225 35Th StNew York, NY 10001

For Lease
  • Banks
  • 106,810 SF

Property Details for 225 35Th St

Year built
1924
Lot size
0.19 AC
Property size (Sq ft)
106,810 SF
Zone code
M1-6
Property type
Banks
APN
00785-0025
APU
7850025

Description

This exceptional office property at 225 West 35th Street in New York, NY 10001 offers a diverse range of spaces ideal for businesses of all sizes. Located in the heart of Midtown Manhattan, this building boasts a total of 50,209 square feet, with a variety of configurations available. The property is currently multi-tenant occupied, providing a vibrant and collaborative atmosphere. Flexible lease terms are available for spaces ranging from a minimum of 1,300 square feet to a maximum contiguous space of 9,000 square feet. Currently, there are 20,538 square feet of vacant space ready for immediate occupancy. The building caters to various office styles, including executive, traditional, and creative office spaces, ensuring a suitable environment for a wide range of businesses. This prime location offers unparalleled access to transportation, amenities, and a thriving business community. The address is 225 W 35th St, New York, NY 10001. Inquire today to explore the possibilities and secure your ideal workspace in this dynamic Manhattan location. The building offers multiple spaces available, ranging in size to accommodate various business needs. This is a fantastic opportunity to establish a presence in one of New York City's most sought-after business districts.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $25,958,558
    6.5%
    $23,961,746
    7%
    $22,250,194
  • Comparable approach

    Method
    Valuation
    Relative Method
    $35,168,604
    Geo Method
    $35,168,604
  • Alternative Use

    Use
    Valuation
    Residential
    $20,212,630
    Hospitality
    $18,514,660
    Educational
    $15,403,980
    Medical
    $15,933,746
    Retail
    $23,961,746
225 35Th St, New York, New York

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7523
Longitude
-73.991
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$1,107,988
$652,500
$9,808,110
$10,460,610
-
$1,450,000
$24,117,000
$25,567,000

FAQs

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