Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    40 Pinehurst Ave, Unit CFA New York, NY 10033-5529

    • Flex space
    • 1,355 SF
    • 0.12 lot acres
    OFF-MARKET
    Last Sale
    Apr 18, 2025
    $760,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4054563
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Northern Manhattan Women's Health / Women'S Health Clinic
    • The Ammann / Condominium Complex

    Property Details for 40 Pinehurst Ave

    Year built
    2016
    Lot size
    0.12 lot acres
    Property size
    1,355 SF
    Zone code
    R7-2
    Property type
    Flex space
    APN
    02177-1101
    APU
    21771101

    Description

    This exceptional 1,128 square foot medical office condo, located at 40 Pinehurst Avenue in New York, NY 10033, presents a unique investment opportunity. Built in 2018, this Class C property boasts a 100% occupancy rate and is ideally suited for a variety of medical or dental practices. The unit features a modern, ADA-compliant bathroom and high 10-foot ceilings, offering ample space for customization. The "white box" interior allows for complete design flexibility to meet the specific needs of the new owner. Situated in the vibrant Washington Heights neighborhood, this property enjoys a prime location, just six minutes from Columbia North Medical Center. The building offers incredibly low monthly expenses, making this a financially attractive proposition. The property is classified as both retail, multifamily, and office, offering versatility and potential for future expansion. This turnkey medical office condo is ready for immediate occupancy and represents an excellent opportunity for a medical professional seeking a well-located, modern, and efficient practice space in Upper Manhattan. The property's convenient location and modern amenities make it a highly desirable investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9401
    Latitude
    40.8497
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $15,748
    $4,843
    $143,838
    $148,681
    -
    $10,763
    $343,298
    $354,061

    Comparable in this City

    • Value Estimation
      $530,000
      9,250 SF

      4337 Broadway, Unit 1

      LIGHT INDUSTRIAL • 9,250 SF
      4337 Broadway, New York, NY 10033-2411
      View Details
    • Value Estimation
      $635,000
      1,026 SF

      40 Pinehurst Ave, Unit CFB

      LIGHT INDUSTRIAL • 1,026 SF
      40 Pinehurst Ave, New York, NY 10033-5529
      View Details
    • Value Estimation
      $250,000
      722 SF

      2360 Amsterdam Ave, Unit M2

      LIGHT INDUSTRIAL • 722 SF
      2360 Amsterdam Ave, New York, NY 10033-7364
      View Details
    • Value Estimation
      $350,000
      4,147 SF

      2360 Amsterdam Ave, Unit M1

      LIGHT INDUSTRIAL • 4,147 SF
      2360 Amsterdam Ave, New York, NY 10033-7362
      View Details
    • Value Estimation
      $770,000
      43,801 SF

      2420 Amsterdam Ave, Unit OUB

      LIGHT INDUSTRIAL • 43,801 SF
      2420 Amsterdam Ave, New York, NY 10033-7327
      View Details
    • Value Estimation
      $335,000
      4,706 SF

      4337 Broadway, Unit 2

      LIGHT INDUSTRIAL • 4,706 SF
      4337 Broadway, New York, NY 10033-2411
      View Details

    Similar Nearby for Sale

    • $600,000

      Prime NYC Restaurant Opportunity

      Established Restaurant, High-Traffic Location
      4195 Broadway, New York, NY 10033
      View Details
    • $475,000

      Pinehurst Avenue Multifamily Investment Opportunity

      Multifamily property for sale in New York, NY.
      116 Pinehurst Ave, New York, NY 10033
      View Details
    • $499,000

      Fort Washington Avenue Apartment Building

      Apartment building located on Fort Washington Avenue, New York.
      371 Fort Washington Ave, New York, NY 10033
      View Details
    • $1,100,000

      Washington Heights Multifamily Investment Opportunity

      Five-unit building in vibrant Washington Heights, Manhattan.
      567 W 184Th St, New York, NY 10033
      View Details
    • $599,000

      Cabrini Blvd Multifamily Opportunity

      Multifamily property for sale on Cabrini Blvd, New York.
      140 Cabrini Blvd, New York, NY 10033
      View Details
    • $950,000

      Residential Income Property For Sale

      Residential income property available for purchase in New York.
      447 Fort Washington Ave, New York, NY 10033
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      700 SF

      Retail Space in Fort George

      700 SF retail space in vibrant Washington Heights neighborhood.
      547 W 186Th St, New York, NY 10033
      View Details
    • $175 SF/Yr
      535 SF

      Manhattan Retail Space for Rent

      Retail space available in the Hudson Heights neighborhood of Manhattan.
      210 Pinehurst Ave, New York, NY 10033
      View Details
    • $1,500 /Mo
      100 SF

      Luxury Spa Room Rental

      Room rental in a renovated luxury spa in Manhattan.
      831 W 181St St, Manhattan, NY 10033
      View Details
    • Contact for pricing
      316 SF

      Retail Spaces Available for Lease

      Retail spaces for lease with signage opportunities in New York.
      554-558 W 181St St, New York, NY 10033
      View Details
    • $11,375 /Mo
      2,275 SF

      Double-Corner Medical Office Space

      2,275 SF professional/medical office near Columbia Presbyterian.
      1 Cabrini Blvd, New York, NY 10033
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in High-Traffic Area

      Retail space available in a dense residential neighborhood.
      2304 Amsterdam Ave, New York, NY 10033
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    40 Pinehurst Ave, Unit CFA
    New York, NY 10033-5529
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.