310 23Rd StNew York, NY 10010

Property Details for 310 23Rd St

Year built

1900

Property size (Sq ft)

2,195 SF

Zone code

C19A

Property type

Retail space

APN

00928-1102

APU

9281102

Description

This exceptional 2,114 square foot single-tenant space at 310 East 23rd Street in New York City's vibrant Gramercy Park neighborhood presents a unique investment opportunity. Located between First and Second Avenues, this inline retail space boasts a prime location along a high-traffic corridor, benefiting from the substantial pedestrian flow generated by nearby key institutions. The property features a 9-foot 6-inch ceiling height and is currently entirely vacant, offering immediate occupancy for a new tenant. Its strategic position leverages the proximity to major area drivers, including New York University, the School of Visual Arts, and the Peter Cooper Village residential community. The significant daytime population, further bolstered by employees from NYU Langone, Presbyterian Hospital, and other medical offices in the vicinity, ensures consistent foot traffic and high visibility. This property is ideal for a medical office or retail business seeking a prominent location in a densely populated and highly accessible area of Manhattan. The property is classified as both retail and office space, offering flexibility for a variety of uses. The building's total square footage is 2,114 square feet, all of which is currently available. This presents a rare opportunity to secure a substantial space in a highly desirable location within New York County, zip code 10010.

• CAP approach

  CAP return

  Valuation

  6%

  $533,462

  6.5%

  $492,426

  7%

  $457,253

• Comparable approach

  Method

  Valuation

  Relative Method

  $722,733

  Geo Method

  $722,733

• Alternative Use

  Use

  Valuation

  Residential

  $415,380

  Hospitality

  $380,486

  Educational

  $316,560

  Medical

  $327,447

  Retail

  $492,426

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7374

Longitude

-73.9804

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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