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Property profile & analytics
FOR LEASE
Investment properties

2198 3Rd Ave New York, NY 10035

5,400 SF 0.06 ac lot Built 1930
Entity Owned 21-yr Hold Free & Clear
Property ID
US63-2988503
2198 3Rd Ave, New York, NY 10035 For Lease
$1,275,000
2198 3Rd Ave, New York, NY 10035
View Listing →
Property summary
AI-generated overview

This exceptional 2,650-square-foot retail space is ideally situated at 2198 3rd Avenue in the vibrant heart of New York City, NY 10035. The property boasts a single-tenant occupancy, offering a blank canvas for a discerning business owner. The building is a two-story structure, with the entire 2,650 square feet currently available for lease. This presents a unique opportunity to establish a flagship location in a high-traffic area of Manhattan. The property's location provides excellent visibility and accessibility, making it an attractive proposition for a wide range of retail businesses. The address, 2198 3rd Avenue, is easily identifiable and memorable, contributing to strong brand recognition potential. The space is entirely vacant, allowing for complete customization to suit the tenant's specific needs and vision. This turnkey opportunity allows for immediate occupancy and the creation of a bespoke retail environment. The property's commercial zoning ensures flexibility for a variety of retail uses, subject to city approvals. Interested parties are encouraged to explore the possibilities this prime Manhattan location offers. The property is ready for immediate occupancy, providing a significant advantage in a competitive market. This is a rare opportunity to secure a substantial retail space in a highly desirable New York City location.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1930
Total area 5,400 SF
Lot 0.06 ac (2,706 SF)
Zoning code C4-6
APN 01768-0040
UPID US63-2988503
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
Current use
Occupant on record · Public records
  • Fabco Shoes Clothing & Fashion Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.28M
Owner & transaction history
2198 Third Ave LLC · 21 yrs held
2198 Third Ave LLC
since 2004
3 recorded transactions
2020
Price N/A
2004
Price N/A
1969
Price N/A
Zoning & alternative use
C4-6 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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