4240 BroadwayNew York, NY 10033

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $11,158,800

  6.5%

  $10,300,500

  7%

  $9,564,710

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,889,770

  Geo Method

  $7,889,770

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $20,158,800

  Retail / Commercial

  $10,337,300

  Hospitality / Lodging

  $7,557,110

  Office

  $10,239,300

  Institutional / Educational

  $10,708,300

  Residential Income

  $12,528,700

  Multifamily

  $15,026,300

  Automotive / Energy

  $9,178,560

  Parking / Income-Based Land

  $3,167,410

  Restaurant / Food Service

  $5,357,350

  Healthcare / Senior Housing

  $10,562,900

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

FAQs

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