13 38Th StNew York, NY 10018

Property Details for 13 38Th St

Year built

1930

Lot size

0.04 AC

Property size (Sq ft)

7,517 SF

Zone code

M1-6

Property type

Investment properties

Property subtype

Retail residential properties

APN

00840-0034

APU

8400034

Description

This exceptional 2,850-square-foot retail space, encompassing both the ground floor and full basement, is situated at 13 West 38th Street in a newly renovated boutique limestone building in New York, NY 10018. The property is ideally located adjacent to Amazon's New York headquarters, a testament to the area's thriving commercial environment. Previously occupied by Lord & Taylor, this space offers immediate possession and benefits from high foot traffic. The space includes a bathroom and is conveniently located near Bryant Park and Times Square, providing easy access to public transportation. The property's prime location is further enhanced by its proximity to numerous well-known businesses, including CVS, Staples, and various restaurants and cafes. A diverse range of hotels are also located nearby, contributing to the high volume of pedestrian traffic in the area. This versatile space is suitable for a variety of retail uses, including restaurants and clothing stores. The full basement adds significant storage and operational space. Don't miss this opportunity to establish your business in one of Manhattan's most dynamic and desirable locations.

• CAP approach

  CAP return

  Valuation

  6%

  $1,416,910

  6.5%

  $1,307,910

  7%

  $1,214,490

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,001,810

  Geo Method

  $1,001,810

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,559,680

  Retail / Commercial

  $1,312,590

  Hospitality / Lodging

  $959,575

  Office

  $1,300,140

  Institutional / Educational

  $1,359,700

  Residential Income

  $1,590,850

  Multifamily

  $1,907,980

  Automotive / Energy

  $1,165,460

  Parking / Income-Based Land

  $402,186

  Restaurant / Food Service

  $680,256

  Healthcare / Senior Housing

  $1,341,240

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7516

Longitude

-73.9836

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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