Property profile

14th 59Th St New York, NY 10017

OFF-MARKET
Retail properties & Spaces
2,800 SF
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Property summary

AI-generated overview

This exceptional 2,800 square foot retail space, located on Lexington Avenue in Midtown East (between East 14th and 59th Streets, zip code 10017), presents a unique investment opportunity. Previously a cafe, this property boasts high foot traffic, making it ideally suited for a variety of fast-casual concepts. The entire space is currently vacant, offering immediate occupancy for a new tenant. The building is classified as commercial retail with multiple tenancy potential. Situated in New York County, this property offers unparalleled access to a dense population and thriving commercial activity. The address falls within the vibrant Midtown East neighborhood, known for its high concentration of office workers, residents, and tourists. With its prominent location and substantial square footage, this property is poised for significant success. The space is divisible, with two 1,400 square foot units available. This presents flexibility for businesses seeking either a single large space or the option to subdivide. This is a rare opportunity to acquire a well-positioned retail space in one of Manhattan's most desirable locations. Don't miss out on this chance to establish your business in a high-traffic, high-visibility area.

Property profile

Verified
Property type Retail properties & Spaces
Total area 2,800 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
Google Maps

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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