Retail Business for Sale in New York, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: New York, NY 10023

Description

The Retail at 1865 Broadway sits at the base of a new 33 story, 172 unit luxury residential tower, highlights include: • One block from the 59th Street-Columbus Circle subway station • 20’ ceiling heights on the ground floor • Building designed by renowned Skidmore, Owings & Merrill LLP (SOM)

Market Context

This retail in New York, NY is listed for sale. It has been on the market for 93 days. Compare it against other retail listings for sale in New York, NY — <a href="/search/sale/retail/new-york/new-york">view the full market</a>.

As of Q1 2026, the New York City Area retail market showed a 4.2% vacancy rate, average asking rents near $54.00/SF/yr, and cap rates around 6.2%. Source: Www.matthews.com Q1 2026 market report.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

What is the typical cap rate for retail in New York City Area?
About 6.2% as of Q1 2026, per Www.matthews.com.
Is the New York City Area retail market tightening or softening?
Vacancy is around 4.2% (Q1 2026).

Unified Estimate

Medium Confidence

$389.90/SF – $527.51/SF

Mid: $458.70/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

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