4240 BroadwayNew York, NY 10033
- Mixed-use properties
- 59,200 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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