587 10Th Ave, New York, NY 10036

This exceptional retail property, located at 587 Tenth Avenue in New York, NY 10036, presents a unique investment opportunity. The single-story, 6,500 square foot building, constructed in 1988, features six retail units currently under a modified lease agreement with multiple tenants. The property sits on a 5,200 square foot lot (100' x 52') and is zoned C6-4. The building is a retail condominium with a ground lease in place. The property boasts a long-term ownership history and is currently fully leased. The 2023 assessed value is $1,278,000, with property taxes totaling $138,000 for the same year. This prime location, near the intersection of West 42nd and 43rd Streets (Block/Lot 1071/1002), offers significant potential for future growth and income. The property's strong tenancy and established lease structure provide a stable investment with considerable upside. This is a rare opportunity to acquire a well-maintained, fully leased retail property in a highly desirable New York City location.