Property profile

0 116Th St New York, NY 10029

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional East Harlem retail space, located on East 116th Street, offers approximately 1,200 square feet of versatile commercial space. The property includes roughly 800 square feet on the main level and an additional 400 square feet in the basement, along with a yard. The space boasts approximately 9-foot ceilings and dimensions of approximately 18x44 feet. Ideal for a variety of uses, including office, retail, yoga studio, tutoring center, art gallery, dance studio, or import business. The property is currently offered as-is, but features include two and a half bathrooms and is described as well-maintained and turnkey. Heat and air conditioning are included in the monthly rent of $4,500 ($45 per square foot). While not currently vented, a kitchen sink could be added. The lease term is negotiable, and immediate possession is available. All uses are considered, but prospective tenants should note that a second means of egress may be required depending on the intended use. Please note that all dimensions are approximate, and prospective tenants are advised to conduct their own due diligence regarding exact measurements. All information is subject to errors, omissions, changes, or withdrawal without notice.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

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

Location

116Th St New York, NY 10029
New York metro
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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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