Property profile

14th 59Th St New York, NY 10017

OFF-MARKET
Retail properties & Spaces
1,400 SF
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Property summary

AI-generated overview

This exceptional 1,400 square foot retail space, located on the second floor of a building on Lexington Avenue in the mid-40s of Manhattan, presents a unique investment opportunity in a vibrant New York City neighborhood. Previously occupied by a spa salon, the space boasts a significant advantage: existing plumbing infrastructure designed for water access to individual styling stations. This feature is ideal for a variety of businesses, including salons, spas, or other service-oriented enterprises requiring water hookups. The entire 1,400 square feet is currently vacant and ready for immediate occupancy, allowing for complete customization to suit a new tenant's specific needs and vision. The single-tenant occupancy ensures exclusive use of the space, providing a streamlined and efficient business environment. The property's location on Lexington Avenue in midtown Manhattan offers unparalleled visibility and accessibility, placing it within easy reach of a large and diverse customer base. This prime location provides excellent foot traffic and convenient access to public transportation, making it an attractive proposition for businesses seeking a high-profile presence in a bustling commercial district. The space's previous use as a spa salon provides a solid foundation for a similar business or a creative adaptation for a complementary enterprise. This is a rare opportunity to acquire a well-situated, fully vacant retail space in a highly desirable area of New York County. The existing water infrastructure significantly reduces the cost and complexity of tenant improvements, making this a particularly attractive investment.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1,400 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 10017
New York metro
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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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