Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    171 E 122Nd St New York, NY 10035
    Back to Search
    Property profile & analytics

    171 E 122Nd St New York, NY 10035

    View on Map
    • Retail residential properties
    • 3,785 SF
    • 0.12 lot acres
    For Lease
    $13,000/Mo
    View Listing →
    Adaptable Office Space Available For Lease
    $13,000/Mo
    2,000 SF

    Adaptable Office Space Available

    Office space with 24/7 access and tenant-controlled HVAC.

    171 E 122nd St, New York, NY
    View Listing
    Property ID
    US63-3145417
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Worth / Social Service Agency / Charitable Organization
    • New York Best Electricians / Electrical Service / General Contractor

    Property Details for 171 E 122Nd St

    Year built
    1950
    Lot size
    0.12 lot acres
    Property size
    3,785 SF
    Zone code
    R7-2
    Property type
    Retail residential properties
    APN
    01771-0128
    APU
    17710128

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,295,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9379
    Latitude
    40.8023
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $44,823
    $96,750
    $326,430
    $423,180
    -
    $215,000
    $911,000
    $1,126,000

    Comparable in this City

    • Value Estimation by Request
      4,584 SF

      1961 Madison Ave

      STORES & APARTMENTS • 4,584 SF
      1961 Madison Ave, New York, NY 10035-1524
      View Details
    • Value Estimation
      $49,835,000
      368,904 SF

      307-314 117th St

      STORES & APARTMENTS • 368,904 SF
      307-314 117th St, New York, NY 10035
      View Details
    • Value Estimation by Request
      5,000 SF

      226 122nd St

      STORES & APARTMENTS • 5,000 SF
      226 122nd St, New York, NY 10035-2018
      View Details
    • Value Estimation
      $5,865,000
      29,202 SF

      158 122nd St

      STORES & APARTMENTS • 29,202 SF
      158 122nd St, New York, NY 10035-2938
      View Details
    • Value Estimation
      $7,710,000
      41,080 SF

      4 125th St, Unit 12

      STORES & APARTMENTS • 41,080 SF
      4 125th St, New York, NY 10035-1817
      View Details
    • Value Estimation
      $3,695,000
      14,508 SF

      322 117th St

      STORES & APARTMENTS • 14,508 SF
      322 117th St, New York, NY 10035-4909
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,612 SF

      East Harlem Mixed-Use Investment

      Four-unit building with retail, commercial, and residential spaces.
      1873 Lexington Ave, New York, NY 10035
      View Details
    • Contact for pricing
      23,310 SF

      South Harlem Mixed-Use Building

      Six-story building with apartments and retail in vibrant Harlem.
      1469 5Th Ave, New York, NY 10035
      View Details
    • $3,200,000

      East Harlem Mixed-Use Building

      Mixed-use building with retail and residential units in East Harlem.
      2263 2Nd Ave, New York, NY 10035
      View Details
    • $4,850,000

      East Harlem Mixed-Use Building

      Mixed-use building with commercial and residential units in Manhattan.
      1674 Park Avenue, New York, NY 10035
      View Details
    • Contact for pricing

      East Harlem Mixed-Use Development Site

      East Harlem site near subway. Mixed-use development potential.
      2019 Lexington Ave, New York, NY 10035
      View Details
    • $1,250,000
      Pending

      East Harlem Mixed-Use Building

      Multi-use building in East Harlem with residential and commercial units.
      2056 Madison Avenue Brg, New York, NY 10035
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,199 SF

      Mixed-Use Property in Harlem

      Three-level mixed-use property with retail and residential components.
      158 E 126Th St, New York, NY 10035
      View Details
    • Contact for pricing
      7,500 SF

      Versatile Space Near Transportation

      25,000 SF available for lease near transportation.
      220-226 E 117Th St, New York, NY 10035
      View Details
    • Contact for pricing
      1,250 SF

      Office Space in New York

      Office space available for rent in New York, NY.
      178 E 117Th St, New York, NY 10035
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Harlem Corridor

      Retail opportunity in Harlem's premier retail corridor, starting at 700 SF.
      212 E 125Th St, New York, NY 10035
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space with Open Floorplan

      Retail space featuring an open floor plan and high ceilings.
      508 E 117Th St, New York, NY 10035
      View Details
    • Contact for pricing

      Former Wendy's Restaurant Space

      Turnkey QSR space near transportation hub available for lease.
      79 E 125Th St, New York, NY 10035
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    171 E 122Nd St
    New York, NY 10035
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    171 E 122Nd St, New York, NY, 10035
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!