225 57 St-New York, NY 10022

Property Details for 225 57 St-

Year built

1964

Property size (Sq ft)

7,500 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional 7,500-square-foot retail space, located at 225 E 57th St, Unit B, in New York, NY 10022, presents a unique investment opportunity. Previously occupied by Starbucks, this vacant property boasts a prominent location on 57th Street's Billionaires Row, offering unparalleled visibility and foot traffic. The space features a stunning 55-foot to 65-foot frontage with full-length windows overlooking this vibrant Midtown Manhattan boulevard. Inside, high ceilings, striking columns, exposed piping, recessed lighting, and white subway tile accent walls create a sophisticated industrial aesthetic. The layout includes a large open retail area, ideal for customization, and a separate office/cubicle area. The property is situated on a tree-lined street with high-end retail neighbors, including a Whole Foods Market, and enjoys excellent accessibility via nearby subway lines (N/Q/R and 4/5/6). The asking price is $26,250,000, representing a price per square foot of $3,500 and a 5.00% cap rate. The building, constructed in 1964, is a 20-story structure with a C1-9/R8B zoning permit. The lot size is 340,845 square feet. This NNN lease property is perfect for a variety of upscale retail concepts. The property is a single unit within a larger building.

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7601

Longitude

-73.9665

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