1277 3Rd AveNew York, NY 10021
- Mixed-use properties
- 8,600 SF
Property Details for 1277 3Rd Ave
- Year built
- 1910
- Lot size
- 0.05 AC
- Property size (Sq ft)
- 8,600 SF
- Zone code
- C1-9
- Property type
- Mixed-use properties
- Property subtype
- Retail residential properties
- APN
- 01428-0004
- APU
- 14280004
Description
This exceptional retail property, located at 1277 3rd Avenue in New York, NY 10021, offers two available spaces ideal for a variety of commercial uses. Situated in New York County, this property boasts a total building area of 2,836 square feet, currently entirely vacant and ready for immediate occupancy. Each space is independently leasable, with a minimum divisible size of 1,159 square feet and a maximum contiguous space of 1,677 square feet. This presents a unique opportunity for businesses seeking flexible space options in a vibrant Manhattan location. The property's address is easily accessible and benefits from high foot traffic and excellent visibility, making it an attractive location for retailers seeking strong brand exposure. The building is classified as a multi-tenant commercial property, providing a diverse and dynamic environment. This is a rare chance to secure a prominent retail presence in a highly sought-after area of New York City. The property is currently listed for lease and offers immediate occupancy. Interested parties are encouraged to inquire for further details and leasing options. The property's precise location is 40.7700703 latitude and -73.9580246 longitude.
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,763,078
- 6.5%
- $1,627,456
- 7%
- $1,511,210
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,741,698
- Geo Method
- $1,741,698
-
Alternative Use
- Use
- Valuation
- Residential
- $1,627,456
- Hospitality
- $1,490,741
- Educational
- $1,240,279
- Medical
- $1,282,934
- Retail
- $1,929,323
Location Insight
- City
- New York
- County
- New York
- State
- New York
- Latitude
- 40.7706
- Longitude
- -73.9596
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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