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    508 E 117Th St New York, NY 10035

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    For Lease
    $5,500 /Mo ($26 SF/Yr)

    Retail space featuring an open floor plan and high ceilings.

    Property size:
    2,500 SF
    Lot size:
    0.06 Acres

    Property Features for 508 E 117Th St

    General Information

    Size
    2,500 SF
    Lot size
    0.06 Acres

    Source: Meridian Capital Group Agent James Famularo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space with Open Floorplan

    This retail space offers an open floor plan without column intrusions. The property features high ceilings and an exposed brick wall. Natural sunlight is available on both floors. The space is in close proximity to big-box retailers. The property size is 2500 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Lighthouse Fish Market Seafood Restaurant Judith Pond Kudlow Artist

    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.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9322086
    Latitude
    40.7954311

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    FAQs

    What type of property is this?
    Retail space - Retail space featuring an open floor plan and high ceilings.
    Where is this retail space located?
    The property is located at 508 E 117Th St New York, NY.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: - Open floor plan with no column intrusions; - High ceilings; - Natural sunlight on both floors
    (212) 972-3600
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    508 E 117Th St New York, NY 10035
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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
    508 E 117Th St New York, NY 10035
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