Property profile

508 E 117Th St New York, NY 10035

FOR LEASE
Manufacturing properties
Property ID
US63-5910461
5,634 SF 0.06 ac lot Built 1930
Entity Owned 11-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Restaurant
  • Artist

Location

508 E 117Th St New York, NY 10035
New York metro Census 17800 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$486k
Blend (final) Blend
$305k

Owner & transaction history

since 2015
1 recorded transaction
2015
$6.3M

Zoning & alternative use

C4-4 · 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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More about this property
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