8 41St StNew York, NY 10017

Property Details for 8 41St St

Year built

1921

Lot size

0.05 AC

Property size (Sq ft)

13,836 SF

Zone code

C52.5

Property type

Retail properties

Property subtype

Banks

APN

01275-0066

APU

12750066

Description

8 East 41st Street offers a remarkable opportunity to lease a fully built-out, 2,100 square-foot medical office space in the heart of Midtown Manhattan. Located on the sixth floor of a boutique commercial building, this single-tenant space is a true turnkey solution, ready for immediate occupancy. The floor-through layout maximizes efficiency and boasts impressive ceiling height, creating a bright and spacious environment. The space includes a central HVAC system for optimal climate control, two bathrooms for convenience, and modern lighting fixtures. Security and privacy are ensured with private keyed elevator access. The building itself holds a UG6 designation, suitable for a variety of uses including retail, office, and service establishments. This prime location on the south side of 41st Street, between Fifth and Madison Avenues, places the property within easy walking distance of luxury retailers, upscale restaurants, and five-star hotels. Exceptional accessibility is provided by its proximity to Grand Central Terminal, Bryant Park, Times Square, and the Port Authority Bus Terminal, offering unparalleled convenience for both staff and clients. This exceptional medical office space represents an unparalleled opportunity to establish or expand a practice in one of New York City's most desirable locations. The space is immediately available.

• CAP approach

  CAP return

  Valuation

  6%

  $3,362,631

  6.5%

  $3,103,967

  7%

  $2,882,255

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,555,686

  Geo Method

  $4,555,686

• Alternative Use

  Use

  Valuation

  Residential

  $2,618,312

  Hospitality

  $2,398,360

  Educational

  $1,995,407

  Medical

  $2,064,032

  Retail

  $3,103,967

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7524

Longitude

-73.9809

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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