Property profile

150 23rd Stc New York, NY 10010

OFF-MARKET
Retail space
Property ID
US63-5071428
5,439 SF 0.17 ac lot Built 2017
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 5,945 square foot retail space is ideally situated at 150 East 23rd Street in the vibrant Gramercy neighborhood of Manhattan, New York, NY 10010. Located at the base of a new luxury condominium building, this single-tenant property offers unparalleled visibility and accessibility. Boasting over 50 feet of frontage, the space commands significant attention from pedestrians and vehicular traffic alike. The interior features impressive 15+ foot ceilings throughout, providing a sense of grandeur and flexibility for a variety of retail uses. The property's strategic location places it in close proximity to Baruch College and directly across the street from a post office, ensuring high foot traffic and convenient access for customers and employees. Divisions of the space are accepted, offering potential for multiple tenants or customized layouts to suit specific business needs. This is a rare opportunity to secure a prominent retail presence in one of Manhattan's most desirable and dynamic neighborhoods. The property is easily accessible via various public transportation options, further enhancing its appeal and convenience. This location offers a unique blend of residential and commercial activity, creating a thriving environment for businesses.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2017
Total area 5,439 SF
Lot 0.17 ac (7,406 SF)
Zoning code C28A
APN 00878-1201
UPID US63-5071428

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
  • (Bike/Boat/Book/etc) Store Rental Equipment Company
  • (Bike/Boat/Book/etc) Store Florist
  • Condominium Complex

Location

150 23rd Stc New York, NY 10010-4564
New York metro Census 6800 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.59M
Blend (final) Blend
$4.25M

Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

Zoning & alternative use

C28A · New York, NY

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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