945 Columbus AveNew York, NY 10025

Property Details for 945 Columbus Ave

Year built

1920

Lot size

0.04 AC

Property size (Sq ft)

7,565 SF

Zone code

R8A

Property type

Retail residential properties

APN

01842-0003

APU

18420003

Description

This exceptional 300-square-foot retail space, located at 945 Columbus Avenue in Manhattan's coveted Upper West Side submarket, presents a unique opportunity for a discerning restaurateur. Situated between 106th and 107th Streets in New York County, this property benefits from a high-density residential neighborhood, ensuring consistent foot traffic throughout the day and evening. The space is currently a blank canvas, offering a "white-box" condition, allowing for complete customization to suit the tenant's specific needs and vision. This flexibility allows for creative design and efficient build-out, minimizing upfront costs and maximizing potential return on investment. The location's strong residential base provides a built-in customer pool, while the vibrant atmosphere of the Upper West Side attracts a diverse clientele. This prime retail space is ideal for a variety of restaurant concepts, from casual eateries to upscale dining establishments. The multiple tenancy aspect suggests a potential for synergy with neighboring businesses, further enhancing the overall appeal and potential for success. This is a rare opportunity to establish a thriving business in one of Manhattan's most desirable neighborhoods. Don't miss out on this chance to secure a prime location for your next culinary venture.

• CAP approach

  CAP return

  Valuation

  6%

  $1,550,893

  6.5%

  $1,431,594

  7%

  $1,329,337

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,532,086

  Geo Method

  $1,532,086

• Alternative Use

  Use

  Valuation

  Residential

  $1,431,594

  Hospitality

  $1,311,332

  Educational

  $1,091,013

  Medical

  $1,128,535

  Retail

  $1,697,132

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7994

Longitude

-73.9624

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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