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    172 106Th St New York, NY 10029

    Sponsored
    For Lease
    Contact for pricing

    Prime NYC Retail/Industrial Space Available

    Lot size:
    3,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property at 172 E 106th Street in New York City offers 3,650 square feet of versatile retail and industrial space, currently fully vacant and ready for immediate occupancy. The building is divided into two suites, with a minimum divisible space of 1,500 square feet and a maximum contiguous space of 2,150 square feet, providing flexibility for various business needs. The property's strategic location in New York County, zip code 10029, ensures high visibility and accessibility. The building features attractive ceiling heights, varying between 13 and 10 feet, offering ample space and potential for creative layouts. Ideal for businesses requiring both retail and distribution capabilities, this property presents a unique opportunity to establish a strong presence in a vibrant New York City neighborhood. The multiple tenancy structure allows for potential subleasing or expansion opportunities. This is a rare chance to secure a fully vacant, well-located commercial property in a highly sought-after area of Manhattan. The property's size and layout make it suitable for a variety of uses, from retail showrooms to light industrial operations or a combination thereof. Contact us today to schedule a viewing and explore the possibilities.

    Property Features for 172 106Th St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,650 SF

    Unit(s) available at that property

    Space
    Ground Floor
    Size
    2,150 SF
    Space
    Lower Level
    Size
    1,500 SF

    HighLights

    • Commissary/dark kitchen with optimal delivery access.
    • Suitable for dark kitchen, commissary, or food distribution operations.
    • Features 25+ ft hood with black iron, three walk‑in coolers, and excellent plumbing and flooring.
    • 25‑foot frontage on 106th Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    106 Flower Shop Florist

    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
    -73.9454079
    Latitude
    40.7916213

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    FAQs

    What type of property is this?
    Lifestyle center - Prime NYC Retail/Industrial Space Available
    Where is this lifestyle center located?
    The property is located at 172 106Th St New York, NY.
    What are key features of this property?
    This property features: Commissary/dark kitchen with optimal delivery access.; Suitable for dark kitchen, commissary, or food distribution operations.; Features 25+ ft hood with black iron, three walk-in coolers, and excellent plumbing and flooring.
    Request Owner's contact information
    172 106Th 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
    172 106Th St New York, NY 10029
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