Property profile

256 116Th St New York, NY 10026

OFF-MARKET
Retail properties & Spaces
5,137 SF
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Property summary

AI-generated overview

This exceptional commercial property at 256 W 116th Street in New York City offers a unique opportunity to lease prime executive office space in the vibrant West Harlem neighborhood. The building, totaling 5,137 square feet, features a multi-tenant configuration, providing flexibility for businesses of various sizes. Currently, there is 2,387 square feet of immediately available space, ideal for a growing company seeking a modern and efficient workspace. The property is classified as both retail and office, offering potential for diverse uses. Its location in New York County, with a 10026 zip code, provides easy access to public transportation, local amenities, and a thriving community. The building's address is 256 W 116th St, New York, NY. This is an excellent chance to secure a strategic location in a rapidly developing area of Manhattan. The available space is perfect for businesses seeking a blend of accessibility and upscale surroundings. The property's classification as "Executive Office" highlights its suitability for professional firms seeking a prestigious address. The building's size and layout offer potential for customization to meet specific business needs. Interested parties are encouraged to inquire about lease terms and availability. This is a rare opportunity to establish a presence in a highly desirable and up-and-coming area of Manhattan.

Property profile

Verified
Property type Retail properties & Spaces
Total area 5,137 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Loan Service Bank
  • Medical Clinic Skin Care Clinic
  • Landscaping General Contractor
  • Shopping Center & Mall (Bike/Boat/Book/etc) Store

Location

256 116Th St New York, NY 10026
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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