132 125Th StNew York, NY 10027

Property Details for 132 125Th St

Year built

1940

Lot size

0.46 AC

Property size (Sq ft)

121,000 SF

Zone code

C6-3

Property type

Office buildings

APN

01909-0012

APU

19090012

Description

This exceptional 6,027 square foot retail space, located at 132 West 125th Street in New York County, presents a unique investment opportunity. The property is fully built-out and ready for immediate occupancy, featuring a complete HVAC system, fire sprinklers, and restrooms. The space is ideal for a variety of retail or restaurant uses, boasting a prime location less than half a block from the bustling 125th Street 2/3 subway station, ensuring high foot traffic and visibility. This translates to a vibrant, seven-day-a-week customer base. A significant advantage is the inclusion of over 2,500 square feet of storage space, conveniently accessible via a mezzanine area and direct loading access on 124th Street. The property's multiple tenancy designation allows for flexible lease arrangements. The entire space is currently vacant, offering an unparalleled chance to establish a flagship location in a thriving commercial district. This is a rare opportunity to secure a substantial, well-equipped retail space in a high-demand area with excellent transportation access and ample storage. The property's turnkey condition minimizes upfront investment, allowing for a rapid launch of operations. Don't miss this chance to capitalize on the energy and potential of this dynamic Harlem location.

• CAP approach

  CAP return

  Valuation

  6%

  $20,004,914

  6.5%

  $18,466,074

  7%

  $17,147,070

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,809,860

  Geo Method

  $15,809,860

• Alternative Use

  Use

  Valuation

  Residential

  $22,897,932

  Hospitality

  $20,974,384

  Educational

  $17,450,440

  Medical

  $18,050,588

  Retail

  $27,145,130

Location Insight

City

New York

County

New York

State

New York

Latitude

40.8081

Longitude

-73.9474

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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