5 111Th St New York, NY 10029
This exceptional 1,838-square-foot retail space is ideally situated at 5 East 111th Street in the vibrant East Harlem neighborhood of New York City, New York County. The property is a single-tenant space, currently vacant and ready for immediate occupancy. Its location offers significant potential for a variety of retail businesses, capitalizing on the area's growing population and commercial activity. The building's total square footage mirrors the available vacant space, presenting a unique opportunity for a business seeking a prominent presence in a bustling urban setting. The property is classified as commercial retail and is available for sale. The address is easily accessible, with excellent visibility and foot traffic. This presents a rare chance to acquire a fully vacant, sizable retail space in a rapidly developing area of Manhattan. The property's size and location make it suitable for a wide range of retail concepts, from boutiques and cafes to specialty stores and service providers. With its strategic location and significant square footage, this property offers a compelling investment opportunity for discerning buyers seeking a strong foothold in the New York City market. The zip code is 10029. The property is located at latitude 40.7975899 and longitude -73.9482067. This is a single-tenant property.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.