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    18Th St New York, NY 10011

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    Prime NYC Medical Office Space, 5,000 SF

    Lot size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 5,000-square-foot medical office space is located on West 18th Street in New York County, NY, zip code 10011. The property is a Class B building offering a single-tenant occupancy in a highly desirable location. The entire 5,000 square feet is currently vacant and ready for immediate occupancy. Features include two elevators, a renovated lobby, and attended lobby services. The space boasts high ceilings, hardwood floors, and expansive new oversized windows providing excellent natural light and views from two sides. The modern updates include new bathrooms and a new HVAC system, allowing for 24/7 operation. The open floor plan minimizes columns, offering maximum flexibility for build-to-suit configurations. The building's current tenant mix includes media, advertising, and technology companies, indicating a vibrant and desirable neighborhood. Lease terms are flexible, ranging from 5 to 10 years. This full-floor opportunity presents a rare chance to secure a meticulously renovated medical office space in a prime Manhattan location.

    Property Features for 0 18Th St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,000 SF
    Class
    B

    Unit(s) available at that property

    Space
    Available Space
    Size
    5,000 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    New York
    County
    New York
    State
    New York
    Longitude
    -74.0002301
    Latitude
    40.7420603

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    FAQs

    What type of property is this?
    Medical office - Prime NYC Medical Office Space, 5,000 SF
    Where is this medical office located?
    The property is located at 18Th St New York, NY.
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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

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    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
    18Th St New York, NY 10011
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