230 58Th StNew York, NY 10022

Property Details for 230 58Th St

Year built

1901

Lot size

0.05 AC

Property size (Sq ft)

7,360 SF

Zone code

R8B

Property type

Investment properties

Property subtype

Live-work space

APN

01331-0034

APU

13310034

Description

This exceptional retail property at 230 E 58th Street in the Sutton Place submarket of New York County offers a unique opportunity for a discerning tenant. The space comprises a 2,000 square foot ground floor area, ideal for a restaurant or retail establishment, complemented by an additional 2,000 square feet of lower level space. The ground floor boasts abundant natural light and benefits from high foot traffic in this vibrant Midtown East location. The lower level provides valuable additional space, potentially for storage, preparation, or expansion. The property includes some existing kitchen equipment, specifically two refrigerators, and a single bathroom. Its convenient location offers excellent accessibility, with easy walking distance to multiple subway lines (N, R, W, E & M) and numerous bus routes. The surrounding area is bustling with restaurants, bars, and other attractions, ensuring high visibility and potential customer base. The total building size is 20,000 square feet, and the property is available for multiple tenants. This presents a rare chance to establish a thriving business in a highly desirable and well-connected Midtown East location. The property is classified as Retail, Restaurant, and Special Purpose, suitable for a variety of uses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,216,828

  6.5%

  $1,123,226

  7%

  $1,042,995

• Comparable approach

  Method

  Valuation

  Relative Method

  $961,658

  Geo Method

  $961,658

• Alternative Use

  Use

  Valuation

  Residential

  $1,392,800

  Hospitality

  $1,275,797

  Educational

  $1,061,448

  Medical

  $1,097,953

  Retail

  $1,651,142

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7602

Longitude

-73.9659

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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