Property profile

27 72nd Stb New York, NY 10023

OFF-MARKET
Parking lots & garages
Property ID
US63-3958383
5,496 SF 0.41 ac lot Built 1924
Entity Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1924
Total area 5,496 SF
Lot 0.41 ac (17,880 SF)
Zoning code NZS
APN 01125-1202
UPID US63-3958383

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Physician
  • Physician
  • Physician
  • Pediatrician Physician

Location

27 72nd Stb New York, NY 10023-3498
New York metro Census 15700 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2010
1 recorded transaction
2010
$400,000

Zoning & alternative use

NZS · New York, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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