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    FOR LEASE
    Manufacturing properties

    508 E 117Th St, New York, NY 10035

    5,634 SF 0.06 ac lot Built 1930
    Entity Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US63-5910461
    Property summary
    AI-generated overview

    This exceptional 2,250 square-foot creative office space is ideally situated near East River Plaza in Harlem. Perfect for businesses seeking a flexible and functional environment, this single-tenant property offers a unique blend of private and shared work areas. The layout includes two private rooms, ideal for individual offices or consultation spaces, providing privacy and quiet work areas. A shared room offers an open-plan space perfect for collaborative work or meetings. A convenient back room, equipped with sinks, is adaptable for use as a break room, kitchenette, or prep area, depending on the tenant's needs. Two bathrooms and a shower add to the convenience and comfort of the space. This mixed-use property is suitable for a variety of businesses, from professional offices to creative studios. Its prime location near East River Plaza ensures high visibility and accessibility within a vibrant and growing neighborhood, offering significant foot traffic and easy access for clients and employees. This is a rare opportunity to secure a well-appointed space in a dynamic and thriving area of Harlem. The property's versatility and convenient amenities make it an attractive option for businesses seeking a functional and inspiring workspace.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1930
    Total area 5,634 SF
    Lot 0.06 ac (2,523 SF)
    Zoning code C4-4
    APN 01715-0047
    UPID US63-5910461
    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
    • Lighthouse Fish Market Restaurant
    • Judith Pond Kudlow Artist
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $486k
    Blend (final) Blend
    $685k
    Owner & transaction history
    508 East 117 LLC|gpnz 117 LLC · 11 yrs held
    508 East 117 LLC|gpnz 117 LLC
    since 2015
    1 recorded transaction
    2015
    $6.3M
    Zoning & alternative use
    C4-4 · New York, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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