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    250 57Th St New York, NY 10107

    Sponsored
    For Lease
    Contact for pricing

    Prime Midtown location, flexible suites available.

    Lot size:
    16,597 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional multi-level executive office and street retail space at 250 West 57th Street offers an unparalleled opportunity in the heart of Midtown Manhattan. The building boasts a total of 16,597 square feet, divided into two suites, with 3,929 square feet currently vacant. Individual spaces range from a minimum of 1,065 square feet to a maximum contiguous area of 2,864 square feet, providing flexibility for various business needs. The property features impressive 20-foot ceilings, creating a spacious and modern atmosphere. Its strategic location directly across from Nordstrom's flagship store, near the Time Warner Center and Columbus Circle, ensures high visibility and foot traffic. The building's proximity to the 59th Street - Columbus Circle subway station (serving 13.7 million annual riders) and numerous top-name retailers and restaurants further enhances its appeal. This vibrant Midtown location is surrounded by over 28 million square feet of office space, providing a dense and affluent customer base. Convenient in-building access to the Turnstyle Underground Market and five subway lines (A, C, B, D, 1) ensures easy accessibility for employees and clients. This is a rare chance to secure a prestigious address in one of Manhattan's most sought-after commercial districts. The property's combination of size, location, and amenities makes it an ideal investment for discerning businesses seeking a prominent presence in the heart of New York City.

    Property Features for 250 57Th St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,597 SF

    Unit(s) available at that property

    Space
    Suite 103
    Size
    1,065 SF
    Space
    Suite 102 A
    Size
    2,864 SF

    HighLights

    • Retail and office space totaling 16,597 square feet.
    • Two suites available, ranging from 1,065 to 2,864 contiguous square feet; 3,929 square feet currently vacant.
    • Located at 250 West 57th Street in New York County, directly across from Nordstrom's flagship store.
    • Excellent Midtown location near Time Warner Center, Columbus Circle, and major transportation, including the 59th Street - Columbus Circle subway station (13.7 million annual riders).
    • 20‑foot ceiling heights.
    Property Profile Location Intelligence

    Current Use by Public Records

    Donald J Aibel ... Attorney Wright Adam Attorney Intelligent Music Entertainment Lawyer Chazan Paul M Attorney AuthorsOnTheWeb Website Designer

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -73.9824061
    Latitude
    40.7662424

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    FAQs

    What type of property is this?
    Individual retail property - Prime Midtown location, flexible suites available.
    Where is this individual retail property located?
    The property is located at 250 57Th St New York, NY.
    What are key features of this property?
    This property features: Retail and office space totaling 16,597 square feet.; Two suites available, ranging from 1,065 to 2,864 contiguous square feet; 3,929 square feet currently vacant.; Located at 250 West 57th Street in New York County, directly across from Nordstrom's flagship store.
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    250 57Th St New York, NY 10107
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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
    250 57Th St New York, NY 10107
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