Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    565 207th St New York, NY 10034-2670

    • Retail space
    • 10,000 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Jun 27, 2022
    Value Estimations
    $9,245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3397730
    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.

    Current Use by Public Records

    • Monaco NYC / Night Club
    • V.I.M. / Clothing Store / Children'S Clothing Store
    • Hitech Heating and Cooling Services NYC. / Hvac Contractor
    • Crazy Hot Deals / General Store
    • Western Union / Money Transfer Service / Money Order Service

    Property Details for 565 207th St

    Year built
    1925
    Lot size
    0.23 lot acres
    Property size
    10,000 SF
    Zone code
    R7-2
    Property type
    Retail space
    APN
    02227-0033
    APU
    22270033

    Description

    This exceptional 10,000 square foot retail property, located at 565 W 207th St in the vibrant Inwood submarket of Upper Manhattan (zip code 10034), presents a unique investment opportunity. Currently configured as a single-tenant space, the property offers a minimum divisible space of 2,000 square feet, with a maximum contiguous space also at 2,000 square feet. The building is classified as Class B and features a single story. The property is zoned R7-2, C2-4, and IN, allowing for a variety of potential uses. The existing space is a fully equipped restaurant, representing a turnkey solution for a new operator or a chance to reposition the space for another retail concept. The 2,000 square feet of vacant space provides immediate occupancy potential. This location in Inwood offers high visibility and accessibility, making it an ideal space for a thriving business. The property's size and zoning flexibility make it suitable for a range of retail ventures. Serious inquiries are encouraged to explore the potential of this prime Upper Manhattan retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $13,150,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.92
    Latitude
    40.8664
    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
    $134,754
    $332,550
    $939,670
    $1,272,220
    -
    $739,000
    $2,544,000
    $3,283,000

    Comparable in this City

    • Value Estimation
      $14,825,000
      15,000 SF

      582-584 207th St

      RETAIL STORES (PERSONAL SERVICES) • 15,000 SF
      582-584 207th St, New York, NY 10034
      View Details
    • Value Estimation
      $5,000,000
      13,079 SF

      546 207th Stcomm

      RETAIL STORES (PERSONAL SERVICES) • 13,079 SF
      546 207th Stcomm, New York, NY 10034-2611
      View Details
    • Value Estimation
      $5,040,000
      3,950 SF

      600-602 207th St

      RETAIL STORES (PERSONAL SERVICES) • 3,950 SF
      600-602 207th St, New York, NY 10034
      View Details
    • Value Estimation
      $8,210,000
      10,000 SF

      143 Sherman Ave, Unit 149

      RETAIL STORES (PERSONAL SERVICES) • 10,000 SF
      143 Sherman Ave, New York, NY 10034-4604
      View Details
    • Value Estimation
      $2,970,000
      2,500 SF

      89 Cooper St

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      89 Cooper St, New York, NY 10034-2323
      View Details
    • Value Estimation
      $1,935,000
      2,500 SF

      129-131 Post Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      129-131 Post Ave, New York, NY 10034
      View Details

    Similar Nearby for Sale

    • $6,800,000
      7,500 SF

      Prime Uptown Manhattan Retail Space

      7,500 SF Retail Building, High Traffic Area
      108 Sherman Ave, New York, NY 10034
      View Details
    • $599,000

      Residential Property in New York

      Residential property for sale in New York, NY 10034.
      57 Park Ter E B75, New York, NY 10034
      View Details
    • $229,000

      Riverside Drive Apartment for Sale

      Apartment located on Riverside Drive, New York.
      1793 Riverside Dr, New York, NY 10034
      View Details
    • $499,000

      Residential Income Property For Sale

      Residential income property available for purchase.
      579 West St, New York, NY 10034
      View Details
    • $499,000

      Residential Income Property For Sale

      Residential income property available for purchase.
      579 W 215Th St, New York, NY 10034
      View Details
    • $575,000

      Park Terrace East Apartment Building

      Apartment building for sale in New York, NY.
      65 Park Ter East C75, New York, NY 10034
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      425 SF

      Renovated Retail Space Near 1 Train

      Turnkey retail space in a high-traffic area, food use OK.
      3854 10Th Ave, New York, NY 10034
      View Details
    • Contact for pricing
      3,000 SF

      Inwood Retail/Office Space Available

      Prime retail or office space in Inwood, New York.
      515 W 207Th St, New York, NY 10034
      View Details
    • Contact for pricing
      16,400 SF

      Retail Space Near Subway Train

      Retail space near subway, bus stop, with on-site parking.
      410 West 207Th St, New York, NY 10034
      View Details
    • Contact for pricing
      2,000 SF

      Inwood Retail Space For Rent

      Retail space in high-traffic Inwood location near A & 1 trains.
      4799-4801 Broadway, New York, NY 10034
      View Details
    • Contact for pricing
      1,200 SF

      Inwood Retail Space For Rent

      Retail space in high-traffic Inwood location near A & 1 trains.
      4768-4776 Broadway, New York, NY 10034
      View Details
    • Contact for pricing
      1,200 SF

      Prime Inwood Retail Space

      High-traffic retail space in a vibrant commercial corridor.
      136-150 Dyckman St, New York, NY 10034
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    565 207th St
    New York, NY 10034-2670
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.