211 59Th StNew York, NY 10022

Property Details for 211 59Th St

Year built

1910

Lot size

0.06 AC

Property size (Sq ft)

4,509 SF

Zone code

R8B

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

01414-0006

APU

14140006

Description

This exceptional retail space, located at 211 E 59th St in New York City's vibrant New York County (zip code 10022), offers a unique opportunity for a discerning tenant. The property boasts a total area of 3,550 square feet, thoughtfully divided into a ground floor of 2,550 square feet, a mezzanine level of 1,000 square feet, and a 750 square foot basement. The space is ideal for a gallery or showroom, featuring impressive 24-foot ceilings and a double-height facade that maximizes natural light. A skylight further enhances the bright and airy atmosphere. The building's prominent location places the property within close proximity to the D&D Building, a significant design center. This single-tenant space is available for lease at a monthly rent of $35,000. The property's impressive size, high ceilings, and excellent location make it an exceptional opportunity for a business seeking a prestigious and visually striking space in the heart of New York City. This is a rare chance to secure a truly remarkable retail space in a highly desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $924,386

  6.5%

  $853,279

  7%

  $792,331

• Comparable approach

  Method

  Valuation

  Relative Method

  $913,176

  Geo Method

  $913,176

• Alternative Use

  Use

  Valuation

  Residential

  $853,279

  Hospitality

  $781,599

  Educational

  $650,281

  Medical

  $672,645

  Retail

  $1,011,549

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7615

Longitude

-73.9658

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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