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    OFF-MARKET
    Retail properties & Spaces

    375 Park Ave Cor, New York, NY 11205

    72,000 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional 72,000 square foot property at 375 Park Avenue in New York City's vibrant Kings County (zip code 11205) presents a unique investment and development opportunity. Currently configured as a single-story (72,000 total square feet) building, 12,800 square feet are immediately available for lease. The existing space is utilized as a light marble cutting facility, showroom, and office space, showcasing its adaptability. The property is zoned M1-2, allowing for a wide range of commercial uses. A significant advantage is the landlord's commitment to constructing a brand-new, ultra-contemporary building with ample parking for a long-term tenant. This build-to-suit option allows for complete customization to meet specific business needs, maximizing the potential of this prime location. The property's multiple tenancy allows for flexibility in lease terms and occupancy. This is an unparalleled chance to secure a substantial presence in a high-demand area of New York City, offering both immediate occupancy and the potential for a completely redesigned, state-of-the-art facility. The property's corner location on Park Avenue ensures high visibility and accessibility. This is a rare opportunity to acquire a significant commercial space in a thriving New York City neighborhood.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 72,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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