931 Madison AveNew York, NY 10021
- Retail residential properties
- 6,721 SF
Property Details for 931 Madison Ave
- Year built
- 1910
- Lot size
- 0.04 AC
- Property size (Sq ft)
- 6,721 SF
- Zone code
- C5-1
- Property type
- Retail residential properties
- APN
- 01388-0149
- APU
- 13880149
Description
This exceptional retail opportunity presents three contiguous spaces totaling 3,784 square feet at the prestigious 931 Madison Avenue in New York City, New York County (zip code 10021). Currently, all three units are vacant and available for lease, offering a unique chance to establish a prominent presence on one of Manhattan's most sought-after avenues. The property is classified as commercial retail with multiple tenancies. Individual spaces range from a minimum of 846 square feet to a maximum contiguous space of 1,493 square feet, providing flexibility for various business needs. The building's total square footage is 3,784 square feet, divided into three separate suites. This prime location offers unparalleled visibility and accessibility, attracting high foot traffic and significant brand exposure. The address, 931 Madison Avenue, is easily identifiable and highly desirable for businesses seeking a sophisticated and upscale environment. This is an exceptional opportunity to secure a prominent retail space in the heart of New York City. The property is situated at latitude 40.7729105 and longitude -73.9643348.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,377,866
- 6.5%
- $1,271,876
- 7%
- $1,181,028
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,361,157
- Geo Method
- $1,361,157
-
Alternative Use
- Use
- Valuation
- Residential
- $1,271,876
- Hospitality
- $1,165,032
- Educational
- $969,293
- Medical
- $1,002,628
- Retail
- $1,507,789
Location Insight
- City
- New York
- County
- New York
- State
- New York
- Latitude
- 40.7729
- Longitude
- -73.9643
- 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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