575 End AveNew York, NY 10024

Property Details for 575 End Ave

Year built

1915

Lot size

0.23 AC

Property size (Sq ft)

104,942 SF

Zone code

R10A

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

01249-0036

APU

12490036

Description

This exceptional office space, located on West End Avenue and 88th Street in Manhattan's Upper West Side, offers a variety of configurations to suit diverse business needs. The space is part of a newly renovated suite within a full-service luxury building featuring a 24/7 doorman. The suite itself boasts a private waiting area, a well-equipped kitchenette, multiple bathrooms, and ample storage, providing a comfortable and functional work environment. The building is a Class C property, originally constructed in 1925, and is conveniently located near the intersection of West End Avenue and 88th Street, offering easy access to public transportation and various amenities. The available office spaces cater to various business models, including traditional office setups, executive offices, co-working arrangements, medical offices, and creative office spaces. Multiple tenancy options are available, allowing for flexibility in lease terms. Leases are available immediately for terms ranging from one to two years. Tenants are only responsible for a minimal charge covering electricity and internet access; there are no broker fees or additional fees. While the exact square footage is not currently available, the suite offers a range of private office sizes to accommodate different business requirements. This presents a rare opportunity to secure high-quality, well-appointed office space in a desirable Upper West Side location.

• CAP approach

  CAP return

  Valuation

  6%

  $21,514,058

  6.5%

  $19,859,130

  7%

  $18,440,622

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,253,168

  Geo Method

  $21,253,168

• Alternative Use

  Use

  Valuation

  Residential

  $19,859,130

  Hospitality

  $18,190,858

  Educational

  $15,134,580

  Medical

  $15,655,081

  Retail

  $23,542,680

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7901

Longitude

-73.9773

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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