Property profile

108 Sherman Ave New York, NY 10034

OFF-MARKET
Retail properties & Spaces
7,500 SF
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 7,500 square foot retail building located at 108 Sherman Avenue in the vibrant Uptown Manhattan neighborhood of New York, NY 10034. The single-story building sits on a 7,500 square foot lot and boasts impressive 11-15 foot ceilings, providing ample space for a variety of retail uses. This property is being sold as a package deal with 110 Sherman Avenue, comprising a single tax lot with two buildings totaling 7,500 square feet. The combined lot size is substantial, offering significant potential for future development. The high-traffic location ensures excellent visibility and accessibility for businesses. This property is ideally suited for investors seeking a strong income stream or developers looking to capitalize on the R7-2 zoning designation, allowing for a 30,000 square foot mixed-use development incorporating commercial and residential components. The strategic location and development potential make this a rare and compelling opportunity in a highly sought-after area of Manhattan. Don't miss this chance to acquire a significant piece of Uptown Manhattan real estate. The asking price for this package deal is $6,800,000.

Property profile

Verified
Property type Retail properties & Spaces
Total area 7,500 SF

Cap rate & NOI

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

Location

108 Sherman Ave New York, NY 10034
New York metro
Google Maps

Value estimations

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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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