Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    135 44Th St New York, NY 10036

    • Retail properties
    • 2,500 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 135 44Th St

    Property size
    2,500 SF
    Property type
    Retail properties

    Description

    This exceptional 2,500 square foot retail space is ideally situated in the vibrant heart of Times Square, New York County. Currently vacant and available for lease, this single-tenant property offers unparalleled visibility and accessibility. The space boasts a remarkable 20-foot ceiling height, providing a dramatic and impressive atmosphere for any business. Currently in raw condition, this allows for complete customization to perfectly suit your specific needs and vision. The location is exceptionally convenient, with proximity to nearly every major subway line, ensuring high foot traffic and easy access for customers and employees. Its prime location, just steps from the bustling energy of Times Square, guarantees maximum exposure to a diverse and substantial customer base. This presents a unique opportunity for businesses seeking a high-impact location with significant potential for growth and success. All uses are considered, making this space adaptable to a wide range of retail concepts. The property is perfect for dry use businesses. Don't miss this chance to establish your presence in one of the world's most iconic and high-traffic locations. Inquire today to learn more about leasing this exceptional Times Square retail opportunity.

    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
    -73.9845
    Latitude
    40.7569

    Comparable in this City

    • Value Estimation by Request
      2,500 SF

      417 44Th St

      Individual retail properties • 2,500 SF
      417 44Th St, New York, NY 10036
      View Details
    • Value Estimation by Request

      366 46Th St

      Restaurants
      366 46Th St, New York, NY 10036
      View Details
    • Value Estimation by Request
      4,356 SF

      350 44Th St

      Individual retail properties • 4,356 SF
      350 44Th St, New York, NY 10036
      View Details
    • Value Estimation by Request
      3,600 SF

      10W 46Th St

      Retail properties • 3,600 SF
      10W 46Th St, New York, NY 10036
      View Details
    • Value Estimation by Request
      800 SF

      358 47Th St

      Restaurants • 800 SF
      358 47Th St, New York, NY 10036
      View Details
    • Value Estimation by Request
      8,491 SF

      130 46Th St

      Restaurants • 8,491 SF
      130 46Th St, New York, NY 10036
      View Details

    Similar Nearby for Sale

    • $4,800,000
      7,220 SF

      Prime West 44th Street Retail

      7,220 SF Retail Space, 3 Units
      341 44Th St, New York, NY 10036
      View Details
    • Contact for pricing
      2,000 SF

      Prime NYC Restaurant Space

      Established Restaurant, Turnkey Operation, Immediate Possession.
      340 46 St Between 8 & 9 Ave, New York, NY 10036
      View Details
    • $280,000

      Turnkey Restaurant Space For Sale

      Ready-to-go restaurant in a vibrant commercial setting.
      48Th St, New York, NY 10036
      View Details
    • $280,000
      2,200 SF

      Turnkey Restaurant Space in Manhattan

      Ready-to-go restaurant in a vibrant commercial setting.
      48th St, Manhattan, NY 10036
      View Details
    • $9,980,000
      8,613 SF

      Prime Retail Building in New York

      Retail building in coveted location with income potential and appreciation.
      781 8Th Ave, New York, NY 10036
      View Details
    • $15,000,000
      15,050 SF

      Prime Retail Condo on 42nd

      Spacious retail condo with long-term tenant in prime location.
      635 W 42Nd St, New York, NY 10036
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,800 SF

      Prime NYC Retail Space Available

      West 44th Street Retail Opportunity
      417 44Th St, New York, NY 10036
      View Details
    • Contact for pricing
      1,938 SF

      Midtown West Retail Space For Lease

      Prime NYC Retail, 1938 sq ft, High Traffic
      566 10Th Ave, New York, NY 10036
      View Details
    • $90 SF/Yr
      1,000 SF

      Hell's Kitchen Retail Space For Lease

      Prime 1,000 SF Retail Space in NYC
      442 45Th St, New York, NY 10036
      View Details
    • Contact for pricing

      Retail Space in Times Square

      Retail property available for lease in Times Square, New York.
      701 7Th Ave, New York, NY 10036
      View Details
    • $158 SF/Yr
      500 SF

      HELL'S KITCHEN Retail Space

      Prime NYC Retail, 500 sq ft, Immediate Occupancy
      451 46Th St, New York, NY 10036
      View Details
    • Contact for pricing
      306 SF

      Prime West 48th Street Office

      NYC Executive Office Suite - 306 sq ft
      453 48Th St, New York, NY 10036
      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.
    135 44Th St
    New York, NY 10036
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.