FOR SALE: Prime Retail Opportunity Fully Leased to TGI Friday’s through 2037
FOR SALE
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$15,500,000
211 West 34th Street, New York, NY 10001
6,204 SF
Square Feet
$2,498
PPSF
5.82%
CAP
Property Description
NOI
$902,171
Cap Rate
5.82%
211 West 34th Street is a midblock commercial property located between Seventh and Eighth Avenues in the bustling heart of Manhattan. The three-story building sits on a lot measuring 24 feet by 99 feet, with a total gross floor area of 6,204 square feet. Zoned C6-4M, it is ideal for high-density commercial use, situated in a prime retail corridor. The building falls under tax class 4, with a tentative assessed value of $2,576,000 for the 2024/2025 period, reflecting annual property taxes of approximately $272,850. Its strategic location makes it a valuable asset in one of New York City's busiest commercial areas.
Property Details
Asset Type
Retail
Year Built
1920
Zoning
C6-4M
Lot Size
2,370 SF
Neighborhood
Penn District
Submarket
New York
ZIP
10001
Renovated
2014
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$1,431,295
Debt Service Coverage Ratio (DSCR)
1.62x
Cap Rate
9.23%
Cash Flow (Annual)
$549,560
Cash-on-Cash Return
14.18%
Monthly Debt Service
$73,478
Annual Debt Service
$881,735
View on Map
Address
211 West 34th Street
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New York Retail Market Snapshot
Boundary boundary · Retail · Sale
No investors found in this market.