234 30Th StNew York, NY 10001

Property Details for 234 30Th St

Year built

1900

Lot size

0.04 AC

Property size (Sq ft)

3,225 SF

Zone code

R7B

Property type

Residential income homes

Property subtype

Serviced apartments

APN

00910-0044

APU

9100044

Description

This exceptional retail opportunity is located at 234 West 30th Street in the vibrant Chelsea submarket, specifically within the Garment District of New York County. The property, built in 1945, offers a total of 20,000 square feet across multiple tenancies, with one 2,300 square foot space currently available for lease. This space boasts high ceilings and two private tiled restrooms. The property also includes an additional 2,400 square feet of lower level space featuring a stunning vaulted ceiling with a wooden door. Modern conveniences such as HVAC are in place. The location provides significant visibility due to its position on a high-traffic street. Furthermore, its proximity to numerous subway lines (A, C, E, 1, 2, 3, B, D, F & M) and bus routes ensures excellent accessibility. The surrounding area offers a wealth of amenities, including a variety of restaurants, bars, and other attractions, creating a dynamic and desirable environment for any retail business. This property presents a unique chance to establish a thriving business in a highly sought-after location.

• CAP approach

  CAP return

  Valuation

  6%

  $661,154

  6.5%

  $610,296

  7%

  $566,704

• Comparable approach

  Method

  Valuation

  Relative Method

  $653,137

  Geo Method

  $653,137

• Alternative Use

  Use

  Valuation

  Residential

  $610,296

  Hospitality

  $559,028

  Educational

  $465,105

  Medical

  $481,100

  Retail

  $723,496

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7424

Longitude

-73.9787

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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