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    500-516 8Th Ave New York, NY 10018

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    For Sale
    Contact for pricing

    Two building office complex in Midtown near Penn Station.

    Property size:
    250,850 SF
    Lot size:
    0.51 Acres

    Property Features for 500-516 8Th Ave

    General Information

    Size
    250,850 SF
    Lot size
    0.51 Acres

    Source: BKREA Agent Bob Knakal

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

    Overview

    Two Building Midtown Office Complex

    The property includes a 13-story office building at 500 8th Avenue and an adjoining 3-story commercial building at 516 8th Avenue. The combined lot area is approximately 22,348 square feet. The property is located on the easterly blockfront of 8th Avenue between West 35th and West 36th Street, two blocks north of Penn Station, Madison Square Garden, and the renovated Penn District.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

    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
    -73.9926064
    Latitude
    40.7530623

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    FAQs

    What type of property is this?
    Office building - Two building office complex in Midtown near Penn Station.
    Where is this office building located?
    The property is located at 500-516 8Th Ave New York, NY.
    What are key features of this property?
    This property features: - Prime location on the easterly blockfront of 8th Avenue between West 35th and West 36th Street.; - Proximity to transportation hubs, being just two blocks north of Penn Station.; - Close to major attractions like Madison Square Garden and the renovated Penn District.
    (917) 509-9501
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    500-516 8Th Ave 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
    500-516 8Th Ave New York, NY 10018
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