5009 BroadwayNew York, NY 10034

Property Details for 5009 Broadway

Year built

1929

Lot size

0.43 AC

Property size (Sq ft)

83,766 SF

Zone code

R7A

Property type

Retail residential properties

APN

02243-0030

APU

22430030

Description

This exceptional 704-square-foot retail space at 5009 Broadway in New York City's vibrant Inwood neighborhood presents a unique investment opportunity. Located in Upper Manhattan, this single-tenant property boasts 16 feet of street frontage and benefits from its former use as an H&R Block location. The property's strategic position ensures high visibility and accessibility, with over 30,000 vehicles passing daily. The area is densely populated, exhibiting strong pedestrian traffic, further enhancing its commercial potential. Conveniently situated near the Bx7 and Bx20 MTA bus stops, this location offers excellent public transportation access. Its proximity to Isham Park and CUNY in the Heights, with its large student and faculty population, provides a substantial customer base. The property is classified as retail and office, specifically an executive office, making it suitable for a variety of businesses. This turnkey space is ready for immediate occupancy. The property is located in New York County, NY, 10034.

• CAP approach

  CAP return

  Valuation

  6%

  $17,172,788

  6.5%

  $15,851,804

  7%

  $14,719,532

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,964,542

  Geo Method

  $16,964,542

• Alternative Use

  Use

  Valuation

  Residential

  $15,851,804

  Hospitality

  $14,520,167

  Educational

  $12,080,608

  Medical

  $12,496,079

  Retail

  $18,792,058

Location Insight

City

New York

County

New York

State

New York

Latitude

40.8694

Longitude

-73.9172

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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