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FOR SALE: Prime Retail Opportunity Fully Leased to TGI Friday’s through 2037

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

Download

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.

Contact the Listing Team

Zachary Redding

Zachary Redding

Managing Director

34 closed

Dylan Kane

Dylan Kane

Managing Director

61 closed

Sarah Short

Sarah Short

New York Capital Markets

5 closed

Matt Mastrocola

Matt Mastrocola

Vice President

3 closed

Send a Message

Zachary Redding

Zachary Redding

Managing Director

34 closed

Dylan Kane

Dylan Kane

Managing Director

61 closed

Sarah Short

Sarah Short

New York Capital Markets

5 closed

Matt Mastrocola

Matt Mastrocola

Vice President

3 closed