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    218 37Th St New York, NY 10018

    Sponsored
    For Lease
    $35 SF/Yr

    12,000 sq ft, Multiple Tenants Available

    Lot size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12,000 square foot commercial property, located at 218 W 37th St in New York County's Midtown West submarket (Garment District cluster), presents a unique investment opportunity. Built in 1925, the building offers a versatile space suitable for a variety of uses, including traditional office, executive office, coworking, medical office, and creative office spaces. Currently, two retail spaces totaling 3,000 square feet are immediately available for lease. The building's adaptable layout allows for customization to meet diverse business needs. The upper floors boast expansive open areas with high ceilings and abundant natural light, ideal for innovative fitness facilities or immersive wellness experiences. This prime Midtown West location provides unparalleled access to a wealth of amenities, dining options, and cultural attractions, ensuring high visibility and convenient access for tenants and clients alike. The property's modern design seamlessly blends functionality and aesthetic appeal, creating a dynamic and inspiring environment for any business. This is a rare chance to acquire a well-situated, adaptable property in a thriving New York City neighborhood. The multiple tenancy structure offers flexibility for various business models and income streams.

    Property Features for 218 37Th St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,000 SF
    Total Rate
    35000

    Building Details

    Year Built
    1925

    Unit(s) available at that property

    Space
    2nd Floor
    Size
    3,000 SF
    Rate per SF
    $35
    Space
    4th Floor
    Size
    3,000 SF
    Rate per SF
    $35

    HighLights

    • 12,000 square foot multi‑tenant building in Midtown West's Garment District.
    • Built in 1925.
    • Located at 218 W 37th St, New York County.
    • Offers retail and office space, including traditional office, executive office, coworking, medical office, and creative office options.
    • Two available retail spaces totaling 3,000 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    reflexolo Reflexologist Stretch House, Inc ... Wholesaler Gold Properties NYC Real Estate Agency AtelierTek Architects, PLLC Architecture Firm NKR Commerical Kitchen ... Commercial Refrigeration

    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
    -73.990148710805
    Latitude
    40.753291885079

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    FAQs

    What type of property is this?
    Individual retail property - 12,000 sq ft, Multiple Tenants Available
    Where is this individual retail property located?
    The property is located at 218 37Th St New York, NY.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: 12,000 square foot multi-tenant building in Midtown West's Garment District.; Built in 1925.; Located at 218 W 37th St, New York County.
    Request Owner's contact information
    218 37Th St 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
    218 37Th St New York, NY 10018
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