30 Irving PlNew York, NY 10003

Property Details for 30 Irving Pl

Year built

1912

Lot size

0.19 AC

Property size (Sq ft)

102,805 SF

Zone code

R8A

Property type

Banks

APN

00871-0060

APU

8710060

Description

This exceptional sublease opportunity presents a meticulously maintained 9,353+/- square foot office space on the fifth floor of a prestigious 19-story pre-war building at 30 Irving Place, in the coveted Gramercy Park submarket of Manhattan. The space boasts a thoughtfully designed layout including a welcoming reception area, two private offices, two conference rooms, a large bullpen area accommodating 64 workstations, a dedicated print and mail center, ample storage (six rooms/closets), a convenient kitchen, a janitor's closet, and two restrooms. High ceilings (10 feet, 12 feet slab-to-slab) and abundant natural light stream in from 34 windows (18 west-facing, 12 north-facing, and 4 east-facing). Access is effortless via two elevators from the attended ground-floor lobby. This location offers unparalleled convenience with easy access to multiple subway lines (L, N, Q, R, W, 4, 5, and 6) at the 14th Street Union Square station, as well as various bus routes. The lease includes a pro-rata share of building taxes (8.33% of the total tax burden), while electricity is paid directly by the tenant. Water and sprinkler system maintenance are estimated at $200 per month each. The tenant is responsible for maintaining the existing air conditioning contract. This property is ideal for businesses seeking a sophisticated and functional workspace in a vibrant, central location.

• CAP approach

  CAP return

  Valuation

  6%

  $19,447,400

  6.5%

  $17,951,500

  7%

  $16,669,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,969,800

  Geo Method

  $13,969,800

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $35,007,100

  Mixed-Use / Specialty

  $17,887,500

  Hospitality / Lodging

  $13,123,500

  Office

  $17,781,200

  Institutional / Educational

  $18,595,800

  Residential Income

  $21,757,000

  Multifamily

  $26,094,200

  Automotive / Energy

  $15,939,200

  Parking / Income-Based Land

  $5,500,430

  Restaurant / Food Service

  $9,303,410

  Healthcare / Senior Housing

  $18,343,300

Location Insight

City

New York

County

New York

State

New York

Latitude

40.735

Longitude

-73.9877

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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