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72 Forsyth St New York, NY 10002-5136

Retail residential properties Google Maps
10,060 SF 0.06 ac lot Built 1900
Entity Owned 6-yr Hold ~ Est. High Equity
Estimated value (blended)
$705k
Range $635k – $776k (±10%)
Property ID US63-1633272

Property summary

AI-generated overview

This exceptional 702-square-foot retail space is ideally situated at 72 Forsyth Street in New York County. Currently vacant and ready for immediate occupancy, this single-tenant property presents a fantastic opportunity for a variety of businesses. The space boasts a flexible layout, perfect for customization to suit your specific needs and brand identity. Its prime location offers high visibility and foot traffic, ensuring maximum exposure for your business. The property is classified as commercial retail, making it suitable for a wide range of retail ventures. The building's total square footage mirrors the available space, indicating a dedicated, self-contained unit. This presents a unique chance to establish a strong presence in a vibrant and bustling area of New York City. The property's single-tenant occupancy eliminates the complexities of multi-tenant management, allowing for streamlined operations and focused business development. Serious inquiries are encouraged to explore the potential of this exceptional retail opportunity. The property is available for lease and offers a blank canvas for your business vision. Don't miss this chance to secure a prime retail location in a dynamic and thriving neighborhood. Contact us today to schedule a viewing and discuss your business plans. This is a rare opportunity to establish a successful retail presence in a high-demand area.

Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1900
Total area 10,060 SF
Lot 0.06 ac (2,510 SF)
Zoning code C61G
APN 00306-0006
UPID US63-1633272

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
  • Park

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$695k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$705k

Owner & transaction history

since 2020
Last sale
$772,688
7 recorded transactions
2020
Price N/A
2017
Price N/A
2016
Price N/A
2016
$772,688
2015
$24.4M
2015
Price N/A
2014
Price N/A

Zoning & alternative use

C61G · 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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