or retail businesses. The space totals 3,040 square feet and is currently entirely vacant, presenting a blank canvas for a discerning tenant. The property is configured to allow for multiple tenancies, with a minimum divisible space of 1,520 square feet and a maximum contiguous space of 1,520 square feet. This means the space can be leased as a single large unit or divided to accommodate two separate businesses. A key advantage is the existing, fully vented kitchen infrastructure, ideal for a restaurant operation. The location benefits from a high concentration of existing restaurants and a dense residential population, ensuring a strong customer base and high foot traffic. This presents an excellent opportunity for a business seeking a well-equipped, high-visibility space in a thriving neighborhood. The property's two levels provide ample room for both front-of-house and back-of-house operations, maximizing efficiency and creating a versatile layout. The property is ready for immediate occupancy. Serious inquiries only.

Property profile

Verified
Property type Retail properties & Spaces
Total area 3,040 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

14th 59Th 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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