37 Union SqNew York, NY 10003

Property Details for 37 Union Sq

Year built

1910

Lot size

0.10 AC

Property size (Sq ft)

19,434 SF

Zone code

C6-4

Property type

Office buildings

APN

00844-0023

APU

8440023

Description

This exceptional 8,700-square-foot retail and restaurant space at 37 Union Square West presents a unique opportunity in the heart of Manhattan. Located directly on Union Square Park, this single-tenant property boasts unparalleled foot traffic and visibility in one of New York City's most vibrant and desirable neighborhoods. The stunning space features soaring ceilings, polished concrete floors, and high-end custom lighting, creating a dramatic and architecturally impressive environment ideal for a variety of uses, including pop-up shops, restaurants, or event venues. The property's design and layout are exceptionally well-suited for immediate occupancy. Adding significant value is a substantial 4,500-square-foot basement, complete with a prep/staging area and separate men's and women's restrooms, offering ample additional space for storage, operations, or expansion. The entire 8,700 square feet is currently vacant and ready for immediate use. This property is situated in New York County, New York, with a zip code of 10003. The address is 37 Union Square West, New York, NY. This is a truly remarkable opportunity to establish a presence in one of Manhattan's most iconic locations. The high volume of pedestrian traffic ensures maximum exposure for any business. Don't miss this chance to secure this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $3,213,021

  6.5%

  $2,965,865

  7%

  $2,754,018

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,539,246

  Geo Method

  $2,539,246

• Alternative Use

  Use

  Valuation

  Residential

  $3,677,673

  Hospitality

  $3,368,728

  Educational

  $2,802,743

  Medical

  $2,899,133

  Retail

  $4,359,822

Location Insight

City

New York

County

New York

State

New York

Latitude

40.737

Longitude

-73.9909

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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