328 59Th StNew York, NY 10022

Property Details for 328 59Th St

Year built

1910

Lot size

0.06 AC

Property size (Sq ft)

8,811 SF

Zone code

R8

Property type

Retail residential properties

APN

01351-0038

APU

13510038

Description

This exceptional 680-square-foot retail space is ideally situated at 328 East 59th Street in New York City, New York County, zip code 10022. The property is a single-tenant space, offering complete flexibility for a wide range of retail businesses. The entire 680 square feet is currently vacant and ready for immediate occupancy. This presents a unique opportunity for a business seeking a high-visibility location in a vibrant and densely populated area of Manhattan. The property's classification is commercial retail, making it suitable for a variety of uses, subject to any necessary permits and approvals. Its location on East 59th Street provides excellent street-level exposure to high pedestrian and vehicular traffic. The property is easily accessible via various public transportation options, further enhancing its appeal to both businesses and customers. This is a rare opportunity to secure a prime retail space in a highly desirable Manhattan location. The address is precisely 328 East 59th Street, New York, NY 10022, with coordinates 40.7599813 latitude and -73.9631296 longitude. Serious inquiries are encouraged to explore this exceptional leasing opportunity. The property is available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $1,806,335

  6.5%

  $1,667,386

  7%

  $1,548,287

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,784,430

  Geo Method

  $1,784,430

• Alternative Use

  Use

  Valuation

  Residential

  $1,667,386

  Hospitality

  $1,527,316

  Educational

  $1,270,709

  Medical

  $1,314,411

  Retail

  $1,976,659

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7599

Longitude

-73.9632

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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