Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    14th 59Th St New York, NY 10017
    Back to Search
    Property profile & analytics

    14th 59Th St New York, NY 10017

    View on Map
    • Retail properties & Spaces
    • 2,800 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 14th 59Th St

    Property size
    2,800 SF
    Property type
    Retail properties & Spaces

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9698
    Latitude
    40.752

    Comparable in this City

    • Value Estimation by Request
      7,000 SF

      447 Lexington Ave

      Restaurants • 7,000 SF
      447 Lexington Ave, New York, NY 10017
      View Details
    • Value Estimation by Request
      4,722 SF

      220 42Nd Ave

      Retail properties & Spaces • 4,722 SF
      220 42Nd Ave, New York, NY 10017
      View Details
    • Value Estimation by Request
      1,570 SF

      14th 59Th St

      Retail properties & Spaces • 1,570 SF
      14th 59Th St, New York, NY 10017
      View Details
    • Value Estimation by Request
      1,107 SF

      370 Lexington Ave

      Restaurants • 1,107 SF
      370 Lexington Ave, New York, NY 10017
      View Details
    • Value Estimation by Request
      1,400 SF

      14th 59Th St

      Retail properties & Spaces • 1,400 SF
      14th 59Th St, New York, NY 10017
      View Details
    • Value Estimation by Request
      12,662 SF

      14th 59Th St

      Retail properties & Spaces • 12,662 SF
      14th 59Th St, New York, NY 10017
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,808 SF

      Turtle Bay Commercial Building For Sale

      Four-story commercial building in Turtle Bay neighborhood.
      249 E 49Th St, New York, NY 10017
      View Details
    • Contact for pricing
      859 SF

      Prime Retail Space on 44th

      4,438 SF retail space in luxury condominium base.
      350 W 44Th St, New York, NY 10017
      View Details
    • Contact for pricing

      41 E 41st St, New York, NY 10017

      Mixed-use properties
      41 E 41St St, New York, NY 10017
      View Details
    • Contact for pricing
      14,025 SF

      Vacant Office Building on 5th

      Vacant building suitable for headquarters or residential conversion.
      5 E 47Th St, New York, NY 10017
      View Details
    • $5,950,000

      Office Building with Outdoor Terrace

      8,356 SF office building with terrace for sale.
      250 E 49Th St, New York, NY 10017
      View Details
    • $4,880,000
      Pending

      Midtown East Office Condominium

      Renovated office condo near Grand Central Station.
      866 2Nd Ave, Manhattan, NY 10017
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      500 SF

      Restaurant Space Near Times Square

      Restaurant space with high foot traffic and fully vented.
      344 W 46Th St, New York, NY 10017
      View Details
    • Contact for pricing
      10,000 SF

      Midtown Manhattan Restaurant Space

      Prime Midtown eatery, 10,000 sq ft.
      525 Lexington Avenue New York, NY 10017, New York, NY 10017
      View Details
    • Contact for pricing
      932 SF

      Restaurant Space Near UN Building

      Vented restaurant space in high-traffic Midtown East location.
      817 2Nd Ave, New York, NY 10017
      View Details
    • Contact for pricing
      354 SF

      Restaurant Space Near Grand Central

      Vented restaurant space with outdoor seating near Grand Central.
      212 E 45Th St, New York, NY 10017
      View Details
    • Contact for pricing
      845 SF

      Restaurant Space Near UN Building

      Vented restaurant space in high-traffic Midtown East location.
      819 2Nd Ave, New York, NY 10017
      View Details
    • Contact for pricing
      500 SF

      Turn-Key Restaurant with Full Liquor

      Turn-key restaurant space with full liquor license and equipment.
      366 W 46Th St, New York, NY 10017
      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.
    14th 59Th St
    New York, NY 10017
    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    14th 59Th St, New York, NY, 10017
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!