Property profile

10 39Th St New York, NY 10016

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Business Service Center
  • Film Production Television Studio
  • Construction Company General Contractor
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Law Firm

Location

10 39Th St New York, NY 10016
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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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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