216 Lafayette StNew York, NY 10012

Property Details for 216 Lafayette St

Year built

1900

Lot size

0.06 AC

Property size (Sq ft)

4,000 SF

Zone code

M15R7D

Property type

Investment properties

Property subtype

Retail residential properties

APN

00482-0028

APU

4820028

Description

This exceptional retail property at 216 Lafayette Street in New York, NY 10012 offers 7,099 square feet of vacant space, ideal for multiple tenants. Located in New York County, this commercial property boasts convenient access and high visibility. The building features an elevator for easy access to all levels. Three spaces are currently available, each offering flexibility in size. Units range from a minimum of 2,146 square feet to a maximum contiguous space of 2,521 square feet, providing options to suit various business needs. The property's prime location in the vibrant heart of New York City ensures high foot traffic and excellent exposure to potential customers. This is a unique opportunity to establish a presence in a bustling and desirable area. The entire 7,099 square feet is currently vacant, presenting a blank canvas for a creative and impactful retail presence. The building's amenities, combined with its strategic location, make this an unparalleled opportunity for businesses seeking a prominent New York City address. Interested parties are encouraged to inquire about lease terms and availability. This property is classified as retail commercial space with multiple tenancy options.

• CAP approach

  CAP return

  Valuation

  6%

  $820,036

  6.5%

  $756,956

  7%

  $702,888

• Comparable approach

  Method

  Valuation

  Relative Method

  $810,092

  Geo Method

  $810,092

• Alternative Use

  Use

  Valuation

  Residential

  $756,956

  Hospitality

  $693,368

  Educational

  $576,874

  Medical

  $596,714

  Retail

  $897,360

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7219

Longitude

-73.9978

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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