Property profile

14th 59Th St New York, NY 10022

OFF-MARKET
Retail properties & Spaces
2,244 SF
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Property summary

AI-generated overview

This exceptional retail opportunity presents two contiguous or divisible spaces totaling 2,244 square feet, ideally suited for restaurants. Located on 1st Avenue in the 50s of Manhattan, within New York County, this property benefits from a high-traffic location in a densely populated area. Each space offers excellent ventilation, a crucial feature for food service establishments. The minimum divisible space is 950 square feet, while the maximum contiguous space available is 1,294 square feet, providing flexibility for various restaurant concepts. The entire 2,244 square foot building is currently vacant, presenting a unique chance to establish a thriving business in a prime Manhattan location. The property's multiple tenancy allows for the possibility of dividing the space to accommodate different businesses or expanding a single operation. This is a rare chance to secure a well-ventilated, high-visibility restaurant space in a vibrant and densely populated area of Manhattan. The property's location ensures high foot traffic and visibility, making it an attractive proposition for any restaurant operator seeking a strong foothold in the New York City market. This turnkey opportunity is ready for immediate occupancy.

Property profile

Verified
Property type Retail properties & Spaces
Total area 2,244 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 10022
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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