Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    10 39Th St New York, NY 10016

    • Retail properties
    For Lease
    View listing
    $85 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Law Office of Khari Peter Prescod, Esq., PLLC. / Business Development Service / Family Law Attorney
    • Digital Media Services, Inc. / Video Production Service
    • NGL Contracting / General Contractor
    • Responsive Ad / Website Designer
    • Manhattan Traveling Notary / Notary Public

    Property Details for 10 39Th St

    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This exceptional retail space, located on East 38th Street in the heart of Midtown Manhattan, presents a truly remarkable opportunity for a discerning tenant. Boasting a generous 2,986 square feet, this single-tenant property offers a versatile ground floor layout complemented by a mezzanine level, providing ample space for a variety of uses. The property is ideally suited for a restaurant or food-related business, with existing infrastructure already in place. Specifically, the space is equipped for ventilation and has a gas connection, significantly reducing the initial setup costs and time required for a new business. Its prime Midtown East location ensures high foot traffic and excellent visibility, making it an ideal spot to establish or expand a successful enterprise. The building's strategic location offers easy access to major transportation hubs, ensuring convenient access for both employees and customers. This is a rare chance to secure a well-appointed, fully functional space in one of Manhattan's most desirable commercial districts. The property's size and features make it an attractive option for a variety of food-service concepts, from casual dining to upscale restaurants. Don't miss this chance to secure a prime location in a thriving commercial area. This property is available for immediate occupancy. Inquire today to learn more about this exceptional opportunity.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9816
    Latitude
    40.7511

    Comparable in this City

    • Value Estimation by Request
      2,200 SF

      in 50s 7Th Ave

      Restaurants • 2,200 SF
      in 50s 7Th Ave, New York, NY 10016
      View Details
    • Value Estimation by Request

      9 40Th St

      Restaurants
      9 40Th St, New York, NY 10016
      View Details
    • Value Estimation by Request
      1,600 SF

      110 Madison Ave

      Restaurants • 1,600 SF
      110 Madison Ave, New York, NY 10016
      View Details
    • Value Estimation by Request
      1,000 SF

      Award Winning Rapidly Expanding National Quick-Serve Franchisor Seeks Sale

      Restaurants • 1,000 SF
      0 Award Winning Rapidly Expanding National Quick-Serve Franchisor Seeks Sale, New York, NY 10016
      View Details
    • Value Estimation by Request

      3Rd Ave

      Retail properties
      0 3Rd Ave, New York, NY 10016
      View Details
    • Value Estimation by Request

      215 Madison Ave

      Medical offices
      215 Madison Ave, New York, NY 10016
      View Details

    Similar Nearby for Sale

    • $7,250,000
      1,000 SF

      National QSR Franchise for Sale

      High-Growth QSR Franchise Opportunity
      0 Award Winning Rapidly Expanding National Quick-Serve Franchisor Seeks Sale, New York, NY 10016
      View Details
    • $10,000,000
      17,500 SF

      Chelsea Mixed-Use Building for Sale

      Seven-story mixed-use building in Chelsea with retail and office space.
      242 W 27Th St, New York, NY 10016
      View Details
    • $6,500,000
      7,680 SF

      Retail Property in Prime Location

      Retail property available for sale in New York, NY.
      39 E 31St St, New York, NY 10016
      View Details
    • $2,850,000
      1,272 SF

      Retail Condominium Unit in Nomad

      Retail condominium unit with 1,272 SF in Nomad, New York.
      127 Madison Ave, New York, NY 10016
      View Details
    • $10,500,000
      10,281 SF

      Vacant Midtown Commercial Building

      Two-story commercial building in Midtown Manhattan with development potential.
      28-30 W 37Th St, New York, NY 10016
      View Details
    • $4,000,000
      6,850 SF

      Manhattan Retail Condo Near Broadway

      3,850 SF retail condo with 3,000 SF storage.
      31 W 31St St, New York, NY 10016
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,847 SF

      Midtown Retail or Restaurant Space

      Former restaurant space available for retail or restaurant use.
      130-132 Madison Ave, New York, NY 10016
      View Details
    • $85 SF/Yr
      2,986 SF

      Prime Midtown Retail Space

      Restaurant-Ready, 2986 sq ft, Midtown East
      10 39Th St, New York, NY 10016
      View Details
    • Contact for pricing
      4,034 SF

      Restaurant Space Near Fifth Avenue

      Restaurant space with existing infrastructure near Fifth Avenue Hotel.
      255 5Th Ave, New York, NY 10016
      View Details
    • $157 SF/Yr
      1,300 SF

      Midtown East Retail Space For Lease

      Prime Manhattan location, 1,300 sq ft retail space.
      110 Lexington Ave, New York, NY 10016
      View Details
    • $178,800
      1,900 SF

      Prime NYC Restaurant Space Available

      Fully built-out, 1900 sq ft, no key money
      138 34Th St, New York, NY 10016
      View Details
    • $70 SF/Yr
      2,986 SF

      Midtown Creative Office Space

      Prime Midtown location, 2,986 sq ft.
      7 38Th St, New York, NY 10016
      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.
    10 39Th St
    New York, NY 10016
    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.