55 19Th StNew York, NY 10011

Property Details for 55 19Th St

Year built

1925

Lot size

0.05 AC

Property size (Sq ft)

9,508 SF

Zone code

C64A

Property type

Office buildings

APN

00821-0010

APU

8210010

Description

This exceptional 2,800 square foot office space, located at 55 W 19th St in the Flatiron District of Manhattan, presents a unique opportunity for a variety of businesses. Situated in a Class A building constructed in 1854, this property boasts five stories and offers a blend of historical charm and modern functionality. The space itself is located on the second floor and is easily accessible via elevator or stairway, providing 24-hour access for ultimate convenience. The high 11-foot ceilings, coupled with hardwood floors and abundant natural light, create a bright and inviting atmosphere. Further enhancing the space are two bathrooms, a fully equipped kitchen, and a robust security system. The property also includes signage opportunities and ample space for customization. With 2 parking spaces available, this location offers unparalleled convenience in a bustling urban setting. The property's versatility makes it ideal for various uses, including traditional office space, medical offices, or creative studios. Property taxes are $38.57 per square foot. The building is equipped with elevators and power. The cross street is 6th Avenue, and the property is located in New York County, NY, 10011. Total building square footage is 12,509 square feet, with 2,800 square feet currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $1,571,956

  6.5%

  $1,451,037

  7%

  $1,347,391

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,242,315

  Geo Method

  $1,242,315

• Alternative Use

  Use

  Valuation

  Residential

  $1,799,286

  Hospitality

  $1,648,136

  Educational

  $1,371,230

  Medical

  $1,418,388

  Retail

  $2,133,024

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7403

Longitude

-73.9938

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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