Investment Overview

Marcus & Millichap is pleased to present 170 West 72nd Street is a single-tenant Citibank in the heart of the Upper West Side retail corridor, offered at $20,000,000 with a 4.63% cap rate on $925,000 of net income. The asset is fully passive. The lease runs triple net through July 2037 with two five year renewal options extending the term to 2047, and the tenant carries taxes, insurance, utilities, and all repairs and replacements, interior and exterior, structural and non structural. There are no landlord obligations. The tenant is Citibank, N.A., the primary U.S. banking subsidiary of Citigroup Inc. (NYSE: C), carrying senior credit in the single A category. Citibank executed a ten year extension in February 2026 with no early termination right. The branch holds $619 million in on site deposits, the highest of any Citibank in the 10023 zip code at 61% of the three branch base and nearly double the next closest location. The 14,638 square foot building sits on a 4,768 square foot lot zoned C4-6A, one minute from the 72nd Street 1/2/3 station, with 174,322 residents and 117,941 daytime employees within a one mile radius. Neighboring retail includes Trader Joe's, Bank of America, Bloomingdale's, Chase, and Sephora. The property carries 33,042 square feet of unused development rights. Please contact the listings agents for more information or tours.