150 55Th StNew York, NY 10019

Property Details for 150 55Th St

Year built

1920

Lot size

0.09 AC

Property size (Sq ft)

2,900 SF

Zone code

C5-2

Property type

Retail properties

Property subtype

Retail space

APN

01309-1001

APU

13091001

Description

This exceptional medical office space, located at 150 E 55th St, New York, NY 10022, offers a prime location in the heart of Midtown East's Plaza District. The property, situated on Lexington Avenue, is part of a seven-story, 21,888 square foot building constructed in 1981 and features elevators. Currently, a 1,000 square foot space is available for lease at $3,995 per month, but a larger contiguous space of 3,500 square feet is also available. This full floor space is partially divided into two suites (A & B), each with unique features. Suite B boasts separate restrooms, sub-metering for utilities, its own heating and HVAC system, and abundant natural light from south-facing windows. The entire space has undergone a beautiful renovation, showcasing new tinted glass doors, trim, and flooring. The building has a 4.5 FAR. This highly adaptable space is perfect for a variety of professional uses, including but not limited to technology companies, healthcare providers, legal firms, real estate businesses, and accounting practices. The space can be delivered in its current configuration or customized to meet your specific needs. The building is located in the Midtown submarket of Manhattan, New York County.

• CAP approach

  CAP return

  Valuation

  6%

  $704,801

  6.5%

  $650,586

  7%

  $604,115

• Comparable approach

  Method

  Valuation

  Relative Method

  $954,863

  Geo Method

  $954,863

• Alternative Use

  Use

  Valuation

  Residential

  $548,793

  Hospitality

  $502,692

  Educational

  $418,234

  Medical

  $432,617

  Retail

  $650,586

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7591

Longitude

-73.9694

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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