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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

31 28Th St New York, NY 10016

3,800 SF
Property ID
Property summary
AI-generated overview

This exceptional 3,800-square-foot ground floor retail condominium is located in the heart of NoMad, within the luxurious Parkwood building. Boasting approximately 22 feet of frontage and impressive 14- to 16-foot high ceilings, this space offers significant visibility and a spacious layout. Currently delivered vacant and in white-box condition, it provides a blank canvas for customization, perfectly suited for a new user to design to their exact specifications. An additional 1,400 square feet of below-grade space adds to the overall functionality. The property is offered at $3,600,000, translating to $947.37 per square foot. This owner/user opportunity presents a unique chance to establish a presence in a vibrant and highly sought-after neighborhood. NoMad's appeal stems from its proximity to Madison Square Park (two blocks north), an abundance of upscale restaurants, bars, shops, and attractions, drawing both tourists and residents. The area also offers convenient access to essential amenities, including Whole Foods, Barry's Bootcamp, CycleBar, and SLT Nomad. Excellent public transportation is readily available, with the 6 train just a short distance away at 28th Street and Park Avenue South, and the R and W trains conveniently located three blocks west at 28th Street and Broadway. All uses will be considered. Immediate occupancy is available.

Property profile
Verified
Property type Retail properties & Spaces
Total area 3,800 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Single Parent Resource Center, Inc. - Food Distribution Center Food Bank Charitable Organization
  • Tamara Magel - New York Interior Design Home Decor Store
  • One to One services LLC Wedding Service Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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