250 57Th StNew York, NY 10107

Property Details for 250 57Th St

Year built

1921

Lot size

0.51 AC

Property size (Sq ft)

435,677 SF

Zone code

C5-3

Property type

Office buildings

APN

01028-0056

APU

10280056

Description

This exceptional multi-level executive office and street retail space at 250 West 57th Street offers an unparalleled opportunity in the heart of Midtown Manhattan. The building boasts a total of 16,597 square feet, divided into two suites, with 3,929 square feet currently vacant. Individual spaces range from a minimum of 1,065 square feet to a maximum contiguous area of 2,864 square feet, providing flexibility for various business needs. The property features impressive 20-foot ceilings, creating a spacious and modern atmosphere. Its strategic location directly across from Nordstrom's flagship store, near the Time Warner Center and Columbus Circle, ensures high visibility and foot traffic. The building's proximity to the 59th Street - Columbus Circle subway station (serving 13.7 million annual riders) and numerous top-name retailers and restaurants further enhances its appeal. This vibrant Midtown location is surrounded by over 28 million square feet of office space, providing a dense and affluent customer base. Convenient in-building access to the Turnstyle Underground Market and five subway lines (A, C, B, D, 1) ensures easy accessibility for employees and clients. This is a rare chance to secure a prestigious address in one of Manhattan's most sought-after commercial districts. The property's combination of size, location, and amenities makes it an ideal investment for discerning businesses seeking a prominent presence in the heart of New York City.

• CAP approach

  CAP return

  Valuation

  6%

  $72,030,424

  6.5%

  $66,489,620

  7%

  $61,740,360

• Comparable approach

  Method

  Valuation

  Relative Method

  $56,925,556

  Geo Method

  $56,925,556

• Alternative Use

  Use

  Valuation

  Residential

  $82,447,128

  Hospitality

  $75,521,128

  Educational

  $62,832,692

  Medical

  $64,993,604

  Retail

  $97,739,744

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7663

Longitude

-73.9825

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].