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    50 W 77Th St New York, NY 10024

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    50 W 77Th St New York, NY 10024

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    • Retail residential properties
    • 113,309 SF
    • 0.23 lot acres
    For Lease
    $1,945,000
    View Listing →
    Retail Space Near Central Park For Lease
    $1,945,000

    Retail Space Near Central Park

    Retail and restaurant space available near Central Park West.

    50 W 77th St, New York, NY 10024
    View Listing
    Property ID
    US63-2299334
    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

    • Mount Sinai West OBGYN - Outpatient / Hospital
    • Miller Dennis MD / Physician
    • Westcare Medical Associates Pediatrics / Medical Clinic
    • Parc 77 Apartments / Apartment Complex / Apartment Building
    • Marjorie Joseph, MD / Pediatrician / Medical Clinic

    Property Details for 50 W 77Th St

    Year built
    1903
    Lot size
    0.23 lot acres
    Property size
    113,309 SF
    Zone code
    R10A
    Property type
    Retail residential properties
    APN
    01129-0059
    APU
    11290059

    Description

    This exceptional 6,400-square-foot retail space is available for lease at 50 West 77th Street in New York City's vibrant Upper West Side. Located in New York County, this single-tenant property offers a unique opportunity for businesses seeking a prominent location. The entire 6,400 square feet is currently vacant, providing a blank canvas for a discerning tenant to create their ideal retail environment. The property's address, 50 West 77th Street, places it within a bustling neighborhood known for its high foot traffic and diverse clientele. The zip code is 10024. This presents a significant advantage for businesses aiming to establish a strong presence in a densely populated area with high visibility. The property type is classified as retail commercial. The building's size and layout offer considerable flexibility for various retail concepts, from flagship stores to boutique shops. This is a single-tenancy space, providing exclusive use and control over the entire premises. The property's location offers excellent accessibility for customers and employees alike, with convenient access to public transportation and major thoroughfares. This is an unparalleled opportunity to secure a prime retail location in one of Manhattan's most desirable neighborhoods. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative 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
    -73.9761
    Latitude
    40.7802
    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
    $1,852,303
    $2,875,950
    $11,940,100
    $14,816,050
    -
    $6,391,000
    $26,890,000
    $33,281,000

    Comparable in this City

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      $7,120,000
      15,535 SF

      173 81st St

      STORES & APARTMENTS • 15,535 SF
      173 81st St, New York, NY 10024-7227
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    • Value Estimation
      $755,000
      92,065 SF

      40 86th St

      STORES & APARTMENTS • 92,065 SF
      40 86th St, New York, NY 10024-3605
      View Details
    • Value Estimation
      $740,000
      70,144 SF

      51 86th St

      STORES & APARTMENTS • 70,144 SF
      51 86th St, New York, NY 10024-3613
      View Details
    • Value Estimation
      $1,225,000
      103,112 SF

      20 86th St

      STORES & APARTMENTS • 103,112 SF
      20 86th St, New York, NY 10024-3604
      View Details
    • Value Estimation
      $1,020,000
      116,021 SF

      5 86th St, Unit 11

      STORES & APARTMENTS • 116,021 SF
      5 86th St, New York, NY 10024-3603
      View Details
    • Value Estimation
      $1,775,000
      9,672 SF

      44 87th St

      STORES & APARTMENTS • 9,672 SF
      44 87th St, New York, NY 10024-3504
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space at Broadway Corner

      Retail space available at the southeast corner of West 82nd.
      2274-2276 Broadway, New York, NY 10024
      View Details
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      Retail Space Near Central Park

      Retail and restaurant space available near Central Park West.
      50 W 77Th St, New York, NY 10024
      View Details
    • Contact for pricing

      West 86th Street Retail Space

      2,100 SF retail, gallery, or medical space for rent.
      W 86Th St, New York, NY 10024
      View Details
    • Contact for pricing

      West 86th Street Corner Location

      Corner property located at West 86th Street and Central Park.
      2 W 86Th St, New York, NY 10024
      View Details
    • Contact for pricing
      7,000 SF

      Retail Space with High Ceilings

      Retail space featuring high ceilings on ground floor and lower levels.
      250 E 83Rd St, New York, NY 10024
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      800 SF

      Turnkey Retail Space Near Subway

      Retail space in white-box condition near the Q-line subway.
      340 E 86Th St, New York, NY 10024
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    View Listing
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    New York, NY 10024
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    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
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