605 42Nd StNew York, NY 10036

Property Details for 605 42Nd St

Year built

2008

Lot size

1.61 AC

Property size (Sq ft)

9,947 SF

Zone code

C6-4

Property type

Retail space

APN

01090-1504

APU

10901504

Description

This exceptional 9,237-square-foot retail space is ideally situated at 605 West 42nd Street in New York City, New York County, zip code 10036. The property is a single-tenant storefront offering unparalleled visibility and accessibility. Located at the base of Sky, a 1,175-unit luxury residential building developed by the Moinian Group, this retail space benefits from a high volume of foot traffic and a densely populated residential catchment area. The entire 9,237 square feet is currently vacant and ready for immediate occupancy, providing a blank canvas for a wide range of retail concepts. The property's prime location in Manhattan offers excellent exposure to both residents and tourists, making it an ideal opportunity for businesses seeking a high-traffic location. The address is 605 W 42nd St, New York, NY 10036. This property presents a unique chance to establish a thriving retail presence in a vibrant and rapidly developing neighborhood. The building's association with a luxury residential complex ensures a consistent flow of potential customers. This is a rare opportunity to secure a substantial retail space in a highly desirable location within New York City. The property's size and location make it suitable for a variety of retail uses. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $2,417,468

  6.5%

  $2,231,509

  7%

  $2,072,116

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,275,181

  Geo Method

  $3,275,181

• Alternative Use

  Use

  Valuation

  Residential

  $1,882,362

  Hospitality

  $1,724,233

  Educational

  $1,434,542

  Medical

  $1,483,878

  Retail

  $2,231,509

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7615

Longitude

-73.9988

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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