85 Audubon AveNew York, NY 10032

Property Details for 85 Audubon Ave

Year built

1911

Lot size

0.10 AC

Property size (Sq ft)

15,584 SF

Zone code

R7-2

Property type

Retail residential properties

APN

02126-0030

APU

21260030

Description

This exceptional 500-square-foot retail space is ideally situated on Audubon Avenue in New York County, offering unparalleled visibility and accessibility. The property is a single-tenant space, currently vacant and ready for immediate occupancy. Its prime location boasts high foot traffic due to its proximity to Columbia University and a dense residential neighborhood. The building's excellent exposure on Audubon Avenue ensures maximum brand visibility for your business. Across the street from PS 128, this location benefits from consistent daytime traffic and a strong local community presence. The surrounding area features a diverse mix of businesses, including a variety store, dry cleaners, Barrel 79 Restaurant, and a mini-market, creating a vibrant and thriving commercial environment. This space is perfectly suited for a variety of businesses, including tax services, legal practices, driving schools, coffee shops, boutiques, or other service-related enterprises. The property is classified as commercial retail and offers a fantastic opportunity for entrepreneurs seeking a high-traffic location in a well-established neighborhood. The 500 square feet provides ample space for a variety of business configurations. This is a rare opportunity to establish your business in a highly desirable and convenient location. Don't miss out on this chance to secure a prime retail space in a thriving Upper Manhattan neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $3,194,861

  6.5%

  $2,949,102

  7%

  $2,738,452

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,156,118

  Geo Method

  $3,156,118

• Alternative Use

  Use

  Valuation

  Residential

  $2,949,102

  Hospitality

  $2,701,362

  Educational

  $2,247,501

  Medical

  $2,324,796

  Retail

  $3,496,113

Location Insight

City

New York

County

New York

State

New York

Latitude

40.8412

Longitude

-73.9375

CBSA code

35620

CBSA name

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

Property Tax & Assessments

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