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    165 48Th St New York, NY 10036

    Sponsored
    For Lease
    $120 SF/Yr

    Prime Midtown, 600 sq ft, High Ceilings

    Lot size:
    600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 600-square-foot commercial space, located at 165 W 48th St in the heart of Times Square's Midtown submarket, presents a unique opportunity for a discerning tenant. Built in 1910, this single-tenant property boasts a stunning, four-story building with a massive wall of windows, providing abundant natural light and excellent street visibility. Ideal for retail or office use, the space features high ceilings and a private bathroom, adding to its functionality and appeal. The property's prime Times Square location offers unparalleled access to a high volume of foot traffic and significant brand exposure. Its traditional office subtype within a retail setting provides a versatile space adaptable to a variety of businesses. The address is 165 W 48th St, New York, NY 10036. This is a rare chance to secure a well-appointed space in one of the world's most iconic and high-traffic locations. The property's classic architecture and modern amenities combine to create a truly unique and desirable commercial offering. Don't miss this opportunity to establish your business in the vibrant energy of Times Square.

    Property Features for 165 48Th St

    General Information

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

    Building Details

    Year Built
    1910
    Stories
    4

    Unit(s) available at that property

    Space
    Size
    600 SF
    Rate per SF
    $120

    HighLights

    • 600 sq ft commercial space at 165 W 48th St, New York, NY 10036.
    • Located in Times Square's Midtown submarket.
    • Single‑tenant space in a four‑story building with high ceilings and abundant natural light.
    • Features a private bathroom and excellent street visibility.
    • Suitable for retail or office use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Carvel Ice Cream Shop Nail WAH Nail Salon Silk Ruug Cleanng Corporate Office Silk RuUg Care Corporate Office

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Dental Office Food Market Grocery Store Daycare Center Pharmacy

    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
    -73.9836175
    Latitude
    40.7598096

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Midtown, 600 sq ft, High Ceilings
    Where is this office property / space located?
    The property is located at 165 48Th St New York, NY.
    What is the lease rate?
    The lease rate is $120 SF/Yr.
    What are key features of this property?
    This property features: 600 sq ft commercial space at 165 W 48th St, New York, NY 10036.; Located in Times Square's Midtown submarket.; Single-tenant space in a four-story building with high ceilings and abundant natural light.
    Request Owner's contact information
    165 48Th St New York, NY 10036
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    New York, NY 10036
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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
    165 48Th St New York, NY 10036
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