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    344 E 116Th St, Unit 1 New York, NY 10029

    For Lease
    $3,495 /Mo

    Newly renovated commercial space with high foot traffic and excellent visibility.

    Building Details

    Year built
    1910

    Source: Coldwell Banker American Homes Agent Randolph A. Saa

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

    Overview

    Renovated Commercial Space Available

    This newly renovated commercial space is available for rent in a prime location characterized by high foot traffic and excellent visibility. The interior features a bright, open layout that can be customized. Modern finishes are present throughout the space. A private backyard space is included, suitable for outdoor seating, storage, or events. The property is located near public transportation, shops, and dining. It is suitable for retail, office, or service-based businesses.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -73.9362344
    Latitude
    40.796188

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    FAQs

    What type of property is this?
    Retail space - Newly renovated commercial space with high foot traffic and excellent visibility.
    Where is this retail space located?
    The property is located at 344 E 116Th St, Unit 1 New York, NY.
    What are key features of this property?
    This property features: - Prime location with high foot traffic and excellent visibility.; - Newly renovated with modern finishes.; - Bright, open and customizable layout.
    (917) 364-5645
    Request Owner's contact information
    344 E 116Th St, Unit 1 New York, NY 10029
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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
    344 E 116Th St, Unit 1 New York, NY 10029
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