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    1248 St Nicholas Ave New York, NY

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    For Sale
    Contact for pricing

    Four commercial units in high-traffic Washington Heights location.

    Property size:
    400 SF
    Lot size:
    0.06 Acres

    Property Features for 1248 St Nicholas Ave

    General Information

    Size
    400 SF
    Lot size
    0.06 Acres

    Source: Navi Times CRE Agent Navahjo Stoller

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

    Overview

    Washington Heights Retail Investment Opportunity

    This property features four commercial units, including two ground-level stores, each offering 400 square feet of retail space. Additionally, there are two floor-through commercial units located on the second and third floors. The property is situated blocks from the MTA’s A express Subway station and a short walk to the 168th Street number 1 Subway. It is also located minutes from Yeshiva University and just north of NewYork-Presbyterian/Columbia University Irving Medical Center. This property presents an opportunity to own an income-producing asset in a high-traffic location in the heart of Washington Heights.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    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
    -74.0108336
    Latitude
    40.708487

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    FAQs

    What type of property is this?
    Retail space - Four commercial units in high-traffic Washington Heights location.
    Where is this retail space located?
    The property is located at 1248 St Nicholas Ave New York, NY.
    What are key features of this property?
    This property features: - High traffic location in the heart of Washington Heights.; - Income producing asset with 4 commercial units.; - Close proximity to the MTA’s A express Subway station.
    (917) 418-4725
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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
    1248 St Nicholas Ave New York, NY
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