Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2191-2199 Broadway New York Ny 10024-6611 New York, NY 10024
    Property profile & analytics

    2191-2199 Broadway New York Ny 10024-6611 New York, NY 10024

    View on Map
    • Retail properties & Spaces
    • 45,976 SF
    • 0.26 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2191-2199 Broadway New York Ny 10024-6611

    Year built
    1924
    Lot size
    0.26 lot acres
    Property size
    45,976 SF
    Property type
    Retail properties & Spaces
    Property subtype
    High-rise multifamily apartments

    Description

    This exceptional opportunity presents two retail spaces available for lease at 2193 and 2195 Broadway, situated between West 77th and West 78th Streets on the vibrant west side. Each space offers approximately 1,200 rentable square feet, featuring brand new storefronts. Located in a five-story building (45,976 total square feet) with 57 suites, this property boasts a prime location within a bustling commercial and multi-family environment. Built in 1924 and renovated in 1987, the building is zoned C4-6A. The property sits on a 0.26-acre lot in New York County. 2193 Broadway is specifically vented for food service, making it ideal for restaurants or food-related businesses. There is no key money required. All uses are considered for both spaces. The asking rent for each space is $16,000 per month. This is a rare chance to secure a highly desirable retail location in one of New York City's most sought-after neighborhoods.

    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
    -73.9809
    Latitude
    40.7831

    Comparable in this City

    • Value Estimation
      $8,940,000
      288,631 SF

      424 End Ave, Unit 438

      HIGH-RISE APARTMENTS • 288,631 SF
      424 End Ave, New York, NY 10024-5760
      View Details
    • Value Estimation by Request
      28,186 SF

      214 80Th St

      Land • 28,186 SF
      214 80Th St, New York, NY 10024
      View Details
    • Value Estimation
      $2,460,000
      136,843 SF

      570 End Ave, Unit 578

      APARTMENT HOUSE (5+ UNITS) • 136,843 SF
      570 End Ave, New York, NY 10024-2746
      View Details
    • Value Estimation
      $9,505,000
      38,016 SF

      324-326 84th St

      APARTMENT HOUSE (5+ UNITS) • 38,016 SF
      324-326 84th St, New York, NY 10024
      View Details
    • Value Estimation by Request
      392,411 SF

      109 90th St, Unit 117

      APARTMENT HOUSE (5+ UNITS) • 392,411 SF
      109 90th St, New York, NY 10024-1254
      View Details
    • Value Estimation
      $2,415,000
      114,696 SF

      120-128 79th St

      APARTMENT HOUSE (5+ UNITS) • 114,696 SF
      120-128 79th St, New York, NY 10024
      View Details

    Similar Nearby for Lease

    • $288 SF/Yr
      500 SF

      Upper West Side Retail Space

      Prime 500 SF Retail, Upper West Side
      87th West St, New York, NY 10024
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in New York, NY.
      2322 Broadway, New York, NY 10024
      View Details
    • Contact for pricing

      Retail Space Near Central Park

      Retail and restaurant space available near Central Park West.
      50 W 77Th St, New York, NY 10024
      View Details
    • Contact for pricing
      1,212 SF

      Seaport Retail Space Available

      Prime retail space in a vibrant, high-traffic area.
      89Th St S, New York, NY 10024
      View Details
    • Contact for pricing
      14,242 SF

      Retail Space in New York

      Retail property available for lease in New York, NY.
      125 E 86Th St, New York, NY 10024
      View Details
    • $280 SF/Yr
      200 SF

      Prime Broadway Retail Space

      Upscale Upper West Side Salon Space
      0 Retail, New York, NY 10024
      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.
    2191-2199 Broadway New York Ny 10024-6611
    New York, NY 10024
    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
    2191-2199 Broadway New York Ny 10024-6611, New York, NY, 10024
    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!