22 49Th StNew York, NY 10017

Property Details for 22 49Th St

Year built

1930

Lot size

0.06 AC

Property size (Sq ft)

16,224 SF

Zone code

C5-3

Property type

Retail properties

Property subtype

Banks

APN

01284-0059

APU

12840059

Description

This exceptional 2,750-square-foot retail space is ideally situated at 22 East 49th Street in the heart of Midtown Manhattan, New York, NY 10017. The property boasts a single-tenant occupancy, offering a unique opportunity for a business seeking a prominent location in a high-traffic area. The entire space is currently vacant, providing immediate occupancy for a new tenant. The building is equipped with elevators, ensuring convenient access for both customers and staff. Located in New York County, this property benefits from excellent visibility and accessibility, making it an attractive proposition for a wide range of retail businesses. The address, 22 E 49th St, places it within easy reach of major transportation hubs, ensuring high foot traffic and convenient access for customers. The property's classification as commercial retail, coupled with its size and location, presents a compelling investment opportunity for businesses seeking a strategic foothold in one of the world's most dynamic commercial districts. The 2,750 square feet offer ample space for a variety of retail concepts, from boutiques and showrooms to cafes and specialty stores. This is a rare chance to secure a prime retail space in a highly sought-after location. The building's features and the property's location combine to create a truly exceptional opportunity for a discerning business. The property is available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $3,942,998

  6.5%

  $3,639,691

  7%

  $3,379,713

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,341,966

  Geo Method

  $5,341,966

• Alternative Use

  Use

  Valuation

  Residential

  $3,070,215

  Hospitality

  $2,812,301

  Educational

  $2,339,801

  Medical

  $2,420,270

  Retail

  $3,639,691

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7572

Longitude

-73.9766

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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