41 35Th St New York, NY 10001
- Retail residential properties
- 5,803 SF
- 0.04 lot acres
Current Use by Public Records
- K&D Wellness / Spa
- Katherine Meets Toni / Restaurant / Cocktail Bar
- CV19 Essential & Rapid Testing / Health And Beauty Shop / Electronics Store
Property Details for 41 35Th St
- Year built
- 1920
- Lot size
- 0.04 lot acres
- Property size
- 5,803 SF
- Zone code
- M1-6
- Property type
- Retail residential properties
- APN
- 00837-0019
- APU
- 8370019
Description
This exceptional mixed-use property at 41 W 35th St in New York City presents a unique investment opportunity. The building, constructed in 1920 and extensively renovated in 2022, boasts a total of 5,803 square feet across four stories. The permitted zoning is M1-6, 8d, allowing for a variety of uses. The property includes a thriving turnkey restaurant and cocktail bar, complete with a commissary kitchen in the basement. Residential units are fully leased, providing a stable income stream. Significant potential exists with 12,723 square feet of available air rights. The 1,852 square foot lot is ideally situated in a vibrant Manhattan location, offering unparalleled proximity to iconic landmarks such as the Empire State Building, Herald Square, and Koreatown. Excellent public transportation access is provided by numerous subway lines including the N, Q, R, W, B, D, F, M, 1, 2, and 3. This turnkey operation offers immediate income and significant upside potential for a savvy investor. The combination of established commercial space and fully leased residential units makes this a truly compelling investment. The recent renovation ensures the property is in excellent condition, minimizing immediate capital expenditure needs. Don't miss this chance to acquire a prime piece of Manhattan real estate.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,025,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,095,000
- 6.5%
- $5,730,000
- 7%
- $5,030,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,985,000
- Geo Method
- $6,010,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,215,000
- Retail
- $5,070,000
- Mixed-Use
- $4,565,000
- Hospitality
- $5,925,000
- Educational
- $4,585,000
- Residential Income
- $5,655,000
- Energy
- $4,810,000
- Income-Based Land
- $5,830,000
- Food Service
- $5,770,000
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9858
- Latitude
- 40.7501
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
