870 7Th AveNew York, NY 10019
- Hotels
- 655 SF
Property Details for 870 7Th Ave
- Property size (Sq ft)
- 655 SF
- Zone code
- C6-6
- Property type
- Hotels
- APN
- 01027-1365
- APU
- 10271365
Description
This exceptional 680-square-foot warehouse space is ideally situated at 870 7th Avenue, between 55th and 56th Streets in New York County, New York (zip code 10019). The property boasts a versatile retail and industrial zoning, making it suitable for a variety of uses. Currently, the entire 680 square feet is available for lease, presenting a unique opportunity for a single tenant to occupy the entire space. The warehouse features a 9-foot ceiling height, providing ample vertical space for storage or operations. With an 11-foot frontage, the space offers excellent street visibility and accessibility. The property is classified as a multi-tenant building, although the entire space is currently vacant. Its central location in Midtown Manhattan offers unparalleled access to public transportation, major thoroughfares, and a vibrant commercial district. This is a rare opportunity to secure a well-located, sizable warehouse space in one of the world's most dynamic cities. The property is ready for immediate occupancy. Inquire today to learn more about this exceptional leasing opportunity.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $123,001
- 6.5%
- $113,539
- 7%
- $105,429
-
Comparable approach
- Method
- Valuation
- Relative Method
- $201,118
- Geo Method
- $201,118
-
Alternative Use
- Use
- Valuation
- Residential
- $123,952
- Hospitality
- $113,539
- Educational
- $94,463
- Medical
- $97,712
- Retail
- $146,943
Location Insight
- City
- New York
- County
- New York
- State
- New York
- Latitude
- 40.7647
- Longitude
- -73.9812
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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