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    220 23Rd St New York, NY 10010

    • Banks
    • 141,355 SF
    • 0.34 lot acres
    For Lease
    View listing
    Value Estimation
    Last Sale
    Nov 27, 2020
    $60,000,000
    Location Intelligence
    Property ID
    US63-4280317
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Happen Studio / Website Designer
    • Crystal McKenzie, Inc. / Website Designer / Marketing Agency
    • McKenzie Pictures / Software Company / Photographer
    • Snovio / Software Company
    • GG Engineering / Engineering Consultant

    Property Details for 220 23Rd St

    Year built
    1931
    Lot size
    0.34 lot acres
    Property size
    141,355 SF
    Zone code
    C28A
    Property type
    Banks
    APN
    00903-0047
    APU
    9030047

    Description

    This exceptional commercial property at 220 East 23rd Street in New York, NY 10010 offers a unique opportunity to lease executive office space in a vibrant Manhattan location. The building, totaling 5,523 square feet, currently has all its space available for lease. The property is classified as both retail and office space, and is ideally suited for businesses seeking flexible and modern work environments. Multiple tenancy options are available, with spaces ranging from a minimum of 1,644 square feet to a maximum contiguous space of 2,079 square feet. This allows for adaptability to various business needs and sizes. The building's location in New York County provides easy access to major transportation hubs, ensuring convenient commutes for employees and clients. The address, 220 E 23rd St, places the property within a dynamic and thriving commercial district, offering excellent visibility and accessibility. This is an exceptional opportunity to secure high-quality office space in a prime Manhattan location. The entire 5,523 square feet is currently vacant, presenting a rare chance to customize the space to perfectly fit your business requirements. Contact us today to learn more about leasing options and schedule a viewing.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9824
    Latitude
    40.7382
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,083,671
    $3,937,500
    $15,734,620
    $19,672,120
    -
    $8,750,000
    $41,917,000
    $50,667,000

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    220 23Rd St
    New York, NY 10010
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    Realmo Value Estimation

    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.

    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.

    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
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