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    170Th St New York, NY 10032

    • Warehouses
    For Lease
    View listing
    $20 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 0 170Th St

    Property type
    Warehouses
    Property subtype
    Specialty properties

    Description

    This exceptional 1,200-square-foot storage space is ideally situated on West 170th Street in the vibrant Washington Heights neighborhood of New York City, NY 10032. The property is a single-tenant space, perfect for businesses requiring ample storage solutions. Access is provided via a cellar door. The space is currently available for immediate occupancy, offering a flexible lease term negotiable with the landlord. The monthly rent is $2,000, translating to $20 per square foot. The property is offered in as-is condition

    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
    Saratoga
    State
    New York
    Longitude
    -73.9384
    Latitude
    40.8422

    Comparable in this City

    • Value Estimation by Request
      2,000 SF

      560 171st St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,000 SF
      560 171st St, New York, NY 10032-3335
      View Details
    • Value Estimation by Request
      21,595 SF

      454 155th St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 21,595 SF
      454 155th St, New York, NY 10032-6303
      View Details
    • Value Estimation
      $6,690,000
      24,714 SF

      659 158th St, Unit 665

      WAREHOUSE, STORAGE • 24,714 SF
      659 158th St, New York, NY 10032-7119
      View Details
    • Value Estimation by Request
      24,345 SF

      3755 Broadway

      COLLEGE, UNIVERSITY, VOC SCHOOL • 24,345 SF
      3755 Broadway, New York, NY 10032-1560
      View Details
    • Value Estimation by Request
      1,085 SF

      456 167th St, Unit 1MB

      LIGHT INDUSTRIAL • 1,085 SF
      456 167th St, New York, NY 10032-4437
      View Details
    • Value Estimation
      $1,305,000
      9,315 SF

      446 167th Stcf

      LIGHT INDUSTRIAL • 9,315 SF
      446 167th Stcf, New York, NY 10032-4312
      View Details

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    Similar Nearby for Lease

    • $20 SF/Yr
      1,200 SF

      West 170th Street Storage Space

      1,200 sq ft NYC Storage, Immediate Occupancy
      0 170Th St, New York, NY 10032
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    • $3,000 /Mo
      1,000 SF

      Manhattan Warehouse Space Available

      1000 sqft storage space in Upper Manhattan.
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      New York Office/Medical/Daycare Space

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      Retail Space with Basement

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      3,500 SF

      Prime Office Space for Rent

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      2,100 SF

      Configurable Office Space Available

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    170Th St
    New York, NY 10032
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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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