Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    315 Avenues New York, NY 10018

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    315 Avenues New York, NY 10018

    View on Map
    • Retail properties & Spaces
    • 11,711 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 315 Avenues

    Property size
    11,711 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Industrial properties

    Description

    This exceptional 11,711 square foot multi-tenant retail and industrial property, located at 315 West 36th Street between 8th and 9th Avenues in New York County, NY 10018, presents a unique investment opportunity. The building boasts a prominent 53-foot frontage, offering excellent visibility and accessibility. Currently, the entire 11,711 square feet is available for lease, divisible into spaces ranging from a minimum of 1,039 square feet to a maximum contiguous space of 3,664 square feet. The building is comprised of five individual suites, providing flexibility for various business needs. Its classification as both retail and industrial space makes it suitable for a wide range of uses. The property's central location in Manhattan, between 8th and 9th Avenues, provides easy access to major transportation arteries and a vibrant commercial district. This is an ideal opportunity for businesses seeking a high-profile location with versatile space options in a dynamic New York City neighborhood. The property's size and layout offer significant potential for customization and adaptation to suit specific tenant requirements. Interested parties are encouraged to inquire for further details and leasing options.

    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
    -73.9934
    Latitude
    40.754

    Comparable in this City

    • Value Estimation by Request
      17,400 SF

      404 5Th Ave

      Flex space • 17,400 SF
      404 5Th Ave, New York, NY 10018
      View Details
    • Value Estimation by Request
      100,000 SF

      342 37Th St

      Individual retail properties • 100,000 SF
      342 37Th St, New York, NY 10018
      View Details
    • Value Estimation
      $1,065,000
      8,168 SF

      420 5th Ave, Unit 30

      LIGHT INDUSTRIAL • 8,168 SF
      420 5th Ave, New York, NY 10018-2729
      View Details
    • Value Estimation
      $3,090,000
      23,280 SF

      620 8th Ave Rm 38a

      LIGHT INDUSTRIAL • 23,280 SF
      620 8th Ave Rm 38a, New York, NY 10018-1442
      View Details
    • Value Estimation
      $48,805,000
      60,041 SF

      620 8th Ave Frnt 2a

      LIGHT INDUSTRIAL • 60,041 SF
      620 8th Ave Frnt 2a, New York, NY 10018-1618
      View Details
    • Value Estimation
      $3,140,000
      23,969 SF

      620 8th Ave Fl 49a

      LIGHT INDUSTRIAL • 23,969 SF
      620 8th Ave Fl 49a, New York, NY 10018-1427
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      309,703 SF

      Prime Retail Space in New York

      Recently renovated retail space near Hudson Yards and Times Square.
      270 W 38Th St, New York, NY 10018
      View Details
    • Contact for pricing
      5,900 SF

      Prime Retail/Medical/Showroom Opportunity

      3500 SF retail space with basement and mezzanine.
      246 W 38Th St, New York, NY 10018
      View Details
    • Contact for pricing
      28,000 SF

      28,000 SF Office Building

      Office building for sale with retail tenant in place.
      384 5Th Ave, New York, NY 10018
      View Details
    • Contact for pricing
      6,758 SF

      High-End Showroom/Office Space

      Showroom/office space with exposed ceilings, brick walls, and wood flooring.
      35 W 36Th St, New York, NY 10018
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      123,800 SF

      Office and Flex Space Available

      Office and flex space available for rent in New York.
      347 West 36Th St, New York, NY 10018
      View Details
    • Contact for pricing

      Bryant Park

      Discover many ways to work your way in Ridgewood Corporate Square
      104 And 500, New York, NY 10018
      View Details
    • Contact for pricing

      Industrial Flex Space Available

      Industrial building with flexible manufacturing and factory spaces for rent.
      257 W 39Th St, New York, NY 10018
      View Details
    • Contact for pricing

      Prime Manhattan Location Near Parks

      Five-story building in prime location near Bryant Park.
      1026 6Th Ave, New York, NY 10018
      View Details
    • Contact for pricing
      66,282 SF

      Prime NYC Retail Space

      Midtown Manhattan retail opportunity.
      57 W 38th St | New York, NY 10018, New York, NY 10018
      View Details
    • $109 SF/Yr
      1,100 SF

      Ninth Avenue Retail Space Available

      Midtown West retail space, 1,100 sq ft.
      0 Undisclosed, New York, NY 10018
      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.
    315 Avenues
    New York, NY 10018
    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

    315 Avenues, New York, NY, 10018

    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!