125 23Rd StNew York, NY 10010

Property Details for 125 23Rd St

Year built

1910

Lot size

0.06 AC

Property size (Sq ft)

15,470 SF

Zone code

C64A

Property type

Office buildings

APN

00879-0014

APU

8790014

Description

This exceptional 2,500 square foot storefront retail space is ideally located at 125 E 23rd St in New York, NY 10010. Situated on the second floor, this versatile property boasts convenient access via both elevator and stairway, catering to diverse business needs. Previously used as a salon, the space offers significant potential for various retail ventures, including gyms and yoga studios. Its prime location benefits from a dense residential and office population, ensuring high foot traffic and visibility. The property enjoys an enviable position just one block from Madison Square Park and within close proximity to major mass transit hubs, providing unparalleled accessibility. The surrounding area is vibrant and bustling, with a strong mix of established businesses including Chipotle, Kung Fu Tea, Wendy's, NY Sports Club, Starbucks, Juice Generation, Baked by Melissa, Blank Street Coffee, 7-Eleven, About:Time Coffee, Just Salad, Equinox, and Dos Toros. Additional signage opportunities are available using the building's flag, further enhancing marketing potential. This is a truly remarkable opportunity to establish a thriving business in a highly sought-after New York City location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,557,653

  6.5%

  $2,360,910

  7%

  $2,192,274

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,021,310

  Geo Method

  $2,021,310

• Alternative Use

  Use

  Valuation

  Residential

  $2,927,529

  Hospitality

  $2,681,601

  Educational

  $2,231,060

  Medical

  $2,307,790

  Retail

  $3,470,538

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7399

Longitude

-73.9851

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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