213 Madison StNew York, NY 10002
- Retail properties
- 2,314 SF
Property Details for 213 Madison St
- Year built
- 1957
- Lot size
- 0.06 AC
- Property size (Sq ft)
- 2,314 SF
- Zone code
- R7-2
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 00271-0040
- APU
- 2710040
Description
This exceptional retail property, located at 213 Madison Street in New York, NY 10002, between Rutgers and Jefferson Streets, offers a total of 4,694 square feet of commercial space. Currently, the entire space is vacant and available for lease. The property is ideally suited for multiple tenants, with a minimum divisible space of 2,347 square feet and a maximum contiguous space of 2,347 square feet. This presents a unique opportunity for businesses seeking a prominent location in a vibrant New York City neighborhood. The address, 213 Madison Street, provides excellent street visibility and accessibility for customers. The property's location between Rutgers and Jefferson Streets places it within easy reach of significant foot traffic and public transportation. The building's 4,694 square feet offers ample space for a variety of retail concepts, allowing for flexible layouts to accommodate individual tenant needs. This is a rare opportunity to secure a substantial retail presence in a highly desirable area of Manhattan. The property's size and layout make it suitable for a single large tenant or multiple smaller businesses. Interested parties are encouraged to inquire for further details and leasing options. The property is ready for immediate occupancy. This prime retail space offers a compelling investment opportunity in a thriving New York City market.
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $562,383
- 6.5%
- $519,123
- 7%
- $482,042
-
Comparable approach
- Method
- Valuation
- Relative Method
- $761,915
- Geo Method
- $761,915
-
Alternative Use
- Use
- Valuation
- Residential
- $437,899
- Hospitality
- $401,113
- Educational
- $333,722
- Medical
- $345,199
- Retail
- $519,123
Location Insight
- City
- New York
- County
- New York
- State
- New York
- Latitude
- 40.713
- Longitude
- -73.9892
- 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
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