Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    600 Avenue Of The Americas New York, NY 10011
    Property profile & analytics

    600 Avenue Of The Americas, New York, NY 10011

    View on Map
    • Retail properties & Spaces
    • 8,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 600 Avenue Of The Americas

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional 8,000 square foot commercial property at 600 Avenue of the Americas in New York City, NY 10011 offers a unique opportunity for businesses seeking flexible and adaptable space. Located in New York County, this multi-tenant building features a blend of retail, office, and industrial uses, currently offering two available spaces ranging from 500 to 7,500 contiguous square feet. The building boasts a prominent 92-foot frontage on Avenue of the Americas and an 82-foot frontage on West 17th Street, ensuring high visibility and accessibility. Ideal for medical offices or flexible workspace needs, the space includes a ceiling height of 10 feet and convenient elevator access. The property is perfectly situated to serve a diverse clientele, benefiting from its central location and excellent transportation links within the vibrant New York City landscape. With a total building size of 8,000 square feet, and currently 8,000 square feet vacant, this property presents a rare chance to secure a significant footprint in a prime Manhattan location. The minimum divisible space is 500 square feet, allowing for customization to suit various business requirements. Inquire today to learn more about this exceptional leasing opportunity.

    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
    New York
    State
    New York
    Longitude
    -73.995
    Latitude
    40.7393

    Comparable in this City

    • Value Estimation by Request

      359 23Rd St

      Office Units
      359 23Rd St, New York, NY 10011
      View Details
    • Value Estimation by Request

      359 23Rd St

      Office Units
      359 23Rd St, New York, NY 10011
      View Details
    • Value Estimation by Request
      5,000 SF

      18Th St

      Medical Office Space
      0 18Th St, New York, NY 10011
      View Details
    • Value Estimation by Request
      1,200 SF

      420 23Rd St

      Medical Office Space
      420 23Rd St, New York, NY 10011
      View Details
    • Value Estimation by Request

      128 13Th St

      Medical Office Space
      128 13Th St, New York, NY 10011
      View Details
    • Value Estimation by Request
      2,256 SF

      251 19Th St

      Medical Office Space
      251 19Th St, New York, NY 10011
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Chelsea Medical Condominium on 23rd

      1,600 sq ft medical condo in prime Chelsea location.
      420 W 23Rd St, New York, NY 10011
      View Details
    • Contact for pricing
      12,320 SF

      West Village Elevator Townhouse

      Historic mixed-use townhouse with retail, office, and residential potential.
      241 W 14Th St, New York, NY 10011
      View Details
    • Contact for pricing
      6,250 SF

      Chelsea Mixed-Use Building For Sale

      Five-story walkup with apartments and commercial space in Chelsea.
      220 West 16Th St, New York, NY 10011
      View Details
    • Contact for pricing
      11,550 SF

      Chelsea Mixed-Use Building For Sale

      Mixed-use building with retail and apartments in Chelsea, NYC.
      131 W 14Th St, New York, NY 10011
      View Details
    • Contact for pricing
      1,724 SF

      Retail Condo with Basement Space

      Retail condo featuring ground floor and basement, suitable for showroom.
      124 W 18Th St, New York, NY 10011
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Flexible Gallery/Showroom/Warehouse Space Available

      Adaptable space for gallery, showroom, or warehouse in New York.
      11Th Ave, New York, NY 10011
      View Details
    • Contact for pricing
      1,100 SF

      Fifth Avenue Retail/Office Space

      Retail or office space in luxury residential building.
      2022 5Th Ave, New York, NY 10011
      View Details
    • Contact for pricing
      1,520 SF

      Chelsea Space for Diverse Uses

      Adaptable space in Chelsea suitable for various commercial ventures.
      28 W 12Th St, New York, NY 10011
      View Details
    • Contact for pricing
      3,000 SF

      Bar/Lounge/Speak-Easy Opportunity

      Prime location with outdoor green-space and high foot traffic.
      191-197 7Th Ave, New York, NY 10011
      View Details
    • Contact for pricing
      1,800 SF

      Vented Restaurant with 4AM License

      Restaurant space with basement and 4AM liquor license.
      457 W 17Th St, New York, NY 10011
      View Details
    • Contact for pricing
      1,850 SF

      Vented Restaurant Space Available

      Restaurant space with high ceilings and basement walk-ins.
      214 7Th Ave, New York, NY 10011
      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.
    600 Avenue Of The Americas
    New York, NY 10011
    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
    600 Avenue Of The Americas, New York, NY, 10011
    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!