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    OFF-MARKET
    Retail properties & Spaces

    2 Herald Sq, New York, NY 10001

    51,472 SF
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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