114 27Th StNew York, NY 10001

Property Details for 114 27Th St

Year built

1910

Property size (Sq ft)

2,488 SF

Zone code

C45A

Property type

Retail space

APN

00882-1001

APU

8821001

Description

This exceptional 4,981-square-foot office space at 114 W 27th Street in New York City's NoMad submarket presents a unique opportunity. Located in a Class B building, this full-floor loft offers a move-in ready condition with high ceilings and abundant natural light. The open layout is complemented by two glass-fronted conference rooms, perfect for collaborative work and client meetings. A large pantry and two private bathrooms add to the convenience. Oversized windows facing 27th Street provide excellent views and natural illumination. The space features central HVAC for climate control and benefits from a recently renovated lobby. The building itself houses twelve suites, offering a diverse and vibrant community. This property is suitable for various office uses, including executive, medical, and creative office spaces. The flexible lease terms allow for adaptability to individual business needs. The space boasts exposed brick, adding character and charm to the modern design. A recent price reduction makes this an even more attractive proposition. This is a rare opportunity to secure a beautifully designed, full-floor office space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $604,671

  6.5%

  $558,158

  7%

  $518,289

• Comparable approach

  Method

  Valuation

  Relative Method

  $819,207

  Geo Method

  $819,207

• Alternative Use

  Use

  Valuation

  Residential

  $470,827

  Hospitality

  $431,275

  Educational

  $358,816

  Medical

  $371,156

  Retail

  $558,158

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7422

Longitude

-73.984

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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