627 43Rd St New York, NY 10036
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 627 43Rd St
- Property type
- Retail properties
Description
This exceptional retail condominium, located at 627 West 43rd Street (entrance on West 43rd Street), presents a unique investment opportunity in the heart of Manhattan. Positioned at the base of the prestigious Atelier Condominium, this property offers unparalleled visibility and access to a high-traffic area. The 1-unit garage boasts 100 legal car parking spots and 10 bike spots, generating a substantial net operating income (NOI) of $400,231.48, resulting in a compelling 4.00% capitalization rate. The asking price for this prime commercial property is $10,000,000. This rare offering provides a stable cash flow and significant potential for capital appreciation, making it an ideal investment for discerning buyers seeking a high-return asset in one of Manhattan's most coveted locations. The property is situated in New York County, New York, with a zip code of 10036. This is a turnkey operation with established income streams, ready for immediate ownership and potential for future growth. The property's strategic location and strong financial performance make it a highly desirable asset in the competitive New York City real estate market. This is a chance to acquire a well-established, income-producing property with significant upside potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9989
- Latitude
- 40.7621