Property profile

14th 59Th St New York, NY 10017

OFF-MARKET
Retail properties & Spaces
12,662 SF
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Property summary

AI-generated overview

This exceptional retail opportunity presents three available spaces totaling 12,662 square feet in a former gym on Lexington Avenue, ideally situated near Grand Central Terminal. The property offers flexible space options, with a minimum divisible unit of 1,212 square feet and a maximum contiguous space of 8,450 square feet. Currently, the entire 12,662 square feet is vacant, providing a blank canvas for a diverse range of retail concepts. The building boasts convenient wheelchair accessibility, a testament to its thoughtful design. Previous tenants included a café, highlighting the suitability of the space for food and beverage establishments, or similar businesses requiring ample space and high visibility. The property also features beautifully appointed bathrooms, adding to its overall appeal and functionality. Its prime location near Grand Central Terminal ensures high foot traffic and excellent visibility, making it an ideal location for businesses seeking a prominent presence in a bustling, high-traffic area of Manhattan. The space is located in New York County and presents a unique opportunity for a single tenant to occupy the entire space or for multiple tenants to occupy smaller, divisible units. This versatile property is ready for immediate occupancy and offers significant potential for a variety of retail uses.

Property profile

Verified
Property type Retail properties & Spaces
Total area 12,662 SF

Cap rate & NOI

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

Location

14th 59Th St New York, NY 10017
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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