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    87th West St New York, NY 10024

    For Lease
    $288 SF/Yr

    Prime 500 SF Retail, Upper West Side

    Lot size:
    500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional retail space, located on West 87th Street between 86th and 87th Streets on the Upper West Side, offers a unique opportunity for a discerning business. The ground floor boasts approximately 500 square feet of street-level retail space, perfectly suited for a variety of uses. An additional 450 square feet of basement space provides ample storage or expansion potential. The landlord is currently installing interior stairs to seamlessly connect both levels, enhancing functionality and convenience. The monthly rent is $12,000, translating to $288 per square foot. The lease term is negotiable, and immediate possession is available. The property is offered in "as is" condition. Please note that all dimensions are approximate; for precise measurements, it is recommended to engage an independent architect or engineer. This mid-block location offers excellent visibility and accessibility, making it an ideal space for a thriving business. The property is currently configured as a single-tenant space. Taxes and utilities are not included in the monthly rent. All information provided is subject to verification and is presented without guarantee. Potential tenants should conduct their own due diligence.

    Property Features for 87th West St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    500 SF

    Unit(s) available at that property

    Space
    Size
    500 SF
    Rate per SF
    $288

    HighLights

    • Retail space totaling 950 square feet (500 SF ground floor, 450 SF basement) on the Upper West Side.
    • Located mid‑block on West 87th Street between Columbus and Amsterdam Avenues.
    • Asking rent: $12,000 per month ($288 per square foot).
    • Immediate possession available.
    • Landlord is installing interior stairs connecting the ground floor and basement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9719855
    Latitude
    40.7871972

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    FAQs

    What type of property is this?
    Retail property - Prime 500 SF Retail, Upper West Side
    Where is this retail property located?
    The property is located at 87th West St New York, NY.
    What is the lease rate?
    The lease rate is $288 SF/Yr.
    What are key features of this property?
    This property features: Retail space totaling 950 square feet (500 SF ground floor, 450 SF basement) on the Upper West Side.; Located mid-block on West 87th Street between Columbus and Amsterdam Avenues.; Asking rent: $12,000 per month ($288 per square foot).
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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
    87th West St New York, NY 10024
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