18 33Rd StNew York, NY 10001
- Mixed-use properties
- 8,395 SF
Property Details for 18 33Rd St
- Year built
- 1925
- Lot size
- 0.06 AC
- Property size (Sq ft)
- 8,395 SF
- Zone code
- C5-2
- Property type
- Mixed-use properties
- Property subtype
- Retail residential properties
- APN
- 00862-0063
- APU
- 8620063
Description
This exceptional 150-square-foot office space is ideally situated in Manhattan, offering unparalleled convenience and prestige. Located directly across from the Empire State Building, this single-tenant property boasts a Class B designation and benefits from recent renovations completed in 2024. The building, originally constructed in 1915, has been thoughtfully updated while retaining its character. The office is served by electric and natural gas utilities and features elevator access. Its zoning classification is C6-4. This prime location provides exceptional accessibility, with easy walking distance to major transportation hubs including Penn Station, Herald Square, Port Authority, Grand Central Terminal, the PATH train, and access to sixteen subway lines. This makes it an excellent choice for a startup or small business seeking a highly visible and conveniently located workspace in a vibrant and iconic Manhattan setting. The space is perfect for a business seeking a cost-effective solution in a world-class location. The building's amenities include readily available elevator access. This is a rare opportunity to secure a well-located, renovated office space in the heart of Manhattan.
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,721,051
- 6.5%
- $1,588,662
- 7%
- $1,475,186
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,700,181
- Geo Method
- $1,700,181
-
Alternative Use
- Use
- Valuation
- Residential
- $1,588,662
- Hospitality
- $1,455,206
- Educational
- $1,210,714
- Medical
- $1,252,353
- Retail
- $1,883,334
Location Insight
- City
- New York
- County
- New York
- State
- New York
- Latitude
- 40.7472
- Longitude
- -73.9842
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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