1516 Park AveNew York, NY 10029

For Sale
$6,900,000

10,716 SF Grocery Store, Vacant, $6.9M

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional retail condominium, located at 1516 Park Avenue in New York, NY 10029, presents a unique investment opportunity. The property boasts a substantial 10,716 square feet of space, ideally suited for a grocery store or similar retail use. The building, constructed in 2023, is a three-level structure with nearly 6,000 square feet on the ground floor, offering excellent street-level visibility and accessibility. Currently vacant, this property is primed for immediate occupancy and lease-up. A significant advantage is the absence of common charges, coupled with low fixed taxes, contributing to a strong potential return on investment. The asking price is $6,900,000, translating to $643.90 per square foot. This block-front retail space is situated within a brand-new luxury rental building on Park Avenue, ensuring high foot traffic and a desirable location. The property's prime location and modern construction make it an attractive proposition for discerning investors seeking a high-value retail asset in a prestigious New York City neighborhood. All offers are encouraged.

Highlights

  • Park Avenue block-front retail condominium in a new luxury rental building.
  • Three-story, 10,716 square foot retail condo with approximately 6,000 square feet on the ground floor.
  • Currently vacant and available for lease; no common charges and low property taxes.
  • $6.9 million asking price; all offers will be considered.
  • Contact Josh at [email protected] for details.

Property Details for 1516 Park Ave

Property type
Other retail properties, Individual retail properties
Square Feet
10,716 SF
Year Built
2023
Buildings
1

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7961858
Longitude
-73.9459054
1516 Park Ave, New York, New York

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1516 Park Ave
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