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    OFF-MARKET
    Specialty properties

    429 127Th St, New York, NY 10027

    15,900 SF Built 1936
    Property ID
    Property summary
    AI-generated overview

    This exceptional 15,900-square-foot retail and special purpose property, located at 429 W 127th Street in Manhattan's Harlem submarket (Manhattanville cluster), presents a unique investment opportunity. Built in 1936 and renovated in 2008, this Class C building boasts a single tenancy and offers a fully built-out space ideal for a variety of uses, including showroom and gym spaces. The ground floor comprises 5,295 square feet, divisible to suit tenant needs, and features approximately 100 feet of frontage. Soaring 30-foot high ceilings create a dramatic and spacious atmosphere. The property includes existing HVAC and ADA-compliant bathroom facilities, and a mostly open layout allows for flexible design. The potential for backyard outdoor seating adds significant value. Multiple entrances, including two drive-ins, enhance accessibility and convenience. Strategically situated on a two-way route out of Manhattan and just off Amsterdam Avenue, this location benefits from high visibility and easy access. Its proximity to City College of New York, Columbia University, and the vibrant 125th Street retail corridor ensures high foot traffic and a strong customer base. Venting capabilities are available. The property is in New York County, NY, zip code 10027, between Amsterdam and Convent Avenues.

    Property profile
    Verified
    Property type Specialty properties
    Year built 1936
    Total area 15,900 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Immigrant Community Law Center Law Firm
    • Mauricio E. Norona Law Firm
    • African Services Committee Law Firm
    • Studio Museum 127 Modern Art Museum
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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