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    9 Hillside Ave, Unit New York Manhattan, NY 10040

    For Sale
    $1,450,000

    Other - New York (Manhattan), NY

    Property size:
    2,500 SF
    Days on Market:
    47
    Last Refresh:
    Dec 8 at 1:06 pm

    Property Features for 9 Hillside Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R7-2
    Rooms
    Basement
    Basement Y/N
    1
    Size
    2,500 SF

    Utilities

    Cooling system
    Ductless

    Building Details

    Year built
    1960
    Building materials
    Block
    Architectural style
    Other

    ADCNY REALTY CORP (917) 410-0015 [email protected]

    Listing agent Bruno F. Ruiz-Castano (917) 410-0015 License #10311205880

    Listing date Oct 23, 2025

    MLS# 928079 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Inwood Investment: Development Potential

    Located in Inwood/Washington Heights, this commercial property offers both stable income and future development potential. The one-story structure is leased to a deli with 5 years remaining on the lease, generating $6,000 per month ($72,000 per year) in rent. The estimated Net Operating Income (NOI) is approximately $61,200 per year. Situated on a 25 ft x 100 ft lot (2,500 sq ft), the R7-2 zoning allows for construction of up to approximately 8,600 sq ft. The existing structure is around 2,500 sqft and in solid condition. The location benefits from high foot traffic, visibility, and access to amenities, with proximity to the A and 1 subway lines, parks, and retail corridors. The R7-2 zoning allows for potential multi-family or mixed-use development when the current lease expires. This property is suited for passive investors seeking cash flow and developers looking for future upside.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Fine Fare Supermarkets, Target Grocery, Extra Jumbo by Antillana, Hector Manhattan, Liberato Food Market

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan
    County
    New York
    State
    New York
    Longitude
    -73.930653
    Latitude
    40.858575

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    FAQs

    What type of property is this?
    Grocery and convenience store - Commercial property with stable income and future redevelopment potential.
    Where is this grocery and convenience store located?
    The property is located at 9 Hillside Ave, Unit New York Manhattan, NY.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - Significant long-term redevelopment potential with R7-2 zoning allowing for approximately 8,600 sq ft buildable area.; - Stable income from a well-established deli with 5 years remaining on the lease, generating $72,000/year in rent.; - Prime location in Inwood/Washington Heights, steps away from A and 1 subway lines, parks, and major retail corridors.
    (917) 410-0015
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    9 Hillside Ave, Unit New York Manhattan, NY 10040
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9 Hillside Ave, Unit New York Manhattan, NY 10040
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