125 Park AveNew York, NY 10017

Property Details for 125 Park Ave

Year built

1923

Lot size

0.57 AC

Property size (Sq ft)

520,416 SF

Zone code

C5-3

Property type

Office properties

Property subtype

Office buildings

APN

01296-0001

APU

12960001

Description

This exceptional 25,366-square-foot retail space is available for sublease at 125 Park Avenue, situated between East 41st and 42nd Streets in the heart of Midtown Manhattan, New York County, NY 10017. The property boasts a single-tenant occupancy, offering a unique opportunity for a business seeking a substantial and highly visible presence in one of New York City's most prestigious locations. The entire space is currently vacant, providing immediate occupancy for the right tenant. The building's address, 125 Park Avenue, is easily accessible and benefits from excellent public transportation links, ensuring high foot traffic and convenient access for employees and customers. This prime retail location presents an unparalleled chance to establish or expand a business within a vibrant and affluent neighborhood. The property's size and prominent location make it ideal for a wide range of retail uses, from flagship stores to expansive showrooms. The sublease opportunity offers a flexible and potentially cost-effective entry point into this coveted market. Detailed lease terms are available upon request. This is a rare chance to secure a significant retail presence in a highly sought-after area of Manhattan. The property is classified as Commercial Retail and is located at the intersection of Park Avenue and East 41st/42nd Streets.

• CAP approach

  CAP return

  Valuation

  6%

  $86,040,312

  6.5%

  $79,421,824

  7%

  $73,748,840

• Comparable approach

  Method

  Valuation

  Relative Method

  $67,997,552

  Geo Method

  $67,997,552

• Alternative Use

  Use

  Valuation

  Residential

  $98,483,064

  Hospitality

  $90,209,952

  Educational

  $75,053,624

  Medical

  $77,634,832

  Retail

  $116,750,080

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7516

Longitude

-73.9775

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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