45 34Th StNew York, NY 10001
- Office buildings
- 11,295 SF
Property Details for 45 34Th St
- Year built
- 1910
- Lot size
- 0.06 AC
- Property size (Sq ft)
- 11,295 SF
- Zone code
- C5-2
- Property type
- Office buildings
- APN
- 00864-0027
- APU
- 8640027
Description
This exceptional retail opportunity is located at 45 West 34th Street, in the vibrant heart of New York City's Herald Square. The property offers a total of 9,472 square feet of commercial space, currently entirely vacant and available for lease. Multiple units are available, with a minimum divisible space of 553 square feet and a maximum contiguous space of 5,390 square feet, providing flexibility for various business needs. The building's prime location within the bustling Herald Square commercial hub, defined by the intersection of Broadway, Sixth Avenue, and 34th Street, ensures high foot traffic and excellent visibility. This area is renowned for its iconic landmarks, including the elaborate Bennett Clock featuring the famous bell-ringing figures, "Guff" and "Stuff," and is enhanced by award-winning public gardens, offering a unique and attractive environment for businesses. The property is situated in New York County, New York, with a zip code of 10001. This presents a rare chance to establish a presence in one of Manhattan's most sought-after retail destinations. The entire 9,472 square feet is available for immediate occupancy. This is an unparalleled opportunity to capitalize on the high-traffic location and establish a thriving business in the heart of Midtown Manhattan.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,116,390
- 6.5%
- $1,953,590
- 7%
- $1,814,050
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,475,800
- Geo Method
- $1,475,800
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $3,846,170
- Retail / Commercial
- $1,972,300
- Mixed-Use / Specialty
- $1,965,260
- Hospitality / Lodging
- $1,441,850
- Institutional / Educational
- $2,043,080
- Residential Income
- $2,390,410
- Multifamily
- $2,866,920
- Automotive / Energy
- $1,751,210
- Parking / Income-Based Land
- $604,322
- Restaurant / Food Service
- $1,022,150
- Healthcare / Senior Housing
- $2,015,340
Location Insight
- City
- New York
- County
- New York
- State
- New York
- Latitude
- 40.7478
- Longitude
- -73.9822
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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