Property profile

2 Herald Sq New York, NY 10001

OFF-MARKET
Retail properties & Spaces
51,472 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 51,472 SF

Cap rate & NOI

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

Location

2 Herald Sq New York, NY 10001
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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