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    559 181St St New York, NY 10033

    For Lease
    $95 SF/Yr

    Manhattan Retail - High Visibility Location

    Lot size:
    1,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional retail space is located at 559 W 181st Street in the vibrant Washington Heights submarket of Manhattan, New York, NY 10033. The property boasts excellent street frontage on West 181st Street, ensuring high visibility and significant foot traffic. Its versatile nature allows for a variety of uses, including retail, medical, or office space, making it an ideal opportunity for a diverse range of businesses. The single-tenancy setup provides a streamlined and efficient operational environment. The property's location within Washington Heights offers access to a thriving community with a strong local economy. This prime location provides unparalleled exposure to a dense population and offers significant potential for growth and success. The address is easily accessible by various transportation methods, further enhancing its appeal to both businesses and customers. This is a unique opportunity to secure a highly visible and strategically located commercial property in one of Manhattan's most dynamic neighborhoods. The property is situated at latitude 40.848938697743044 and longitude -73.93255556199534. This presents a rare chance to establish a strong presence in a bustling and growing area.

    Property Features for 559 181St St

    General Information

    Property type
    Medical space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,900 SF

    Unit(s) available at that property

    Space
    Size
    1,900 SF
    Rate per SF
    $95

    HighLights

    • $15,000/month rent.
    • Located between St. Nicholas and Audubon Avenues in Washington Heights, Manhattan.
    • Over 24 feet of street frontage on West 181st Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical 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
    -73.932555561995
    Latitude
    40.848938697743

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    FAQs

    What type of property is this?
    Medical space - Manhattan Retail - High Visibility Location
    Where is this medical space located?
    The property is located at 559 181St St New York, NY.
    What is the lease rate?
    The lease rate is $95 SF/Yr.
    What are key features of this property?
    This property features: $15,000/month rent.; Located between St. Nicholas and Audubon Avenues in Washington Heights, Manhattan.; Over 24 feet of street frontage on West 181st Street.
    Request Owner's contact information
    559 181St St New York, NY 10033
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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
    559 181St St New York, NY 10033
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