Mixed-Use Investment or Owner-User Opportunity – 852 10th Avenue
Address: 852 10th Avenue, New York, NY, 10019
Asking Price: $4,700,000 ($999.15/SF)
Cap Rate: 4.87%
Sale Type: Investment or Owner-User
Asset Type: 3-Star Retail Storefront / Residential Mixed-Use
Location: CBD – Hell’s Kitchen / Midtown West
Gross Leasable Area (GLA): 4,704 SF
Stories: 4
Typical Floor Size: 1,281 SF
Building Class: B
Building Height: 43 ft
Construction: Masonry
Loading Docks: None
Property Overview:
852 10th Avenue presents a rare mixed-use investment or owner-user opportunity in the heart of Hell’s Kitchen, one of Manhattan’s most dynamic and evolving retail and residential neighborhoods. This well-maintained 4-story masonry building combines retail storefront visibility with residential or commercial flexibility, perfect for investors or end-users looking to establish a presence in Midtown West.
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Investment Highlights:
✔ Prime Corner Presence: Situated in a highly trafficked area between W 56th and W 57th Streets with excellent retail visibility and branding potential.
✔ Mixed-Use Flexibility: Offers a strong blend of street-level retail and upper-floor residential or office use. Ideal for live/work, income property, or redevelopment.
✔ Strong In-Place Returns: Cap rate of 4.87% with market-aligned rents and long-term upside through repositioning or modernization.
✔ Strategic Midtown West Location: Close to Central Park, Columbus Circle, Hudson Yards, and Lincoln Center. Surrounded by restaurants, retail, entertainment, and Class A residential development.
✔ Ideal for Owner-Occupier or Investor: Rare full-building availability in a vibrant district with ongoing growth, tourism, and residential demand.
Property Summary:
- Price: $4,700,000
- Cap Rate: 4.87%
- GLA: 4,704 SF
- Stories: 4
- Typical Floor: 1,281 SF
- Building Class: B
- Construction: Masonry
- Market Segment: Retail & Residential Mixed-Use
- Loading Docks: None
Conclusion:
852 10th Avenue is a compelling opportunity for investors or owner-users seeking a versatile, income-producing asset with prime visibility in a fast-growing Manhattan location. With solid existing returns, a flexible layout, and rare full-building control, this is a must-see for long-term value seekers.
Request the full offering memorandum and schedule a private tour today.
