Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1156 6Th Ave New York, NY 10036
    Back to Search
    Property profile & analytics

    1156 6Th Ave New York, NY 10036

    View on Map
    • Office Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rpr Marketing Communications / Advertising Agency / Marketing & Advertising
    • Cad Cam NYC - Custom Jewelry / (Bike/Boat/Book/etc) Store
    • Wells Fargo ATM / Atm
    • Ansonia Partners / Corporate Office
    • Chirag Designs / (Bike/Boat/Book/etc) Store

    Property Details for 1156 6Th Ave

    Property type
    Office Spaces

    Description

    This exceptional 5,600 square foot office space, located on the entire 4th floor at 1156 6th Avenue (West 37th Street) in Midtown South, New York, NY 10036, presents a unique opportunity. Currently configured as a showroom and office, this single-tenant space boasts a flexible layout ideal for various uses. The space includes four rooms: a main hall, a smaller room, a dedicated office, and a small area with two bathrooms. Previously utilized for runway shows, the space is ready for immediate occupancy. The asking monthly rent is $16,000, translating to approximately $34 per square foot. Ceiling height and frontage details are available upon request. The property is offered as-is, with lease terms negotiable. Taxes and utilities are to be determined. All dimensions are approximate

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    Saratoga
    State
    New York
    Longitude
    -73.9906
    Latitude
    40.7533

    Comparable in this City

    • Value Estimation
      $15,215,000
      46,410 SF

      440 41st St, Unit 1

      CONDOMINIUM OFFICES • 46,410 SF
      440 41st St, New York, NY 10036-6815
      View Details
    • Value Estimation
      $2,590,000
      5,641 SF

      605 42nd Stcu-6

      CONDOMINIUM OFFICES • 5,641 SF
      605 42nd Stcu-6, New York, NY 10036-2010
      View Details
    • Value Estimation
      $1,380,000
      2,600 SF

      1567 Broadwaysign2

      CONDOMINIUM OFFICES • 2,600 SF
      1567 Broadwaysign2, New York, NY 10036-1517
      View Details
    • Value Estimation by Request
      468 SF

      200 41st Stsign

      CONDOMINIUM OFFICES • 468 SF
      200 41st Stsign, New York, NY 10036-7209
      View Details
    • Value Estimation
      $2,800,000
      9,404 SF

      440 41st Stlha1

      CONDOMINIUM OFFICES • 9,404 SF
      440 41st Stlha1, New York, NY 10036-6815
      View Details
    • Value Estimation
      $560,000
      2,123 SF

      605 42nd Stcu-4

      CONDOMINIUM OFFICES • 2,123 SF
      605 42nd Stcu-4, New York, NY 10036-2010
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,750 SF

      Theater District Commercial Building

      Commercial building in Theater District / Midtown West.
      254 W 47Th St, New York, NY 10036
      View Details
    • Contact for pricing

      Office Space for Sale

      Office property available for purchase in New York, NY.
      609 W 46Th St, New York, NY 10036
      View Details
    • $2,300,000

      Gem Tower Office Condominium

      Class A office space in Manhattan's Diamond District.
      50 W 47 St-#2015, New York, NY 10036
      View Details
    • $2,200,000

      Premier Gem Tower Office Condominium

      Class A office space in Manhattan's Diamond District.
      50 W 47 St-, New York, NY 10036
      View Details
    • $8,500,000

      Manhattan Gem Tower Office Condo

      Class A office space in Manhattan's Diamond District.
      50 W 47 St-#1611, New York, NY 10036
      View Details
    • $42,600,000
      35,000 SF

      Unique Midtown West Office Building

      New 35,000 SF office building in Midtown West.
      639-643 11Th Ave, New York, NY 10036
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Luxury Apartments Adjacent Commercial Space

      Commercial space near luxury apartments in New York.
      649 West 42Nd St, New York, NY 10036
      View Details
    • Contact for pricing

      Single Tenant Office Space

      8,656 SqFt single tenant office space for rent.
      45 W 45Th St, New York, NY 10036
      View Details
    • Contact for pricing

      Americas Tower

      Discover many ways to work your way in Ridgewood Corporate Square
      1177 Avenue Of The Americas, New York, NY 10036
      View Details
    • Contact for pricing
      162,822 SF

      Fifth Avenue Office Space Available

      Industry-leading office space emphasizing self-care and connectivity.
      530 5Th Ave, New York, NY 10036
      View Details
    • Contact for pricing
      1,274 SF

      Diamond District Office Space

      Office space for rent in the Diamond District.
      37 W 47Th St, New York, NY 10036
      View Details
    • Contact for pricing
      879 SF

      Historic Times Square Office Space

      Prime office space in a historic Times Square building.
      1560 Broadway, New York, NY 10036
      View Details
    Request Owner's contact information
    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.
    1156 6Th Ave
    New York, NY 10036
    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
    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

    Thank You for Inquiry
    1156 6Th Ave, New York, NY, 10036
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!