For Sale
Request a price

587 10Th Ave New York, NY 10036

Prime NYC location, 6,500 SF, 6 units

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional retail property, located at 587 Tenth Avenue in New York, NY 10036, presents a unique investment opportunity. The single-story, 6,500 square foot building, constructed in 1988, features six retail units currently under a modified lease agreement with multiple tenants. The property sits on a 5,200 square foot lot (100' x 52') and is zoned C6-4. The building is a retail condominium with a ground lease in place. The property boasts a long-term ownership history and is currently fully leased. The 2023 assessed value is $1,278,000, with property taxes totaling $138,000 for the same year. This prime location, near the intersection of West 42nd and 43rd Streets (Block/Lot 1071/1002), offers significant potential for future growth and income. The property's strong tenancy and established lease structure provide a stable investment with considerable upside. This is a rare opportunity to acquire a well-maintained, fully leased retail property in a highly desirable New York City location.

Highlights

  • Exceptional 6,500 SF retail condo in prime NYC location (587 Tenth Avenue, 10036).
  • Single-story building on a 5,200 SF lot (100' x 52'), built in 1988.
  • Six retail units, fully leased under a modified lease agreement.
  • Zoned C6-4 with a ground lease in place.
  • 2023 assessed value: $1,278,000; 2023 property taxes: $138,000.

Property Details for 587 10Th Ave

Property type
Retail properties, Retail space
Square Feet
6,500 SF
Year Built
1988
Buildings
1
Stories
1
Units
6

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7599883
Longitude
-73.9955116

FAQs

What type of property is this?
Retail property - Prime NYC location, 6,500 SF, 6 units
Where is the retail property located?
The property is located at 587 10Th Ave New York, NY.
What are key features of this property?
This property features: Exceptional 6,500 SF retail condo in prime NYC location (587 Tenth Avenue, 10036).; Single-story building on a 5,200 SF lot (100' x 52'), built in 1988.; Six retail units, fully leased under a modified lease agreement.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
587 10Th Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message