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    OFF-MARKET
    Retail properties & Spaces

    534 42Nd St, New York, NY 10036

    183 SF
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 183 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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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