486 BroadwayNew York, NY 10013
- Office properties
- 30,031 SF
Property Details for 486 Broadway
- Year built
- 1900
- Lot size
- 0.11 AC
- Property size (Sq ft)
- 30,031 SF
- Zone code
- M15R9X
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 00473-0014
- APU
- 4730014
Description
This exceptional retail center, located at 486 Broadway in New York, NY 10013, offers 7,335 square feet of completely vacant space, perfect for a variety of retail uses. The property is situated in New York County and presents a unique opportunity for businesses seeking high-visibility locations in a bustling area. The space is divisible, with a minimum leasable area of 1,600 square feet and a maximum contiguous space of 2,060 square feet, providing flexibility for different business needs and expansion plans. This allows for multiple tenants or a single large occupant. The entire 7,335 square feet is currently available for lease, presenting a rare chance to secure a significant presence on Broadway. The property's address, 486 Broadway, places it within a vibrant commercial district, offering excellent foot traffic and high visibility. This makes it an ideal location for businesses seeking maximum exposure to potential customers. The property's classification as a retail center suggests amenities and features suitable for retail operations. Interested parties are encouraged to explore this exceptional opportunity to establish or expand their business in a prime New York City location. The property is easily accessible given its location in New York County and its proximity to major transportation routes.
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,965,022
- 6.5%
- $4,583,096
- 7%
- $4,255,732
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,923,850
- Geo Method
- $3,923,850
-
Alternative Use
- Use
- Valuation
- Residential
- $5,683,040
- Hospitality
- $5,205,634
- Educational
- $4,331,026
- Medical
- $4,479,977
- Retail
- $6,737,152
Location Insight
- City
- New York
- County
- New York
- State
- New York
- Latitude
- 40.7215
- Longitude
- -73.9997
- 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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