2 Herald Sq, New York, NY 10001
This exceptional retail opportunity is located at 2 Herald Square, situated on the highly coveted corner of 34th Street & 6th Avenue in New York County. The property boasts a total of 51,472 square feet, divided into four individual suites, offering unparalleled flexibility for various retail concepts. Spaces range from a minimum of 1,171 square feet to a maximum contiguous space of 26,992 square feet, catering to businesses of all sizes. Currently, the entire 51,472 square feet is available for lease. This prime location benefits from exceptional foot traffic, with an estimated 100 million pedestrians passing through the 34th Street & Broadway intersection annually. The area generates significant retail and entertainment spending, totaling approximately $3 billion annually. The surrounding area also boasts a substantial workforce of 436,000 employees and an estimated daytime population of 420,000. Furthermore, the property enjoys excellent public transportation access, with 23 million annual riders utilizing the Herald Square subway station (B, D, F, M, N, Q, R, W lines) and 32 million annual riders using Penn Station (1, 2, 3, A, C, E lines). This presents a unique chance to establish a thriving business within one of New York City's most dynamic and high-traffic retail corridors. Don't miss this unparalleled opportunity to secure a prominent retail presence in the heart of Herald Square.
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
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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.