For Sale
$10,000,000

627 43Rd StNew York, NY 10036

High-Yield Retail Investment in NYC

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional retail condominium, located at 627 West 43rd Street (entrance on West 43rd Street), presents a unique investment opportunity in the heart of Manhattan. Positioned at the base of the prestigious Atelier Condominium, this property offers unparalleled visibility and access to a high-traffic area. The 1-unit garage boasts 100 legal car parking spots and 10 bike spots, generating a substantial net operating income (NOI) of $400,231.48, resulting in a compelling 4.00% capitalization rate. The asking price for this prime commercial property is $10,000,000. This rare offering provides a stable cash flow and significant potential for capital appreciation, making it an ideal investment for discerning buyers seeking a high-return asset in one of Manhattan's most coveted locations. The property is situated in New York County, New York, with a zip code of 10036. This is a turnkey operation with established income streams, ready for immediate ownership and potential for future growth. The property's strategic location and strong financial performance make it a highly desirable asset in the competitive New York City real estate market. This is a chance to acquire a well-established, income-producing property with significant upside potential.

Highlights

  • 100 parking spaces.
  • 10 bike racks.
  • One unit available.

Property Details for 627 43Rd St

Property type
Retail properties
Units
1

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7621306
Longitude
-73.9989284
627 43Rd St, New York, New York

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627 43Rd St
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