4240 BroadwayNew York, NY 10033

  • Mixed-use properties
  • 59,200 SF
For Lease

Property Details for 4240 Broadway

Year built
1920
Lot size
0.26 AC
Property size (Sq ft)
59,200 SF
Zone code
R7-2
Property type
Mixed-use properties
Property subtype
Retail residential properties
APN
02163-0044
APU
21630044

Description

This exceptional retail property, located at 4240 Broadway in the vibrant heart of New York City (zip code 10033), offers a unique leasing opportunity for discerning businesses. The building boasts a total of 2,597 square feet of retail space, currently entirely vacant and available for immediate occupancy. Two distinct spaces are available, providing flexibility for various business needs. The minimum divisible space is 767 square feet, ideal for smaller businesses or startups looking for a strategic location. Larger businesses can lease up to 1,830 contiguous square feet, offering ample room for expansion and growth. This prime location on Broadway ensures high visibility and foot traffic, making it an excellent choice for retailers seeking maximum exposure. The property's address is 4240 Broadway, New York, NY 10033, and its geographical coordinates are 40.8495423 latitude and -73.9360671 longitude. This is a multi-tenant building, presenting an opportunity to be part of a thriving commercial environment. The entire 2,597 square feet is currently vacant, providing a blank canvas for your business vision. Don't miss this chance to secure a prominent retail space in one of New York City's most dynamic neighborhoods. Contact us today to learn more about this exceptional leasing opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $12,136,535
    6.5%
    $11,202,955
    7%
    $10,402,744
  • Comparable approach

    Method
    Valuation
    Relative Method
    $11,989,362
    Geo Method
    $11,989,362
  • Alternative Use

    Use
    Valuation
    Residential
    $11,202,955
    Hospitality
    $10,261,847
    Educational
    $8,537,736
    Medical
    $8,831,362
    Retail
    $13,280,923
4240 Broadway, New York, New York

Location Insight

City
New York
County
New York
State
New York
Latitude
40.8496
Longitude
-73.9359
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
$274,859
$468,000
$1,730,520
$2,198,520
-
$1,040,000
$4,302,000
$5,342,000

FAQs

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