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    OFF-MARKET
    Retail properties & Spaces

    14th 59Th St, New York, NY 10022

    2,244 SF
    Property ID
    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
    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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