Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    34 36Th St New York, NY 10018

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime NYC location, high potential, flexible space.

    Property size:
    11,280 SF

    Property Features for 34 36Th St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    11,280 SF

    Building Details

    Stories
    6

    We can help!

    Listing Contact
    Michael Tortorici
    Michael Tortorici

    Listing Agency: Ariel Property Advisors Listing Agent: Michael Tortorici

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional six-story executive office building at 34 West 36th Street, situated in Midtown South between 5th and 6th Avenues, presents a compelling investment opportunity. The property boasts a substantial 11,280 to 19,750 square feet of space, currently configured with open floor plans allowing for flexible use and customization to suit various business needs. The asking price is $8,250,000, translating to a price per square foot of $731. The master lease expires in December 2024, providing a significant opportunity for repositioning the property or owner-user occupancy. The building's strategic location offers unparalleled access to major transportation hubs, including Penn Station, and numerous subway lines (1,2,3,B,D,F,M,N,Q,R,W), as well as the LIRR and Amtrak. Nearby attractions such as Madison Square Garden, the Empire State Building, and Bryant Park further enhance its desirability. Adding to its potential, the property includes 8,470 square feet of available air rights, presenting significant upside for future development. The lot size is 1,975 square feet, and the permitted zoning is M1-6. This is a rare chance to acquire a well-located, adaptable office building in a thriving New York City market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dynamex Business To Business Service Chocolat Blu Clothing & Fashion Store Green Air Care ... HVAC Service TForce Logistics - New ... Trucking Company silver18.com Factory

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Law Firm Grocery & Convenience Store Daycare Center

    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
    -73.985281
    Latitude
    40.7501977

    Nearby Similar for Sale

    • $845,000
      1,600 SF

      Flushing Medical Condo For Sale

      1,600 SF medical condo in Downtown Flushing near transportation.
      133-47 Sanford Ave, Flushing, NY 11355
      View Details
    • $749,000
      1,000 SF

      Retail Property in Jamaica, Queens

      Prime retail space with high visibility in a thriving commercial corridor.
      14703 Guy R Brewer Blvd, Jamaica, NY 11434
      View Details
    • New
      $69,900
      776 SF

      Turnkey Salon in Midtown Manhattan

      Fully operational lash and brow salon in prime Midtown Manhattan.
      39W New York Plz, Manhattan, NY 10001
      View Details
    • $371,000

      Flushing Retail Business For Sale

      Established nail supply business with exclusive wholesale rights.
      5904 Kissena Blvd, Flushing, NY 11355
      View Details
    • New
      $4,995,000
      4,875 SF

      West Houston Commercial Building Opportunity

      Turn-of-the-century commercial building in prime West Houston location.
      205 West Houston St, New York, NY 10014
      View Details
    • $1,350,000
      861 SF

      Spacious Condo in Prime Location

      Well-maintained condo suitable for various community facilities and professional uses.
      144-38 35Th Ave, Flushing, NY 11354
      View Details
    • $3,000,000
      1,630 SF

      Flushing Office Condo For Sale

      Turnkey 1,630 SF office condo in Downtown Flushing.
      38-25 Main St, Flushing, NY 11354
      View Details
    • $298,000
      912 SF

      Renovated Office Space in Flushing

      Spacious, renovated office space with updated HVAC and low maintenance.
      12215 25Th Rd, Flushing, NY 11354
      View Details
    • $290,000

      Professional Co-op Office in Flushing

      Professional co-op office space suitable for various practices in Flushing.
      141-05 Northern Boulevard, Flushing, NY 11354
      View Details
    • $1,850,000
      8,010 SF

      Commercial Storefront in New York

      Spacious commercial store with basement and backyard in New York.
      75 Allen St, New York, NY 10002
      View Details
    • $1,390,000
      1,731 SF

      Flushing Commercial Property For Sale

      Commercial property in Flushing, NY, ideal for various professional uses.
      14627 Beech Ave, Flushing, NY 11355
      View Details
    • $1,990,000
      7,101 SF

      Flushing Commercial Unit For Sale

      7,101 SF commercial unit in Flushing, ideal for diverse uses.
      146-27 Beech Ave, Flushing, NY 11355
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Prime NYC location, high potential, flexible space.
    Where is this mixed-use property located?
    The property is located at 34 36Th St New York, NY.
    What is the asking price?
    The asking price for this property is $8,250,000.
    What are key features of this property?
    This property features: Six-story, 11,280 square foot elevator building in Midtown South, between 5th and 6th Avenues.; Master lease expiration in December 2024 presents repositioning or owner-user potential.; Flexible open floor plans.
    (212) 544-9500 Call to check price and availability
    Request Owner's contact information
    34 36Th St New York, NY 10018
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    34 36Th St
    New York, NY 10018
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    34 36Th St New York, NY 10018
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Tortorici
    Michael Tortorici
    Real Estate License ID: 401085153
    (212) 544-9500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!