236 72Nd St New York, NY 10023
- Specialty properties
- 15,771 SF
Current Use by Public Records
- Apostolic Church International Fellowship of New York & New Jersey / Apostolic Church
- NYC Church Planting / Church
- Faithful Korean Baptist Church / Korean Church
- Global Gates Network / Non-Profit Organization
- Metropolitan New York Baptist Association / Religious Organization / Baptist Church
Property Details for 236 72Nd St
- Property size
- 15,771 SF
- Property type
- Specialty properties
- Property subtype
- Churches & religious facilities
Description
This exceptional six-story mixed-use building, totaling 15,771 square feet, presents a remarkable investment opportunity in the heart of New York City's Upper West Side. Located at 236 W 72nd St, this 100% occupied property boasts 25 feet of street frontage on a high-traffic block within a historic district, offering significant residential and commercial appeal. The C4-6A zoning allows for diverse uses, including retail, office, or residential conversion, maximizing potential floor area ratio (10.0 FAR for residential). The building's charming architectural details, including soaring ceilings and expansive windows, create a bright and inviting atmosphere. Its prime location, steps from Central Park and Riverside Park, provides unparalleled access to Manhattan's amenities. Further enhancing its value, an additional 16,575 square feet of air rights are available for purchase. This property offers significant potential for renovation and value-add opportunities, with the option for a leaseback with the current tenant. Whether pursuing luxury residential development or maintaining the existing commercial use, this building presents exceptional versatility and return on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9834
- Latitude
- 40.779
