627 11Th AveNew York, NY 10036

Property Details for 627 11Th Ave

Year built

1955

Lot size

0.40 AC

Property size (Sq ft)

20,000 SF

Zone code

M2-4

Property type

Retail properties

Property subtype

Other automotive properties

APN

01094-0027

APU

10940027

Description

This exceptional 37,250 square foot multi-use property at 627 11th Avenue in Manhattan, New York, NY 10036 presents a unique investment opportunity. Located in New York County, this building offers a versatile space suitable for a variety of commercial uses, including medical office, manufacturing, automotive, medical & healthcare, life sciences, and other commercial ventures. The property is currently fully vacant, providing a blank canvas for a new tenant or tenants. The building features multiple tenancies, allowing for flexibility in lease terms and space configurations. Individual spaces range from a minimum of 17,250 square feet to a maximum contiguous space of 20,000 square feet. Ceiling heights vary from 12 to 20 feet, accommodating diverse operational needs. Ample parking is available with 112 spaces on-site. This prime Manhattan location offers excellent accessibility and visibility, making it an ideal choice for businesses seeking a prominent presence in a thriving urban environment. The property's size and adaptability make it suitable for a single large tenant or multiple smaller tenants. This is a rare opportunity to secure a substantial and versatile commercial space in a highly desirable area of New York City.

• CAP approach

  CAP return

  Valuation

  6%

  $4,860,698

  6.5%

  $4,486,798

  7%

  $4,166,313

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,585,264

  Geo Method

  $6,585,264

• Alternative Use

  Use

  Valuation

  Residential

  $3,784,782

  Hospitality

  $3,466,840

  Educational

  $2,884,370

  Medical

  $2,983,568

  Retail

  $4,486,798

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7638

Longitude

-73.9966

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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