248 35Th StNew York, NY 10001

Property Details for 248 35Th St

Year built

1935

Lot size

0.05 AC

Property size (Sq ft)

3,864 SF

Zone code

R9

Property type

Office properties

Property subtype

Other data centers and call centers

APN

00915-0037

APU

9150037

Description

This exceptional 3,200 square foot office space in Midtown West presents a unique opportunity for a single tenant. The property boasts a captivating design, featuring soaring 13-foot high exposed ceilings and an open layout, pre-built with windowed offices. The space is bathed in natural light, enhanced by custom lighting and architectural details. The building's features include central air conditioning and hardwood floors, creating a comfortable and productive work environment. The "plug and play" setup allows for immediate occupancy, minimizing setup time and maximizing efficiency. This is a truly remarkable space, offering a high "wow factor" in a prime Midtown West location. The property is classified as a Traditional Office, Executive Office, and Creative Office, making it suitable for a variety of professional uses. The entire 3,200 square feet is currently vacant and available for lease. Located in New York County, this property offers unparalleled convenience and accessibility. The asking price is an exceptional value at just $37 per square foot.

• CAP approach

  CAP return

  Valuation

  6%

  $638,835

  6.5%

  $589,694

  7%

  $547,572

• Comparable approach

  Method

  Valuation

  Relative Method

  $504,870

  Geo Method

  $504,870

• Alternative Use

  Use

  Valuation

  Residential

  $731,220

  Hospitality

  $669,794

  Educational

  $557,260

  Medical

  $576,425

  Retail

  $866,849

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7454

Longitude

-73.976

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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