257 17Th StNew York, NY 10011

Property Details for 257 17Th St

Property size (Sq ft)

6,997 SF

Zone code

C62A

Property type

Retail properties

Property subtype

Retail space

APN

00767-1101

APU

7671101

Description

This exceptional 12,231-square-foot retail condominium, located at 257 West 17th Street in New York, NY 10011, presents a unique investment opportunity. The property, a vacant Class B building constructed in 1907 and renovated in 1988, features a multi-tenant configuration across 31 units within a single 10-story building. The space boasts a substantial ground floor of 6,993 square feet and a lower level of 5,238 square feet, offering ample room for a variety of uses. With 110 feet of frontage along West 17th Street, this property offers excellent street visibility and accessibility. High ceilings add to the appeal – 16 feet on the ground floor and 12 feet on the lower level. The property benefits from existing infrastructure, including a fully built-out fitness facility and black iron venting, remnants from its previous use as a fitness center (Brick NYC) and grocery store (D'Agostino). The permitted uses are extensive, encompassing a wide range of retail options under the New York City Zoning Resolution, including but not limited to drug stores, food stores, hardware stores, package and liquor stores, clothing stores, offices, antique stores, florist shops, pet shops, record stores, shoe stores, and toy stores. This versatile space is ideal for a discerning investor seeking a prominent location in a vibrant New York City neighborhood. The property is offered for sale by owner.

• CAP approach

  CAP return

  Valuation

  6%

  $1,700,515

  6.5%

  $1,569,706

  7%

  $1,457,584

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,303,854

  Geo Method

  $2,303,854

• Alternative Use

  Use

  Valuation

  Residential

  $1,324,106

  Hospitality

  $1,212,874

  Educational

  $1,009,097

  Medical

  $1,043,801

  Retail

  $1,569,706

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7416

Longitude

-74.0003

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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