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    256 W 38Th St New York, NY 10018

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    For Sale
    Contact for pricing

    Institutional quality office and retail property with significant occupancy.

    Property size:
    117,431 SF
    Lot size:
    0.17 Acres

    Property Features for 256 W 38Th St

    General Information

    Size
    117,431 SF
    Lot size
    0.17 Acres

    Source: B6 Real Estate Advisors Agent Alex Woodlief

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Modernized Office & Retail Asset

    This modernized office and retail asset features significant occupancy, cash flow, and remaining lease term. The property has undergone $5 million in recent capital improvements, including renovations to the lobby, elevators, HVAC, bathrooms, and tenant spaces. It offers ideal floorplates with notable light and air. The building is located adjacent to significant redevelopment and public transportation. The property size is 117431 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chimney Cleaning & Fireplaces ... Chimney Sweep Bordless Media Photo Agency Job Path Non-Profit Organization Francis X. Gray, ... Consultant Mount Rainier Acquisition ... Investment Service

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Grocery Store Daycare Center Law Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9907791
    Latitude
    40.7542472

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    FAQs

    What type of property is this?
    Office building - Institutional quality office and retail property with significant occupancy.
    Where is this office building located?
    The property is located at 256 W 38Th St New York, NY.
    What are key features of this property?
    This property features: - Significant occupancy, cash flow & remaining lease term.; - $5M recent capital improvements.; - Renovated lobby, elevators, HVAC, bathrooms & tenant spaces.
    (646) 933-2677
    Request Owner's contact information
    256 W 38Th St New York, NY 10018
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    New York, NY 10018
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    256 W 38Th St New York, NY 10018
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