Single-Tenant Citibank
New
For Sale
$20,000,000
170 W 72nd St, New York, NY 10023
Triple-net lease structure places taxes, insurance, utilities, and repairs with the tenant through July 2037.
Property Size14,638 SF
Lot Size0.11 Acres
Price / SF$1,366
Days on Market2
Property Features for 170 W 72nd St
General Information
Standard status
Active
Size
14,638 SF
Lot size
0.11 Acres
Property subtype
Bank
Zoning
C4-6A
Occupancy
100%
Lease Type
NNN
Net Operating Income
$925,000
Financials
Asking Price
$20,000,000
Cap Rate
4.63%
Amenities
Absolute triple net lease with zero landlord responsibilities
Highest deposit Citibank in the 10023 zip code at $619 million on site
One minute walk to the 72nd Street 1/2/3
Term secured through July 2037 with two five year options to 2047
Investment grade tenant, Citibank, N.A., single A senior credit
Building Details
Building Size
14,638 SF
Buildings
1
Tenancy
Single
Listed By:
Michael Kook · License #License(s): NY: 10301216047, NY: 10491208242
(212) 430-5169
Source:
Marcusmillichap
Added: Sep 4
Last Checked: Sep 5 at 3:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michael Kook
Investment Insights
Based on property information with market context.
This single-tenant bank property comprises a 14,638-square-foot building on a 4,768-square-foot lot. The asset is occupied by Citibank, N.A., with a triple-net lease extending through July 2037 and two five-year renewal options that could extend the term to 2047. The tenant is responsible for taxes, insurance, utilities, and interior, exterior, structural, and nonstructural repairs and replacements. No landlord obligations are specified.
The property is located at 170 West 72nd Street in New York’s Upper West Side and is one minute from the 72nd Street 1/2/3 station. The surrounding retail corridor includes Trader Joe’s, Bank of America, Bloomingdale’s, Chase, and Sephora. Within one mile, the area includes 174,322 residents and 117,941 daytime employees.
The site is zoned C4-6A and includes 33,042 square feet of unused development rights. The lease carries a 4.63% cap rate, and the tenant executed a ten-year extension in February 2026 without an early termination right.
The property is located at 170 West 72nd Street in New York’s Upper West Side and is one minute from the 72nd Street 1/2/3 station. The surrounding retail corridor includes Trader Joe’s, Bank of America, Bloomingdale’s, Chase, and Sephora. Within one mile, the area includes 174,322 residents and 117,941 daytime employees.
The site is zoned C4-6A and includes 33,042 square feet of unused development rights. The lease carries a 4.63% cap rate, and the tenant executed a ten-year extension in February 2026 without an early termination right.
Key Highlights
- 14,638‑square‑foot building on a 4,768‑square‑foot lot
- Single‑tenant Citibank, N.A. occupancy
- Triple‑net lease runs through July 2037
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,056
Businesses Nearby
68k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Dining 40%
Shops & Services 14%
Home Improvements & Furnishings 3%
SuperFresh
Groceries
16,616 visits/mo
0.3 miles
Starbucks
Dining
15,586 visits/mo
0.3 miles
Key Food Marketplace
Groceries
12,903 visits/mo
0.3 miles
Citibank
Shops & Services
7,443 visits/mo
0.3 miles
Las Margaritas
Dining
7,131 visits/mo
0.3 miles
Demographics for 10023, NY
71,164
Population
46,272
Households
1.5
Avg Household Size
42
Median Age
84%
College-Educated
98%
High-School Grad
1.0 sq mi
ZIP Area
71,164
Density / Sq Mi
$157,866
Median Household Income
$109,508
Median Earnings
$3,050
Median Rent
$1,401,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Triple-net lease structure places taxes, insurance, utilities, and repairs with the tenant through July 2037.
Where is this bank located?
The property is located at 170 W 72nd St New York, NY.
What is the asking price?
The asking price for this property is $20,000,000.
What are key features of this property?
This property features: 14,638‑square‑foot building on a 4,768‑square‑foot lot; Single‑tenant Citibank, N.A. occupancy; Triple‑net lease runs through July 2037
