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    3rd 47Th St New York, NY 10017

    For Lease
    $32 SF/Yr

    Prime Midtown NYC office space, 2,250 sq ft.

    Lot size:
    2,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2,250 square foot office space is ideally situated on the 5th floor of a building on East 47th Street in the heart of Midtown Manhattan, New York, NY 10017. The space is perfect for a single tenant and offers immediate possession. Monthly rent is $5,995, translating to $32 per square foot. The lease term is negotiable. The building features an elevator. The space is offered in as-is condition. Utilities, taxes, and landlord improvements are not included in the lease. All dimensions are approximate

    Property Features for 3rd 47Th St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,250 SF

    Unit(s) available at that property

    Space
    Size
    2,250 SF
    Rate per SF
    $32
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Daycare Center Auto Repair Shop Gym & Fitness

    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
    -73.977654
    Latitude
    40.7564414

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Midtown NYC office space, 2,250 sq ft.
    Where is this office property / space located?
    The property is located at 3rd 47Th St New York, NY.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    Request Owner's contact information
    3rd 47Th St New York, NY 10017
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    New York, NY 10017
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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
    3rd 47Th St New York, NY 10017
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