531 159Th StNew York, NY 10032

Property Details for 531 159Th St

Year built

2017

Lot size

0.17 AC

Property size (Sq ft)

3,903 SF

Zone code

R7-2

Property type

Office properties

APN

02118-1002

APU

21181002

Description

This exceptional 4,482 square foot commercial property, located at 531 W 159th St in New York City's vibrant West Harlem neighborhood (zip code 10032), presents a unique leasing opportunity. The property is classified as retail and office space, and is currently entirely vacant, offering immediate occupancy for a single tenant. Suitable for a variety of uses, including executive offices, medical offices, or community/daycare/nonprofit organizations, this versatile space provides ample room for growth and expansion. The building's total square footage is 4,482 square feet, all of which is available for lease. The property is situated in New York County and offers a strategic location within a dynamic and developing area of Manhattan. This is an excellent chance to secure a substantial and adaptable space in a thriving neighborhood. The multiple tenancy designation indicates the property's suitability for division, should a tenant require less than the entire space. This property is ideal for businesses seeking a prominent presence in a rapidly growing area of New York City. The address is easily accessible and benefits from good visibility. Interested parties are encouraged to inquire for further details and to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $645,282

  6.5%

  $595,645

  7%

  $553,099

• Comparable approach

  Method

  Valuation

  Relative Method

  $509,966

  Geo Method

  $509,966

• Alternative Use

  Use

  Valuation

  Residential

  $738,600

  Hospitality

  $676,554

  Educational

  $562,885

  Medical

  $582,243

  Retail

  $875,599

Location Insight

City

New York

County

New York

State

New York

Latitude

40.8348

Longitude

-73.9422

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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