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    235 50Th St New York, NY 10022

    For Lease
    $5 SF/Yr

    1500 sq ft, Turnkey Office Basement

    Lot size:
    1,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1,500 square foot turnkey office space is ideally situated in a prime New York County location. The property is classified as a Class A building and offers a single-tenant occupancy, perfect for a variety of businesses. The space is located in a basement setting, providing a secure and private environment. The "turnkey" nature of the space suggests it's ready for immediate occupancy, minimizing setup time and costs for the new tenant. The description highlights its suitability for various uses, including a traditional office, a dry cleaning establishment, or other similar businesses. The building's Class A designation indicates high-quality construction, modern amenities, and a desirable location within New York County. The single-tenant occupancy ensures exclusive use of the space, offering privacy and control over the environment. This 1,500 square foot area provides ample room for a variety of business needs, making it an attractive option for companies seeking a well-located, efficient, and ready-to-use office space in a prestigious New York County address. The traditional office subtype suggests a layout suitable for standard office functions, with potential for customization to meet specific business requirements. This property presents a unique opportunity for businesses seeking a convenient and well-appointed space in a highly desirable area.

    Property Features for 235 50Th St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,500 SF
    Class
    A

    Unit(s) available at that property

    Space
    Size
    1,500 SF
    Rate per SF
    $5

    HighLights

    • 1,500 sq. ft. single‑tenant office space.
    • Class A office building in New York County.
    • Traditional office space, suitable for various uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Best Apartments North Apartment Rental Agency 中環廣場劇院 Performing Arts Theater Circle in the Square Theatre Performing Arts Theater Circle in the Square Theatre ... Performing Arts Theater Landmark Resources LLC Apartment Rental Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    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
    -73.9692055
    Latitude
    40.7553956

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    FAQs

    What type of property is this?
    Office Property / Space - 1500 sq ft, Turnkey Office Basement
    Where is this office property / space located?
    The property is located at 235 50Th St New York, NY.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: 1,500 sq. ft. single-tenant office space.; Class A office building in New York County.; Traditional office space, suitable for various uses.
    Request Owner's contact information
    235 50Th St New York, NY 10022
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    New York, NY 10022
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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
    235 50Th St New York, NY 10022
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