Property profile

320 39Th St New York, NY 10016

OFF-MARKET
Office Spaces
11,000 SF 0.08 ac lot
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Property summary

AI-generated overview

This exceptional 2,615-square-foot office space is located on the entire third floor of a three-story building at 320 E 39th St, New York, NY 10016, in the Marry Hill submarket of Midtown East. The property boasts a convenient location, offering easy access to Grand Central Station and the United Nations, as well as a wealth of nearby restaurants and shopping options. The space features nine individual offices, two private bathrooms, and a private pantry, providing ample room for a variety of business needs. Large windows throughout the space ensure abundant natural light. The building itself is an 11,000-square-foot traditional office building situated on a 3,485-square-foot lot (0.08 acres), with a floor area ratio (FAR) of 3.16. An elevator is available for convenient access to the third-floor office suite. The building is served by electric power. The property is zoned C1-9. While there are no on-site parking spaces, the location's proximity to public transportation and other amenities mitigates this. This single-tenant space is available for lease at a monthly rate of $8,498.75. The address is easily accessible via Second Ave.

Property profile

Verified
Property type Office Spaces
Total area 11,000 SF
Lot 0.08 ac (3,485 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Association / Organization
  • Construction Company General Contractor
  • Engineer Architect
  • (Bike/Boat/Book/etc) Store Florist
  • Real Estate Agency

Location

320 39Th St New York, NY 10016
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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