46 Hester StNew York, NY 10002

Property Details for 46 Hester St

Year built

2003

Lot size

0.03 AC

Property size (Sq ft)

6,750 SF

Zone code

C6-2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

00297-0015

APU

2970015

Description

This exceptional property at 46 Hester Street in New York County offers a rare opportunity to lease vibrant retail and office space in a high-traffic location. The building features two available spaces, ideal for a variety of businesses. One space measures approximately 950 square feet, while the other is slightly larger at approximately 1,000 square feet. The flexible layout makes these spaces suitable for a range of uses, from traditional office setups to dynamic retail environments. The "Traditional Office" subtype designation highlights the suitability for professional office spaces, while the "Storefront" and "Retail" subtypes emphasize the excellent potential for retail businesses. The multiple tenancy structure suggests a thriving and diverse community within the building. This property presents a unique chance to establish a presence in a bustling New York City neighborhood. The exact configuration and layout of each space can be discussed further upon request. Interested parties are encouraged to inquire promptly to secure their preferred space. This is a prime opportunity to capitalize on the energy and foot traffic of this desirable location. The property's location within New York County ensures easy access to various transportation options and a wealth of amenities. The combined retail and office space offers unparalleled versatility for a wide range of business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $1,115,977

  6.5%

  $1,030,132

  7%

  $956,551

• Comparable approach

  Method

  Valuation

  Relative Method

  $881,955

  Geo Method

  $881,955

• Alternative Use

  Use

  Valuation

  Residential

  $1,277,364

  Hospitality

  $1,170,059

  Educational

  $973,475

  Medical

  $1,006,954

  Retail

  $1,514,294

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7156

Longitude

-73.9903

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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