42 132Nd StNew York, NY 10037

Property Details for 42 132Nd St

Year built

2014

Lot size

0.06 AC

Property size (Sq ft)

14,000 SF

Zone code

R7B

Property type

Retail residential properties

APN

01756-0048

APU

17560048

Description

This exceptional retail property, located at 42 East 132nd Street in the vibrant Harlem neighborhood of New York City (zip code 10037), offers a unique leasing opportunity. The building encompasses a total of 3,410 square feet of commercial space, currently entirely vacant and ready for immediate occupancy. The property is classified as multi-tenant retail, providing flexibility for various business needs. Two distinct spaces are available for lease, with a minimum divisible space of 1,919 square feet and a maximum contiguous space of 1,491 square feet. This allows for adaptability to suit a range of retail concepts, from smaller boutiques to larger-scale operations. The property's strategic location in Harlem, New York County, provides excellent visibility and accessibility, placing it within a thriving commercial district. This presents a compelling investment opportunity for businesses seeking a prominent presence in a dynamic and rapidly growing area of New York City. The property is easily accessible via various transportation routes, ensuring convenient access for both customers and employees. Interested parties are encouraged to inquire further to explore the possibilities this exceptional retail space offers. The entire 3,410 square feet is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $2,638,910

  6.5%

  $2,435,920

  7%

  $2,261,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,865,820

  Geo Method

  $1,865,820

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,767,270

  Retail / Commercial

  $2,444,630

  Hospitality / Lodging

  $1,787,160

  Office

  $2,421,450

  Institutional / Educational

  $2,532,370

  Residential Income

  $2,962,880

  Multifamily

  $3,553,510

  Automotive / Energy

  $2,170,610

  Parking / Income-Based Land

  $749,050

  Restaurant / Food Service

  $1,266,940

  Healthcare / Senior Housing

  $2,497,990

Location Insight

City

New York

County

New York

State

New York

Latitude

40.8098

Longitude

-73.9371

CBSA code

35620

CBSA name

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

Property Tax & Assessments

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