534 42Nd St, New York, NY 10036
This 183-square-foot vacant retail condo at 534 W 42nd Street in New York, NY 10036, presents a unique investment opportunity. Located in a vibrant area with high foot traffic, this property boasts excellent visibility on 42nd Street, just one block from the Hudson River, Pier 84, and Circle Line tourist destinations. Its proximity to the Intrepid Museum, numerous luxury residential apartments, and Beacon High School ensures a consistent flow of potential customers. The space is ideal for various retail uses, including convenience stores, tobacco shops, ATMs, or phone stores. The property is a single-tenancy unit with a modified lease type. The asking price is $550,000. Annual property taxes are $5,642, and monthly common charges are $769.02. This compact retail space offers significant potential for growth and return on investment in a prime Manhattan location. The property is currently vacant, allowing for immediate occupancy and customization to suit a buyer's specific needs.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.