16 Beaver StNew York, NY 10004

Property Details for 16 Beaver St

Year built

1900

Lot size

0.06 AC

Property size (Sq ft)

15,678 SF

Zone code

C5-5

Property type

Office properties

Property subtype

Office buildings

APN

00011-0007

APU

110007

Description

This exceptional offering presents two full-floor office spaces totaling 3,200 square feet within a boutique building in New York City's Financial District. Located at 16 Beaver Street, zip code 10004, this property boasts two distinct opportunities: the 2nd and 5th floors, each approximately 1600 square feet. Both floors feature attractive 9-foot ceilings, abundant natural light from three sides of windows, and tenant-controlled HVAC systems for optimal climate control. Each space includes a convenient pantry, two bathrooms, and polished wood floors, creating a sophisticated and functional environment. The 2nd-floor space offers an added advantage with canopies overlooking Beaver Street, providing excellent signage and visibility opportunities. The property is ideally suited for a variety of uses, including traditional office space, fitness centers, salons/medi-spas, medical offices, and other legal non-traditional businesses. This move-in ready condition makes it an attractive option for immediate occupancy. The building's location in the heart of the Financial District provides unparalleled access to transportation, amenities, and a vibrant business community. This is a rare opportunity to secure prime office space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,592,042

  6.5%

  $2,392,654

  7%

  $2,221,750

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,048,488

  Geo Method

  $2,048,488

• Alternative Use

  Use

  Valuation

  Residential

  $2,966,891

  Hospitality

  $2,717,656

  Educational

  $2,261,058

  Medical

  $2,338,819

  Retail

  $3,517,201

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7048

Longitude

-74.0125

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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