30 Morningside DrNew York, NY 10025

Property Details for 30 Morningside Dr

Year built

1954

Lot size

1.09 AC

Property size (Sq ft)

265,216 SF

Zone code

R8

Property type

Apartment buildings

APN

01866-0002

APU

18660002

Description

This exceptional 2,700 square foot medical office space is ideally situated at 30 Morningside Drive, offering unparalleled visibility and accessibility. The single-tenant space boasts a 9-foot ceiling height and a prominent 50-foot frontage, ensuring maximum exposure. Its strategic location directly adjacent to Mount Sinai Hospital and in close proximity to Columbia University and its dormitories provides a high-traffic environment with a strong potential patient and student base. The property is also part of a luxury 204-unit apartment complex, further enhancing its appeal and accessibility. The building itself is a landmark structure, situated across from Morningside Park, offering a beautiful and tranquil setting. A private entrance on 113th Street provides convenient and discreet access. This location offers a vibrant and diverse neighborhood, with nearby amenities including Walgreens, Starbucks, Sweetgreen, Lululemon, Blue Bottle Coffee, BondVet, Haagen-Dazs, Dos Toros, and other popular establishments. The property is perfectly suited for a variety of uses, including medical facilities, educational centers, community centers, non-profit organizations, and religious centers. The entire 2,700 square feet is currently vacant and ready for immediate occupancy. This is a rare opportunity to secure a high-profile space in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $54,371,676

  6.5%

  $50,189,240

  7%

  $46,604,296

• Comparable approach

  Method

  Valuation

  Relative Method

  $53,712,340

  Geo Method

  $53,712,340

• Alternative Use

  Use

  Valuation

  Residential

  $50,189,240

  Hospitality

  $45,973,076

  Educational

  $38,249,060

  Medical

  $39,564,504

  Retail

  $59,498,536

Location Insight

City

New York

County

New York

State

New York

Latitude

40.8045

Longitude

-73.9607

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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