1471 Amsterdam AveNew York, NY 10027

  • Retail residential properties
  • 6,821 SF

Property Details for 1471 Amsterdam Ave

Year built
2021
Lot size
0.04 AC
Property size (Sq ft)
6,821 SF
Zone code
R7A
Property type
Retail residential properties
APN
01970-0064
APU
19700064

Description

This exceptional retail opportunity is located at 1471 Amsterdam Avenue in the vibrant Upper Manhattan neighborhood of New York City, New York County, zip code 10027. The property, a newly constructed building completed in 2025, offers a total of 3,850 square feet of retail space, currently entirely vacant and ready for immediate occupancy. The space is configured to accommodate multiple tenants, presenting a unique chance for either a single large-scale retailer or several smaller businesses to establish a presence in this high-traffic area. The building's modern design and prime location make it an ideal space for a variety of retail uses. With its convenient location and ample square footage, this property presents a rare opportunity for businesses seeking to establish or expand their operations in a thriving New York City market. The address is 1471 Amsterdam Avenue, New York, NY 10027. The property is classified as retail with an apartment in house subtype. The total building size is 3,850 square feet, with 3,850 square feet currently vacant. Two individual spaces, each approximately 1,925 square feet, are available for lease. This presents a flexible layout option for prospective tenants. The property is situated at latitude 40.817198 and longitude -73.953099. This is a multiple tenancy property.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,398,367
    6.5%
    $1,290,800
    7%
    $1,198,600
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,381,409
    Geo Method
    $1,381,409
  • Alternative Use

    Use
    Valuation
    Residential
    $1,290,800
    Hospitality
    $1,182,366
    Educational
    $983,714
    Medical
    $1,017,546
    Retail
    $1,530,223

Location Insight

City
New York
County
New York
State
New York
Latitude
40.8172
Longitude
-73.9531
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$103,010
$126,870
$699,816
$826,686
-
$281,000
$1,550,000
$1,831,000

FAQs

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