313 5Th AveNew York, NY 10016
- Office properties
- 11,700 SF
Property Details for 313 5Th Ave
- Year built
- 1925
- Lot size
- 0.10 AC
- Property size (Sq ft)
- 11,700 SF
- Zone code
- C5-2
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 00861-0076
- APU
- 8610076
Description
This exceptional creative office space, located at 313 Fifth Avenue (between West 32nd Street and West 31st Street) in New York County, NY 10016, offers a unique opportunity to lease a full floor within a 14,000 square foot building. The space boasts a minimum divisible area of 2,000 square feet, perfect for a variety of businesses. The office features high exposed ceilings, abundant natural light from large windows, and private keyed elevator access for enhanced security and privacy. Additional amenities include private bathrooms and a dedicated reception area. The expansive open floor plan is ideal for a creative workspace, easily adaptable to accommodate various layouts, from an open bullpen to a configuration with individual offices and a conference room. This prestigious Midtown South location on Fifth Avenue provides unparalleled visibility and accessibility. The asking price represents an incredible value for a full-floor office in this highly sought-after area, making it an attractive option for tech companies, media firms, advertising agencies, financial services businesses, or any organization seeking a prominent and functional workspace. The space is currently available for lease.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,934,360
- 6.5%
- $1,785,563
- 7%
- $1,658,022
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,528,722
- Geo Method
- $1,528,722
-
Alternative Use
- Use
- Valuation
- Residential
- $2,214,098
- Hospitality
- $2,028,102
- Educational
- $1,687,357
- Medical
- $1,745,388
- Retail
- $2,624,777
Location Insight
- City
- New York
- County
- New York
- State
- New York
- Latitude
- 40.7468
- Longitude
- -73.9852
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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