333 57Th StNew York, NY 10022

Property Details for 333 57Th St

Property size (Sq ft)

10,373 SF

Zone code

C6-4

Property type

Retail space

APN

01048-3001

APU

10483001

Description

This move-in ready, 1,200 square foot medical office is located in the prestigious Sutton Place neighborhood of New York City (10022). Situated in a 16-story, 1927-built building, this vacant, Class C cooperative unit offers a unique opportunity for owner-users. The space features four beds and is ideal for a variety of medical specialties. Monthly maintenance, inclusive of taxes, is $4,700. The unit boasts a desirable location with easy access to fine dining, boutique shops, and green spaces. A doorman provides added security and convenience. The asking price is $599,000, translating to $499.17 per square foot. The property is available immediately, offering a rare chance to establish a thriving practice in a sought-after location. The lot size is 1,200 square feet. This is a single-unit cooperative ownership opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,521,001

  6.5%

  $2,327,078

  7%

  $2,160,858

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,415,447

  Geo Method

  $3,415,447

• Alternative Use

  Use

  Valuation

  Residential

  $1,962,977

  Hospitality

  $1,798,077

  Educational

  $1,495,979

  Medical

  $1,547,428

  Retail

  $2,327,078

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7678

Longitude

-73.9843

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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