1992 3Rd AveNew York, NY 10029

Property Details for 1992 3Rd Ave

Year built

2015

Lot size

0.04 AC

Property size (Sq ft)

13,269 SF

Zone code

R9

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

01637-0036

APU

16370036

Description

This exceptional 2,500-square-foot creative office space, located at 1992 3rd Avenue in East Harlem, New York, NY 10029, presents a unique opportunity for businesses seeking a vibrant and convenient location. Situated between East 109th and 110th Streets, this single-tenant property is part of a nine-story building constructed in 2015. The space boasts a modern storefront and comprises 1,500 square feet on the ground floor and an additional 1,000 square feet in a spacious lower level, accessible from the interior. The property features brand-new HVAC, plumbing, and electrical systems, ensuring optimal functionality and comfort. Immediate possession is available. This high-traffic area on 3rd Avenue offers unparalleled visibility and accessibility, surrounded by a diverse range of established businesses including Dunkin', Citi Bank, Chase, UPS Store, Wendy's, McDonald's, Little Caesars, Starbucks, a grocery store, KFC, Burger King, 7-Eleven, Boost Mobile, and a NYC Fresh Market. Convenient access to the 4, 5, 6, and Q subway lines further enhances its appeal. This is an ideal space for businesses seeking a modern, well-equipped, and highly visible location in a thriving Manhattan neighborhood. The total building size is 13,269 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $2,720,265

  6.5%

  $2,511,014

  7%

  $2,331,656

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,687,278

  Geo Method

  $2,687,278

• Alternative Use

  Use

  Valuation

  Residential

  $2,511,014

  Hospitality

  $2,300,075

  Educational

  $1,913,636

  Medical

  $1,979,448

  Retail

  $2,976,766

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7939

Longitude

-73.9434

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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