27 72nd Stb, New York, NY 10023-3498
This exceptional 10,000-square-foot retail condominium at 27 West 72nd Street in New York City presents a unique investment opportunity. The property is a vacant, two-story space ideally suited for a variety of uses, including quick-service restaurants, full-service restaurants, or other retail storefronts. Key features include 14-foot vaulted ceilings, creating an impressive and spacious interior. The space is fully vented, making it perfectly equipped for restaurant operations. There are no use restrictions, offering flexibility for potential tenants. The building boasts convenient access points on both 72nd and 73rd Streets. This prime location on the Upper West Side benefits from exceptional foot traffic, proximity to Central Park (attracting 37.5 million visitors annually), and excellent public transportation access via the C, B, 1, 2, and 3 subway lines. The surrounding neighborhood boasts a high median household income of $123,000, ensuring a strong potential customer base. The property is available for immediate occupancy, allowing for a swift start to operations. This is a value-add investment opportunity in a highly desirable location with significant upside potential.
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Kantor Stuart PHD Physician Medical Clinic
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Morgenstern Maria MD Physician
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Deutscher Lisa MD Physician
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Luria D Msw Physician
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Dr. Harry Ramos Pediatrician Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
NZS · New York, NYNew York. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.