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    451 116Th St New York, NY 10029

    Sponsored
    For Lease
    $810 /Mo

    800 sq ft, High Traffic Location

    Lot size:
    800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 800-square-foot retail space is ideally situated at 451 E 116th St in New York, NY 10029. Located in the vibrant East Harlem neighborhood, this single-tenant property offers a fantastic opportunity for a variety of retail businesses. The space boasts excellent visibility and accessibility, with a prime location directly across from the bustling East River Plaza Mall. This ensures high foot traffic and convenient access for customers. The property's address is 451 E 116th St, conveniently situated near Pleasant Avenue, further enhancing its accessibility and exposure. The building offers 800 square feet of versatile space, perfect for a variety of retail concepts. The high volume of both pedestrian and vehicular traffic guarantees significant exposure to potential customers. This is a rare opportunity to establish a thriving business in a high-demand area with exceptional visibility and accessibility. The property is currently vacant and ready for immediate occupancy, allowing for quick setup and commencement of operations. Don't miss this chance to secure a prime retail location in a rapidly growing neighborhood. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 451 116Th St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    800 SF
    Total Rate
    810

    Unit(s) available at that property

    Space
    Size
    800 SF
    Rate per SF
    $810

    HighLights

    • 800‑square‑foot retail space at 451 E 116th St, New York, NY 10029.
    • Located in East Harlem, across from East River Plaza Mall, ensuring high foot traffic.
    • Excellent visibility and accessibility, near Pleasant Avenue.
    • Currently vacant and ready for immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Velocity Muzic Inc School

    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
    -73.9332037
    Latitude
    40.795369

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    FAQs

    What type of property is this?
    Retail property - 800 sq ft, High Traffic Location
    Where is this retail property located?
    The property is located at 451 116Th St New York, NY.
    What is the lease rate?
    The lease rate is $810 /Mo.
    What are key features of this property?
    This property features: 800-square-foot retail space at 451 E 116th St, New York, NY 10029.; Located in East Harlem, across from East River Plaza Mall, ensuring high foot traffic.; Excellent visibility and accessibility, near Pleasant Avenue.
    Request Owner's contact information
    451 116Th St New York, NY 10029
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    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
    451 116Th St New York, NY 10029
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