Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2551A Broadway New York, NY 10025

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2551A Broadway New York, NY 10025

    View on Map
    • Retail properties & Spaces
    • 1,963 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2551A Broadway

    Property size
    1,963 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 1,963-square-foot retail space is available for lease at 2551A Broadway in the vibrant Upper West Side of Manhattan, New York, NY 10025. Located in New York County, this single-tenant property presents a unique opportunity for businesses seeking a prominent location. The entire space is currently vacant, offering immediate occupancy for a new tenant. The property is classified as commercial retail and boasts a total building square footage of 1,963 square feet, providing ample room for a variety of retail ventures. Its strategic location on Broadway ensures high visibility and foot traffic, making it an ideal space for businesses aiming to establish a strong presence in a bustling New York City neighborhood. The property's address is 2551A Broadway, New York, NY 10025. This is a single-tenant occupancy, meaning the entire space is available to a single lessee. The property is ready for immediate lease and offers a blank canvas for a new business to thrive. Interested parties are encouraged to inquire further to explore the possibilities this prime retail location offers. The property's geographic coordinates are latitude 40.7944845 and longitude -73.9722524.

    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
    -73.9723
    Latitude
    40.7945

    Comparable in this City

    • Value Estimation by Request
      700 SF

      904 Columbus Ave

      Individual retail properties • 700 SF
      904 Columbus Ave, New York, NY 10025
      View Details
    • Value Estimation by Request
      275 SF

      2521 Broadway

      Retail properties & Spaces • 275 SF
      2521 Broadway, New York, NY 10025
      View Details
    • Value Estimation by Request
      1,250 SF

      2610 Broadway

      Retail properties & Spaces • 1,250 SF
      2610 Broadway, New York, NY 10025
      View Details
    • Value Estimation by Request
      2,050 SF

      1000 St

      Restaurants • 2,050 SF
      1000 St, New York, NY 10025
      View Details
    • Value Estimation by Request
      1,308 SF

      2485 Broadway

      Retail properties & Spaces • 1,308 SF
      2485 Broadway, New York, NY 10025
      View Details
    • Value Estimation by Request
      5,138 SF

      741 Columbus Ave

      Retail properties & Spaces • 5,138 SF
      741 Columbus Ave, New York, NY 10025
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,635 SF

      Manhattan Valley Mixed-Use Building

      9,634 SF brick building with 16 residential and 1 commercial unit.
      925 Columbus Ave, New York, NY 10025
      View Details
    • Contact for pricing
      8,292 SF

      Upper West Side Mixed-Use Building

      Manhattan mixed-use building with vacant storefront and apartments.
      973 Amsterdam Ave, New York, NY 10025
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Corner Restaurant Space Available

      Restaurant space with venting, gas, and basement in place.
      794-796 Amsterdam Ave, New York, NY 10025
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in New York City.
      2521 Broadway, New York, NY 10025
      View Details
    • Contact for pricing
      250 SF

      Columbus Avenue Retail Space Available

      Retail space in high foot traffic, dense residential neighborhood.
      946 Columbus Ave, New York, NY 10025
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Columbus Village

      Retail space available within a large retail development.
      741-751 Columbus Ave, New York, NY 10025
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space on Broadway

      Prime retail space available in New York, NY.
      2481 Broadway, New York, NY 10025
      View Details
    • Contact for pricing

      Retail Space on Broadway

      800 SF retail space suitable for various businesses.
      2644 Broadway, New York, NY 10025
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2551A Broadway
    New York, NY 10025
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    2551A Broadway, New York, NY, 10025

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!