Property profile

9 40Th St New York, NY 10016

OFF-MARKET
Retail properties & Spaces
7,000 SF
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Property summary

AI-generated overview

This 7,000 square foot medical office space, located at 9 East 40th St in New York, NY 10016, is currently available for lease. Situated in New York County, this single-suite property offers a versatile space suitable for various medical uses, as well as retail or office tenants. The space is newly renovated with a "white box" finish, including two private bathrooms and a pre-installed black iron vent system. The property benefits from a prime location near numerous businesses, including DoorDash, Gregory's Coffee, Chick-fil-A, CityMD, and Chase Bank, as well as the New York Public Library. Potential tenants may also explore opportunities for flagship signage. Management can accommodate freight elevator access. The space is immediately available, and lease terms are negotiable. The rental rate is available upon request. This exceptional location and adaptable space present a unique opportunity for a variety of businesses. The property is classified as Retail and Office, with a subtype of Medical Office and Medical.

Property profile

Verified
Property type Retail properties & Spaces
Total area 7,000 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
  • Department Store
  • Accounting Firm Tax Preparation
  • Law Firm
  • Physician

Location

9 40Th St New York, NY 10016
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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