300 23Rd StNew York, NY 10010

Property Details for 300 23Rd St

Year built

2008

Property size (Sq ft)

10,622 SF

Zone code

C19A

Property type

Retail space

APN

00928-1501

APU

9281501

Description

This exceptional Class A commercial property, located at 300 E 23rd St, New York, NY 10010, offers a unique opportunity in the vibrant Gramercy Park submarket. Situated on a prime corner lot at the intersection of 23rd St and 2nd Ave in New York County, this property boasts a total of 11,145 square feet currently available for lease. The space is divisible, with a minimum leasable area of 1,000 square feet and a maximum contiguous space of 11,145 square feet, offering flexibility for various business needs. The property is suitable for a wide range of uses, including traditional office, executive office, coworking, medical office, and creative office spaces, as well as retail and restaurant uses. The layout includes a ground floor space of 6,951 square feet and a lower level of 4,194 square feet. This versatile space presents an excellent opportunity for businesses seeking a prominent location in a thriving neighborhood. The property's address is easily accessible and benefits from high visibility and foot traffic. This is an exceptional opportunity to secure a prestigious address in a highly sought-after area of Manhattan.

• CAP approach

  CAP return

  Valuation

  6%

  $2,581,517

  6.5%

  $2,382,938

  7%

  $2,212,729

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,497,434

  Geo Method

  $3,497,434

• Alternative Use

  Use

  Valuation

  Residential

  $2,010,098

  Hospitality

  $1,841,239

  Educational

  $1,531,889

  Medical

  $1,584,573

  Retail

  $2,382,938

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7375

Longitude

-73.9808

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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