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    325 38Th St New York, NY 10018

    For Lease
    $32 SF/Yr ($12,400 /Mo)

    NYC Office: 350-4650 sq ft available

    Lot size:
    4,650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional three-story, 4,650 square foot commercial property at 325 W 38th Street, New York, NY 10018, is ideally situated in the vibrant Garment District. Currently fully vacant, this multi-tenant building offers flexible space suitable for various office uses, including traditional, executive, medical, and creative office setups. The space includes ground floor and storefront options, providing excellent street visibility and accessibility. The building's location offers unparalleled convenience, with easy access to multiple subway lines, ensuring effortless commutes for employees and clients. The surrounding area boasts a rich tapestry of fashion and textile businesses, showrooms, and a diverse array of shopping and dining options. Enjoy the energy of the Garment District while benefiting from the proximity to Bryant Park's tranquil atmosphere and the entertainment hub of Times Square, just blocks away. This property presents a unique opportunity to establish a thriving business in one of Manhattan's most dynamic and sought-after locations. The building's versatile layout and prime location make it an exceptional investment opportunity for businesses seeking a prestigious address in the heart of New York City. Contact us today to learn more about this remarkable property and schedule a viewing.

    Property Features for 325 38Th St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,650 SF
    Total Rate
    12400

    Building Details

    Stories
    3

    Unit(s) available at that property

    Space
    Suite 501
    Size
    650 SF
    Rate per SF
    $38
    Space
    Suite 511
    Size
    1,350 SF
    Rate per SF
    $38
    Space
    Available Space
    Size
    4,650 SF
    Rate per SF
    $32

    HighLights

    • High ceilings throughout.
    • Abundant natural sunlight.
    • Polished concrete flooring.
    • Virtual tours and in‑person showings available.
    • Full‑service building with attended doorman.
    • On‑site property management.
    Property Profile Location Intelligence

    Current Use by Public Records

    Erich Soldat Textile ... Fabric Wholesaler Reber Design Architecture ... Architect QDigital Photography Studio Commercial Photographer Corstange Law Group ... Immigration Attorney The Babani Team Real Estate Consultant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market 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
    -73.9926932
    Latitude
    40.7554377

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    FAQs

    What type of property is this?
    Individual retail property - NYC Office: 350-4650 sq ft available
    Where is this individual retail property located?
    The property is located at 325 38Th St New York, NY.
    What is the lease rate?
    The lease rate is $32-$38 SF/Yr.
    What are key features of this property?
    This property features: High ceilings throughout.; Abundant natural sunlight.; Polished concrete flooring.
    Request Owner's contact information
    325 38Th 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
    325 38Th St New York, NY 10018
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