576 9Th AveNew York, NY 10036
- Investment properties
- 5,173 SF
Property Details for 576 9Th Ave
- Year built
- 1910
- Lot size
- 0.03 AC
- Property size (Sq ft)
- 5,173 SF
- Zone code
- C6-4
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 01032-0162
- APU
- 10320162
Description
This exceptional 1,400-square-foot commercial space is ideally situated at 576 9th Avenue in the vibrant Hell's Kitchen neighborhood of New York City, New York County (zip code 10036). The property is a single-tenant retail or restaurant space within a single building. Its prime location offers unparalleled access to a diverse and bustling community. Hell's Kitchen boasts a rich culinary scene, featuring a wide array of international cuisines, and a vibrant nightlife with various entertainment options. The area also benefits from proximity to world-renowned Broadway theaters, attracting both local residents and tourists. Furthermore, the High Line's northern entrance and the Hudson River Park, complete with attractions like the Intrepid Sea, Air & Space Museum and Circle Line Sightseeing Cruises, are within easy reach, adding to the area's appeal and foot traffic. This fully vacant space presents a unique opportunity for a business seeking a high-visibility location in a dynamic and thriving neighborhood. The property's 1,400 square feet provide ample space for a variety of retail or restaurant concepts. This is a rare chance to establish a presence in one of Manhattan's most sought-after areas. The property is categorized as commercial and is suitable for retail or restaurant use.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $855,251
- 6.5%
- $789,463
- 7%
- $733,073
-
Comparable approach
- Method
- Valuation
- Relative Method
- $675,904
- Geo Method
- $675,904
-
Alternative Use
- Use
- Valuation
- Residential
- $978,934
- Hospitality
- $896,698
- Educational
- $746,042
- Medical
- $771,700
- Retail
- $1,160,510
Location Insight
- City
- New York
- County
- New York
- State
- New York
- Latitude
- 40.7581
- Longitude
- -73.9926
- 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
- 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.
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- 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.
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