212 124Th St New York, NY 10027
- Retail residential properties
- 129,955 SF
- 0.34 lot acres
Current Use by Public Records
- Retail residential properties
Property Details for 212 124Th St
- Year built
- 2021
- Lot size
- 0.34 lot acres
- Property size
- 129,955 SF
- Zone code
- R8
- Property type
- Retail residential properties
- APN
- 01929-0158
- APU
- 19290158
Description
This exceptional 4,350-square-foot retail space is ideally situated at 212 West 124th Street in the vibrant Harlem neighborhood of New York City, New York County. The property offers a single-tenant occupancy opportunity, presenting a blank canvas for a discerning business owner. The entire space, totaling 4,350 square feet, is currently vacant and ready for immediate occupancy. This presents a unique chance to establish a flagship location in a bustling area known for its rich history, diverse population, and growing commercial activity. The property's address, 212 West 124th Street, places it within easy reach of a significant pedestrian and vehicular traffic flow, ensuring high visibility and accessibility for your business. The zip code is 10027. This location offers unparalleled potential for a variety of retail concepts, from boutiques and restaurants to service-based businesses. The property's size allows for flexible layout options to accommodate diverse business needs. This is a rare opportunity to secure a substantial retail space in a highly desirable and rapidly developing area of Manhattan. The property is classified as retail and is available for lease. The geographic coordinates are latitude 40.8084577 and longitude -73.949497.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,170,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $7,045,000
- 6.5%
- $6,515,000
- 7%
- $5,785,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $7,000,000
- Geo Method
- $6,475,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,665,000
- Retail
- $6,185,000
- Mixed-Use
- $7,375,000
- Hospitality
- $6,985,000
- Educational
- $7,400,000
- Residential Income
- $7,270,000
- Energy
- $6,725,000
- Income-Based Land
- $6,795,000
- Food Service
- $6,260,000
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9498
- Latitude
- 40.8084
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
