14th 59Th St, New York, NY 10017
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.