115 57Th StNew York, NY 10022

Property Details for 115 57Th St

Year built

1918

Lot size

0.04 AC

Property size (Sq ft)

8,790 SF

Zone code

C5-3

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

01010-0024

APU

10100024

Description

This exceptional Midtown East property at 115 E 57th St, New York, NY 10022 offers 8,327 square feet of fully vacant, medical office space for lease. The building comprises four individual suites, perfect for a variety of medical practices or commercial uses. Space is divisible, with a minimum leasable area of 837 square feet and a maximum contiguous space of 3,650 square feet, offering flexibility for tenants of varying sizes. The building boasts a convenient location in New York County, within the vibrant Midtown East neighborhood. The high ceilings, measuring 10 feet, create a spacious and comfortable environment. This is a multi-tenant building, presenting an excellent opportunity for businesses seeking a prestigious address in a highly sought-after area of Manhattan. The property is currently entirely vacant, providing a unique chance to customize the space to meet specific needs. This prime location offers easy access to public transportation, numerous amenities, and a high concentration of potential patients or clients. The address is 115 E 57th St, New York, NY 10022. Inquire today to learn more about this exceptional leasing opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,802,030

  6.5%

  $1,663,412

  7%

  $1,544,597

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,780,177

  Geo Method

  $1,780,177

• Alternative Use

  Use

  Valuation

  Residential

  $1,663,412

  Hospitality

  $1,523,676

  Educational

  $1,267,681

  Medical

  $1,311,278

  Retail

  $1,971,948

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7649

Longitude

-73.9779

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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