534 W 42nd St - Multi-Family CONDO FOR SALE


New York, NY 10036- Midtown West
$400,000 USD
646-331-2958
534 W 42nd St, New York, NY for Sale
$400,000 USD
Multi-Family CONDO - FOR SALE
1/11
null | Request Cap Rate

534 W 42nd St
New York, NY 10036
Midtown West


HIGHLIGHTS

  • Prime 42nd Street exposure in high-traffic Hell’s Kitchen corridor
  • 421A tax abatement significantly reduces carrying costs
  • ~194 SF “jewel-box” ground-floor commercial condo with full glass frontage
  • Ideal for boutique, service-based, or appointment-driven businesses
  • Turnkey infrastructure + condo ownership = control, flexibility, and ease of operation
  • Wide Permitted Uses

OVERVIEW

Built for smart, service-driven operators who don’t need size—they need the right block. This layout works cleanly for cigar or liquor concepts, phone and electronics services, boutique legal or professional use, repair shops, premium drop-off businesses, and compact retail like floral, jewelry, or specialty food (pre-packaged/refrigerated). What makes it work is the environment around you: CVS, 7-Eleven (24hr), Subway, FedEx, UPS, Pet Square, a high-volume coffee house, deli & café, and even an NYPD presence—these aren’t projections, they’re daily traffic drivers already in place, pulling consistent foot flow to your door. This is a corridor built for constant activity, sitting within immediate reach of Hudson Yards, the Javits Center, and Port Authority—meaning customers are always moving through, morning to night. The numbers are where it gets interesting: the 421A tax abatement is in place, which directly lowers property taxes and keeps your monthly carry low. Simple math—lower expenses, stronger margins. You’re buying a true commercial condo, not dealing with co-op restrictions—faster process, full control of your space, and long-term flexibility. The space is already set up to operate: 60-amp power, private ADA-compliant bathroom, and its own HVAC system. No heavy build-out needed—open and start generating. If you’re looking for a small, visible, cost-efficient location surrounded by proven businesses that already attract your customer, this is a very straightforward play. Inquire to review details and schedule access.

FOR SALE DETAILS

PRICE

$400,000 USD

PRICE/SF

$2,062 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

14,096 SF

STORIES

9

BUILDING CLASS

C

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

C6-4

APN/PARCEL ID

1070-7502

ASK ABOUT THIS PROPERTY

Grayce Kelle CandidoHighline ResidentialMore Info
646-331-2958

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Grayce Kelle CandidoHighline ResidentialMore Info
646-331-2958

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