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    3 30Th St New York, NY 10001

    For Sale
    $16,500,000

    Prime NoMad location, 10,595 SF, redevelopment potential.

    Property size:
    10,595 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional five-story, 10,595-square-foot commercial building at 3 W 30th Street in Manhattan's NoMad neighborhood presents a unique investment opportunity. Built in 1910 and renovated in 2015, the property is currently vacant, offering immediate flexibility for redevelopment or repositioning. The building sits on a 2,425-square-foot lot and is zoned M1-6, allowing for a wide range of commercial uses. Significant development potential exists, with 14,098 square feet of unused air rights, increasing the maximum usable floor area to 24,690 square feet. The current floor area ratio (FAR) is 4.29, while the permitted FAR is 10. This prime location, just blocks from Madison Square Park and the Empire State Building, offers excellent connectivity to major subway lines and is surrounded by high-end hotels, tech firms, and popular restaurants. The asking price is $16,500,000, with annual property taxes of $75,099 (Tax Class 4). The building consists of five units across five stories, offering a blank canvas for a new owner to maximize its potential. This is an ideal opportunity for investors seeking both immediate value and long-term growth in a rapidly evolving Manhattan neighborhood.

    Property Features for 3 30Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,595 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1910/2015
    Buildings
    1
    Stories
    5
    Units
    5

    HighLights

    • High annual property taxes of $75,099 (Tax Class 4).
    • Existing FAR of 4.29.
    • 14,098 SF of unused FAR.
    • M1‑6 commercial zoning with a 10 FAR.
    • Maximum usable floor area of 24,690 SF.
    • No landmark restrictions, allowing for flexible redevelopment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Anniversary And Love Flowers ... Flower Delivery Camelot Realty Group Property Management Company Megerian Carpet Cleaners Carpet Cleaning Service Megerian Law Firm, ... Law Firm Lash Milly Beauty Salon

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Law Firm Nail Salon Food Market 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
    -73.986949139673
    Latitude
    40.746173715721

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    FAQs

    What type of property is this?
    Individual retail property - Prime NoMad location, 10,595 SF, redevelopment potential.
    Where is this individual retail property located?
    The property is located at 3 30Th St New York, NY.
    What is the asking price?
    The asking price for this property is $16,500,000.
    What are key features of this property?
    This property features: High annual property taxes of $75,099 (Tax Class 4).; Existing FAR of 4.29.; 14,098 SF of unused FAR.
    Request Owner's contact information
    3 30Th St New York, NY 10001
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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
    3 30Th St New York, NY 10001
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