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    Property profile & analytics
    OFF-MARKET Estimated value $945,000
    Residential income homes

    23 39th St, New York, NY 10016-0930

    39,964 SF 0.06 ac lot Built 2017
    Entity Owned 13-yr Hold Absentee Owner
    Property ID
    US63-5004584
    Property summary
    AI-generated overview

    This exceptional retail and restaurant opportunity is located at 23 W 39th St in New York City's vibrant Midtown submarket. The space totals 2,500 square feet on the ground floor, complemented by an additional 1,500 square feet in the basement. The property is classified as Class B and features attractive hardwood floors and impressive 12-foot ceilings. A significant asset is the existing 44-foot bar, already equipped with a 1 ½-inch gas line and proper ventilation. The space is well-suited for a variety of food and beverage concepts. Two ADA-compliant bathrooms are conveniently located in the lower level, along with a dedicated employee restroom. This prime location offers unparalleled visibility and accessibility, situated directly across the street from the new Amazon Headquarters and the recently constructed Grayson Hotel, ensuring high foot traffic and significant brand exposure. The multiple tenancy building offers a total of 11,530 square feet. This is a rare chance to establish a thriving business in one of Manhattan's most sought-after neighborhoods.

    Property profile
    Verified
    Property type Residential income homes
    Use group BOARDING/ROOMING HOUSE
    Year built 2017
    Total area 39,964 SF
    Lot 0.06 ac (2,469 SF)
    Zoning code C5-3
    APN 00869-0025
    UPID US63-5004584
    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
    • Rpi Professional Alternatives Employment Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $945k
    Owner & transaction history
    Slc2 Holdings LLC · 13 yrs held
    Slc2 Holdings LLC
    since 2013
    6 recorded transactions
    2017
    2013
    $12.3M
    2007
    $10.4M
    1969
    1969
    1969
    Zoning & alternative use
    C5-3 · New York, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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