Property profile

17 34Th St New York, NY 10001

OFF-MARKET
Lifestyle centers
40,000 SF
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Property summary

AI-generated overview

This exceptional retail opportunity presents 40,000 square feet of prime space at 17 West 34th Street in Manhattan's vibrant Herald Square. Currently available for the first time in 22 years, this single-story building offers three suites, with a minimum divisible space of 11,000 square feet and a maximum contiguous space of 16,000 square feet. The property boasts excellent condition, having served as a successful apparel store for many years. Key features include exclusive passenger elevators within the space, direct loading access on West 35th Street, and a strategic location directly across from the Empire State Building and adjacent to Amazon's retail and office presence. The high ceilings, column placement, and generous frontage allow for flexible and logical store layouts. Herald Square's unparalleled shopping district benefits from high foot traffic, driven by shoppers, office workers, and tourists, further enhanced by the presence of major retailers such as Macy's, Ulta, Footlocker, Target, Sephora, and Amazon Books. The area's robust public transportation, ranked among NYC's top subway stops, ensures easy accessibility. Future development, including a new Starbucks and the transformation of Penn Station, promises continued growth and increased foot traffic. The possibility of adding a third floor of 16,000 square feet presents an exciting expansion opportunity. This is a rare chance to secure a prominent retail presence in one of Manhattan's most dynamic and sought-after locations.

Property profile

Verified
Property type Lifestyle centers
Total area 40,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Corporate Office
  • Clothing Store Jeans Shop

Location

17 34Th St New York, NY 10001
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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