18 48Th StNew York, NY 10017

Property Details for 18 48Th St

Year built

2005

Property size (Sq ft)

7,128 SF

Zone code

C64.5

Property type

Retail properties

Property subtype

Retail space

APN

01263-1001

APU

12631001

Description

This exceptional Class A office building at 18 East 48th Street in New York City's prestigious Plaza District offers a unique opportunity for businesses seeking flexible and modern workspace. The building totals 13,400 square feet, with 7,800 square feet currently available for lease. Multiple tenancy options are available, accommodating a range of needs from smaller startups requiring 1,300 square feet to larger companies needing up to 3,750 contiguous square feet. The space is adaptable to various business types, suitable for traditional office setups, medical practices, or creative agencies. The building boasts high ceilings measuring 10 feet 11 inches, providing a spacious and comfortable work environment. The convenient location in the Plaza District offers easy access to major transportation hubs, upscale amenities, and a vibrant business community. This is an ideal opportunity to establish a presence in one of Manhattan's most sought-after locations. The property is located at 18 E 48th St, New York, NY 10017. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,732,353

  6.5%

  $1,599,095

  7%

  $1,484,874

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,346,988

  Geo Method

  $2,346,988

• Alternative Use

  Use

  Valuation

  Residential

  $1,348,896

  Hospitality

  $1,235,582

  Educational

  $1,027,990

  Medical

  $1,063,344

  Retail

  $1,599,095

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7575

Longitude

-73.9793

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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