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    3rd 47Th St New York, NY 10017

    • Office Properties & Spaces
    For Lease
    View listing
    $32 SF/Yr
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 3rd 47Th St

    Property type
    Office Properties & Spaces

    Description

    This exceptional 2,250 square foot office space is ideally situated on the 5th floor of a building on East 47th Street in the heart of Midtown Manhattan, New York, NY 10017. The space is perfect for a single tenant and offers immediate possession. Monthly rent is $5,995, translating to $32 per square foot. The lease term is negotiable. The building features an elevator. The space is offered in as-is condition. Utilities, taxes, and landlord improvements are not included in the lease. All dimensions are approximate

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9777
    Latitude
    40.7564

    Comparable in this City

    • Value Estimation by Request
      8,182 SF

      147 48Th St

      Office Properties & Spaces • 8,182 SF
      147 48Th St, New York, NY 10017
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    • Value Estimation by Request
      146,191 SF

      400 Madison Ave, Unit 408

      OFFICE (GENERAL) • 146,191 SF
      400 Madison Ave, New York, NY 10017-1909
      View Details
    • Value Estimation by Request

      47Th St

      Office Properties & Spaces
      0 47Th St, New York, NY 10017
      View Details
    • Value Estimation by Request
      5,198 SF

      919 2Nd Ave

      Office space • 5,198 SF
      919 2Nd Ave, New York, NY 10017
      View Details
    • Value Estimation by Request
      1 SF

      295 Madison Ave

      Medical offices • 1 SF
      295 Madison Ave, New York, NY 10017
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    • Value Estimation by Request
      162,330 SF

      52 Vanderbilt Ave

      OFFICE (GENERAL) • 162,330 SF
      52 Vanderbilt Ave, New York, NY 10017-3808
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Office Space for Sale

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    Similar Nearby for Lease

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      600,000 SF

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    • $32 SF/Yr
      2,250 SF

      Midtown East 47th Street Office

      Prime Midtown NYC office space, 2,250 sq ft.
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    • $32 SF/Yr
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      Midtown East 47th Street Office

      Prime Midtown Manhattan office space.
      0 47Th St, New York, NY 10017
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      20,334 SF

      Lexington Ave Executive Suites

      Midtown East NYC Office Space Available
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    3rd 47Th St
    New York, NY 10017
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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
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