429 127Th St, New York, NY 10027
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.