Property profile

375 Park Ave Cor New York, NY 11205

OFF-MARKET
Retail properties & Spaces
72,000 SF
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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

Location

375 Park Ave Cor New York, NY 11205
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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