23 39th St, New York, NY 10016-0930
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.
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Rpi Professional Alternatives Employment Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C5-3 · New York, NYNew York. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.