112 4Th AveNew York, NY 10003

Property Details for 112 4Th Ave

Year built

1900

Lot size

0.07 AC

Property size (Sq ft)

13,969 SF

Zone code

C6-1

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

00557-0025

APU

5570025

Description

This exceptional retail opportunity is located at 112 4th Avenue in New York City's vibrant New York County (zip code 10003). The property offers a total of 4,948 square feet of commercial space, currently entirely vacant and available for lease. This presents a unique chance for multiple businesses to establish themselves in a high-traffic area. The flexible layout allows for various configurations, with individual units ranging from a minimum of 1,048 square feet to a maximum contiguous space of 2,400 square feet. This adaptability makes it ideal for a variety of retail concepts, from smaller boutiques to larger flagship stores. The building's location in New York City ensures high visibility and foot traffic, providing excellent potential for attracting customers. The property is classified as a multi-tenant retail building, offering a diverse and dynamic environment. With its strategic location and ample space, this property represents a compelling investment opportunity for businesses seeking a prominent presence in one of New York City's most dynamic neighborhoods. The entire 4,948 square feet is available for lease, providing significant potential for a single tenant or multiple tenants. Interested parties are encouraged to inquire about lease terms and conditions.

• CAP approach

  CAP return

  Valuation

  6%

  $2,863,771

  6.5%

  $2,643,481

  7%

  $2,454,661

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,829,044

  Geo Method

  $2,829,044

• Alternative Use

  Use

  Valuation

  Residential

  $2,643,481

  Hospitality

  $2,421,414

  Educational

  $2,014,588

  Medical

  $2,083,873

  Retail

  $3,133,804

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7326

Longitude

-73.9905

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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