1516 Park Ave New York, NY 10029

This exceptional retail condominium, located at 1516 Park Avenue in New York, NY 10029, presents a unique investment opportunity. The property boasts a substantial 10,716 square feet of space, ideally suited for a grocery store or similar retail use. The building, constructed in 2023, is a three-level structure with nearly 6,000 square feet on the ground floor, offering excellent street-level visibility and accessibility. Currently vacant, this property is primed for immediate occupancy and lease-up. A significant advantage is the absence of common charges, coupled with low fixed taxes, contributing to a strong potential return on investment. The asking price is $6,900,000, translating to $643.90 per square foot. This block-front retail space is situated within a brand-new luxury rental building on Park Avenue, ensuring high foot traffic and a desirable location. The property's prime location and modern construction make it an attractive proposition for discerning investors seeking a high-value retail asset in a prestigious New York City neighborhood. All offers are encouraged.