575 181St StNew York, NY 10033

Property Details for 575 181St St

Year built

1959

Lot size

0.40 AC

Property size (Sq ft)

35,000 SF

Zone code

C4-4

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

02154-0001

APU

21540001

Description

This exceptional retail property, located at 575 West 181st Street in New York, NY 10033, offers a unique leasing opportunity in New York County. The entire 12,829 square foot building is currently vacant and available for lease, presenting a blank canvas for a wide range of commercial ventures. The space is highly flexible, with a minimum divisible unit of 283 square feet, allowing for customization to suit various business needs. Whether you require a small boutique space or a large-scale retail operation, this property can accommodate your requirements. The property's location in the vibrant New York City market provides excellent visibility and accessibility, ensuring high foot traffic and potential for significant business growth. The address, 575 West 181st Street, is easily accessible and situated within a dynamic commercial area. This is a rare chance to secure a substantial retail space in a prime New York City location. The entire 12,829 square feet can be leased contiguously, providing an unparalleled opportunity for a single tenant to establish a significant presence. The property is classified as a multi-tenant building, although currently, the entire space is available. Serious inquiries are encouraged to explore this exceptional leasing opportunity. Contact us today to schedule a viewing and discuss your business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $7,175,316

  6.5%

  $6,623,369

  7%

  $6,150,271

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,088,305

  Geo Method

  $7,088,305

• Alternative Use

  Use

  Valuation

  Residential

  $6,623,369

  Hospitality

  $6,066,970

  Educational

  $5,047,648

  Medical

  $5,221,244

  Retail

  $7,851,897

Location Insight

City

New York

County

New York

State

New York

Latitude

40.8493

Longitude

-73.9331

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].