781 Eighth Ave - Storefront Retail/Office FOR SALE


New York, NY 10036- Times Square
$9,860,000 USD
212-891-7643
781 Eighth Ave, New York, NY for Sale
$9,860,000 USD
Storefront Retail/Office - FOR SALE
1/2
null | 4.5% Cap Rate

781 Eighth Ave
New York, NY 10036
Times Square


OVERVIEW

Douglas Elliman (DE) has been exclusively appointed to market the sale of 781 Eighth Avenue, a prime retail building located in the heart of Midtown Manhattan between 47th and 48th Streets. This is a rare opportunity in Times Square. The submarket enjoys substantial daily foot traffic, attracting millions of theatergoers, visitors, and tourists each year. Surrounded by many new luxury residential complexes developed over the past decade, with more on the way, this neighborhood is poised to remain a must-see destination on a global scale. 781 Eighth Avenue offers a prime location for hospitality or retail ventures with excellent income potential and long-term appreciation. The building is approximately 8,613 square feet across four floors and a basement. It is a retail building in New York City’s most coveted real estate, making it ideal for all types of investors. It is located near Columbus Circle, St. Patrick’s Cathedral, Rockefeller Center, Central Park, Radio City Music Hall, Port Authority Terminal, United Nations Headquarters, Grand Central Terminal, the Chrysler Building, Metro-North Railroad, and Whole Foods, among many others. Nearby subway lines include the 1, 2, 3, A, C, R, W, J, Z, 4, 5, and 6 trains, all within a several-block radius. Please feel free to contact me with any questions if interested. Kindly be mindful and do not disturb the tenants. Please feel free to contact me with any questions if interested. Kindly be mindful and do not disturb the tenants.

FOR SALE DETAILS

PRICE

$9,860,000 USD

PRICE/SF

$1,145 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

C6-4

APN/PARCEL ID

1038-0033

ASK ABOUT THIS PROPERTY

Jia Yuan YanDouglas EllimanMore Info
212-891-7643

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Jia Yuan YanDouglas EllimanMore Info
212-891-7643

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.