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    616 207Th St New York, NY 10034

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    616 207Th St New York, NY 10034

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    • Retail properties & Spaces
    • 300 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cardtronics / Atm
    • Metro by T-Mobile / Mobile Phone Store / Electronics & Wireless Store
    • Jaysons creme zone yummy funny / Hair Salon / Nail Salon
    • Inwood Delicias Corp. / Food Market / Restaurant
    • Cardtronics ATM / Atm

    Property Details for 616 207Th St

    Property size
    300 SF
    Property type
    Retail properties & Spaces

    Description

    This 300 square foot retail space at 616 W 207th Street, New York County, offers a fantastic opportunity for a single-tenant business. Located steps from the corner of Broadway and 207th Street, this property benefits from over 13,000 vehicles per day passing on Broadway, ensuring high visibility and foot traffic. Its proximity to the 207th Street (A) subway line provides excellent accessibility for customers. The space previously housed Alex Shoes Repair and features approximately 10 feet of street frontage, ideal for showcasing your business. The interior offers 300 square feet of adaptable space, perfect for a variety of retail uses. Possession is to be arranged to suit the buyer's needs. This location provides a unique blend of high traffic volume and convenient public transportation, making it an exceptional investment opportunity in a vibrant New York City neighborhood. The property is a single-tenant space, offering simplicity and control for the new owner. The building is situated in New York County, offering access to a diverse customer base. This is a rare chance to acquire a well-positioned retail space in a high-traffic area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9215
    Latitude
    40.8678

    Comparable in this City

    • Value Estimation by Request
      7,500 SF

      108 Sherman Ave

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      3,600 SF

      4857 Broadway

      Retail properties & Spaces • 3,600 SF
      4857 Broadway, New York, NY 10034
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    • Value Estimation by Request
      24,000 SF

      4857 Broadway

      Office Units • 24,000 SF
      4857 Broadway, New York, NY 10034
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    • Value Estimation by Request
      21,000 SF

      5073 Broadway

      Retail properties & Spaces • 21,000 SF
      5073 Broadway, New York, NY 10034
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    • Value Estimation
      $10,035,000
      9,305 SF

      4760 Broadway, Unit 4766

      RETAIL STORES (PERSONAL SERVICES) • 9,305 SF
      4760 Broadway, New York, NY 10034-4916
      View Details
    • Value Estimation
      $7,205,000
      7,635 SF

      63 Cooper St, Unit COMM

      RETAIL STORES (PERSONAL SERVICES) • 7,635 SF
      63 Cooper St, New York, NY 10034-3065
      View Details

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    616 207Th St
    New York, NY 10034
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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