103 5Th AveNew York, NY 10003

Property Details for 103 5Th Ave

Year built

1926

Lot size

0.05 AC

Property size (Sq ft)

24,881 SF

Zone code

C64M

Property type

Banks

APN

00846-0004

APU

8460004

Description

This exceptional retail property, located at 103 5th Avenue in New York City's vibrant New York County (zip code 10003), offers a total of 3,200 square feet of commercial space currently available for lease. The property is classified as multi-tenant retail, presenting a unique opportunity for businesses seeking flexible space options. Two distinct spaces are immediately available, with a minimum leasable area of 700 square feet and a maximum contiguous space of 2,500 square feet. This allows for adaptability to various business needs and sizes. The entire 3,200 square foot building is currently vacant, providing a blank canvas for a single tenant or the opportunity to create a synergistic retail environment with multiple occupants. The property's prime Manhattan location ensures high visibility and foot traffic, making it an ideal location for a variety of retail ventures. This is a rare opportunity to secure a significant retail presence in one of New York City's most sought-after areas. Interested parties are encouraged to inquire for further details and leasing information. The property's address is 103 5th Ave, New York, NY 10003.

• CAP approach

  CAP return

  Valuation

  6%

  $6,046,952

  6.5%

  $5,581,802

  7%

  $5,183,102

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,192,398

  Geo Method

  $8,192,398

• Alternative Use

  Use

  Valuation

  Residential

  $4,708,458

  Hospitality

  $4,312,922

  Educational

  $3,588,301

  Medical

  $3,711,708

  Retail

  $5,581,802

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7381

Longitude

-73.9917

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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