238 58Th StNew York, NY 10022

Property Details for 238 58Th St

Year built

1904

Lot size

0.07 AC

Property size (Sq ft)

15,532 SF

Zone code

R8B

Property type

Retail residential properties

APN

01331-0031

APU

13310031

Description

This exceptional 1,250 square foot ground floor retail space is ideally situated at 238 E 58th St in New York City's vibrant Sutton Place submarket, within the Midtown East cluster. Located in New York County (zip code 10022), this property boasts a prime location with heavy foot traffic, ensuring high visibility and accessibility for your business. The space is bathed in abundant natural light, creating an inviting atmosphere for customers. The building itself comprises 20,146 square feet and is currently configured for multiple tenancies. This retail space is perfect for a variety of uses, from a retail store or shop to a flexible retail space catering to diverse business needs. Its convenient location offers easy access to multiple subway lines (E, M, N, R, and W trains) and numerous bus routes, ensuring excellent public transportation connectivity for both employees and customers. The surrounding area is bustling with restaurants, bars, and various activities, creating a lively and attractive environment for your business to thrive. This is a rare opportunity to secure a high-impact retail space in one of Manhattan's most desirable locations.

• CAP approach

  CAP return

  Valuation

  6%

  $3,184,200

  6.5%

  $2,939,262

  7%

  $2,729,314

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,145,587

  Geo Method

  $3,145,587

• Alternative Use

  Use

  Valuation

  Residential

  $2,939,262

  Hospitality

  $2,692,348

  Educational

  $2,240,002

  Medical

  $2,317,039

  Retail

  $3,484,448

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7601

Longitude

-73.9656

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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