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    Property profile & analytics
    OFF-MARKET Estimated value $1,475,000
    Parking lots & garages

    27 72nd Stb, New York, NY 10023-3498

    5,496 SF 0.41 ac lot Built 1924
    Entity Owned 16-yr Hold Free & Clear
    Property ID
    US63-3958383
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Kantor Stuart PHD Physician Medical Clinic
    • Morgenstern Maria MD Physician
    • Deutscher Lisa MD Physician
    • Luria D Msw Physician
    • Dr. Harry Ramos Pediatrician Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.48M
    Owner & transaction history
    Mda West 72 LLC · 16 yrs held
    Mda West 72 LLC
    since 2010
    1 recorded transaction
    2010
    $400,000
    Zoning & alternative use
    NZS · New York, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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