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    Property profile & analytics

    218 37Th St New York, NY 10018

    • Banks
    • 17,726 SF
    • 0.06 lot acres
    For Lease
    View listing
    $35 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US63-3528881
    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

    • reflexolo / Reflexologist
    • Stretch House, Inc Fabric / Textile Mill / Fabric Store
    • Gold Properties NYC / Real Estate Agency
    • AtelierTek Architects, PLLC / Architecture Firm
    • NKR Commerical Kitchen & refrigeration / Commercial Refrigeration / Commercial Refrigerator Supplier

    Property Details for 218 37Th St

    Year built
    1922
    Lot size
    0.06 lot acres
    Property size
    17,726 SF
    Zone code
    M1-6
    Property type
    Banks
    APN
    00786-0060
    APU
    7860060

    Description

    This exceptional 12,000 square foot commercial property, located at 218 W 37th St in New York County's Midtown West submarket (Garment District cluster), presents a unique investment opportunity. Built in 1925, the building offers a versatile space suitable for a variety of uses, including traditional office, executive office, coworking, medical office, and creative office spaces. Currently, two retail spaces totaling 3,000 square feet are immediately available for lease. The building's adaptable layout allows for customization to meet diverse business needs. The upper floors boast expansive open areas with high ceilings and abundant natural light, ideal for innovative fitness facilities or immersive wellness experiences. This prime Midtown West location provides unparalleled access to a wealth of amenities, dining options, and cultural attractions, ensuring high visibility and convenient access for tenants and clients alike. The property's modern design seamlessly blends functionality and aesthetic appeal, creating a dynamic and inspiring environment for any business. This is a rare chance to acquire a well-situated, adaptable property in a thriving New York City neighborhood. The multiple tenancy structure offers flexibility for various business models and income streams.

    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
    -73.9903
    Latitude
    40.7531
    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
    $141,085
    $324,000
    $1,023,120
    $1,347,120
    -
    $720,000
    $2,240,000
    $2,960,000

    Comparable in this City

    • Value Estimation by Request
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      149-151 36th St

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    • Value Estimation by Request
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      FINANCIAL BUILDING • 112,578 SF
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    • Value Estimation by Request
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      237-239 37th St

      FINANCIAL BUILDING • 64,280 SF
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      View Details
    • Value Estimation by Request
      163,103 SF

      225 37th St, Unit 235

      FINANCIAL BUILDING • 163,103 SF
      225 37th St, New York, NY 10018-5703
      View Details

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    218 37Th St
    New York, NY 10018
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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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