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    Property profile & analytics
    OFF-MARKET Estimated value $11,455,000
    Retail space

    605 42nd Stcu-1, New York, NY 10036-2010

    9,947 SF 1.61 ac lot Built 2008
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US63-5110839
    Property summary
    AI-generated overview

    This exceptional 9,237-square-foot retail space is ideally situated at 605 West 42nd Street in New York City, New York County, zip code 10036. The property is a single-tenant storefront offering unparalleled visibility and accessibility. Located at the base of Sky, a 1,175-unit luxury residential building developed by the Moinian Group, this retail space benefits from a high volume of foot traffic and a densely populated residential catchment area. The entire 9,237 square feet is currently vacant and ready for immediate occupancy, providing a blank canvas for a wide range of retail concepts. The property's prime location in Manhattan offers excellent exposure to both residents and tourists, making it an ideal opportunity for businesses seeking a high-traffic location. The address is 605 W 42nd St, New York, NY 10036. This property presents a unique chance to establish a thriving retail presence in a vibrant and rapidly developing neighborhood. The building's association with a luxury residential complex ensures a consistent flow of potential customers. This is a rare opportunity to secure a substantial retail space in a highly desirable location within New York City. The property's size and location make it suitable for a variety of retail uses. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2008
    Total area 9,947 SF
    Lot 1.61 ac (70,306 SF)
    Zoning code C6-4
    APN 01090-1504
    UPID US63-5110839
    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
    • Life Time Gym & Fitness Center
    • Schwartz Business Advisors Business Management Consultant
    • City Parking Parking Lot & Garage
    • The Sawmill Club Business To Business Service
    • Speedy Sticks (605 W 42nd St) Medical Laboratory
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $11.46M
    Owner & transaction history
    605 West 42nd Owner LLC · 8 yrs held
    605 West 42nd Owner LLC
    since 2017
    1 recorded transaction
    2017
    Zoning & alternative use
    C6-4 · New York, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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