Property profile

71 St Nicholas Ave New York, NY 10026

OFF-MARKET
Specialty properties
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Property summary

AI-generated overview

This exceptional 1,250-square-foot special purpose property, situated at 71 Saint Nicholas Avenue in the vibrant Harlem neighborhood of Manhattan, presents a unique investment opportunity. The building is a single-tenant facility, offering ease of management and potential for long-term stability. Its strategic location between West 114th Street and West 113th Street provides convenient access to the 2 and 3 subway lines at 116th Street, ensuring excellent connectivity for both staff and patrons. Furthermore, a robust network of bus lines, including the M2, M116, M7, M3, M4, M102, and M10, enhances accessibility. The property benefits from a thriving commercial environment, surrounded by a diverse range of established businesses. Nearby establishments include kIAKOSMETIK SPA, DryClean NYC, Create Food Pantry, Harlem Heritage Tourism and Cultural Center, Baskin-Robbins, FlynnO'Hara Uniforms, Dunkin', Fit Theorem, Blink Fitness, Children's Aid: Milbank Health Center, Tropilyz 116th, Amy Ruth's, Melba's Restaurant, Cantina Taqueria & Tequila Bar, Citizens, and Banfield Pet Hospital, among others. This high-traffic area ensures significant visibility and potential for strong tenant occupancy. The property is located in New York County, New York, with a zip code of 10026. This presents a compelling opportunity for investors seeking a well-positioned property in a dynamic and rapidly developing area.

Property profile

Verified
Property type Specialty properties

Cap rate & NOI

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

Location

71 St Nicholas Ave New York, NY 10026
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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