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781 Eighth Ave 8,613 sq ft 100% Let Retail Property New York, NY 10036 £7,394,482 (£858.53/sq ft) 4.45% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prime Times Square location with unmatched pedestrian traffic.
- Surrounded by iconic landmarks and luxury developments.
- Strong long-term appreciation potential in Midtown Manhattan.
- Fully leased retail building delivering stable income.
- Excellent transit connectivity via major subway lines.
- Nearby transit options include multiple subway lines (1, 2, 3, A, C, R, W, J, Z, 4, 5, 6) and proximity to Port Authority and Metro-North Railroad.
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Shopfront Retail / Office
Property Size
8,613 sq ft
Costar Property Class
B
Year Built
1920
Price
£7,394,482
Price per sq ft
£858.53
Yield
4.45%
NOI
£328,751
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Plot ratio
3.95
Total Plot Size
0.05 ac
Use Class
C6-4 - districts permit a wide range of high-bulk commercial uses requiring a central location
Frontage
19 ft on 8th Ave
AMENITIES
- Bus Route
Walk Score®
Excellent pedestrian access (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Ideal For Cyclists (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1038-0033 | Improvements Assessment | £263,734 |
| Land Assessment | £380,097 | Total Assessment | £643,831 |
PROPERTY TAXES
Parcel Number
1038-0033
Land Assessment
£380,097
Improvements Assessment
£263,734
Total Assessment
£643,831
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