236 72Nd St New York, NY 10023
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.
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Apostolic Church International Fellowship of New York & New Jersey Church
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NYC Church Planting Church
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Faithful Korean Baptist Church Church
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Global Gates Network Charitable Organization Social Service Agency
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Metropolitan New York Baptist Association Church Mosque
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
Similar Nearby for Sale
Similar Nearby for Lease
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.