34 35Th StNew York, NY 10001

Property Details for 34 35Th St

Year built

1900

Lot size

0.03 AC

Property size (Sq ft)

6,000 SF

Zone code

C64.5

Property type

Office properties

Property subtype

Office buildings

APN

00836-0062

APU

8360062

Description

This exceptional mixed-use property at 34 W 35th Street in New York City's vibrant Midtown Manhattan presents a unique investment opportunity. The 6,000 square foot building boasts a prime location, offering unparalleled access to high foot traffic and a diverse clientele. Currently configured as a turnkey restaurant and bar, the space is complemented by one office unit and two residential units, providing a diverse income stream. The building's C6-4.5 and MiD zoning permits a variety of uses, allowing for flexibility and future development potential. Situated on a 1,500 square foot lot, the four-story building is conveniently located near Herald Square, Koreatown, and the iconic Empire State Building. Excellent public transportation access is provided by numerous subway lines (N, Q, R, W, B, D, F, M, 1, 2, 3) ensuring easy commutes for both tenants and patrons. This turnkey operation offers immediate return on investment with existing tenants in place, making it an ideal acquisition for savvy investors seeking a high-return property in a highly desirable location. The property's versatility and strategic location make it a compelling investment opportunity in one of New York City's most dynamic neighborhoods.

• CAP approach

  CAP return

  Valuation

  6%

  $991,979

  6.5%

  $915,673

  7%

  $850,268

• Comparable approach

  Method

  Valuation

  Relative Method

  $783,960

  Geo Method

  $783,960

• Alternative Use

  Use

  Valuation

  Residential

  $1,135,435

  Hospitality

  $1,040,052

  Educational

  $865,311

  Medical

  $895,070

  Retail

  $1,346,040

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7496

Longitude

-73.9858

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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