325 38Th St New York, NY 10018
- Banks
- 110,188 SF
- 0.18 lot acres
Current Use by Public Records
- Erich Soldat Textile Agency / Fabric Wholesaler
- Reber Design Architecture Pllc / Architect
- QDigital Photography Studio / Commercial Photographer
- Corstange Law Group PLLC / Immigration Attorney
- The Babani Team / Real Estate Consultant / Real Estate Agent
Property Details for 325 38Th St
- Year built
- 1929
- Lot size
- 0.18 lot acres
- Property size
- 110,188 SF
- Zone code
- C64M
- Property type
- Banks
- APN
- 00762-0019
- APU
- 7620019
Description
This exceptional three-story, 4,650 square foot commercial property at 325 W 38th Street, New York, NY 10018, is ideally situated in the vibrant Garment District. Currently fully vacant, this multi-tenant building offers flexible space suitable for various office uses, including traditional, executive, medical, and creative office setups. The space includes ground floor and storefront options, providing excellent street visibility and accessibility. The building's location offers unparalleled convenience, with easy access to multiple subway lines, ensuring effortless commutes for employees and clients. The surrounding area boasts a rich tapestry of fashion and textile businesses, showrooms, and a diverse array of shopping and dining options. Enjoy the energy of the Garment District while benefiting from the proximity to Bryant Park's tranquil atmosphere and the entertainment hub of Times Square, just blocks away. This property presents a unique opportunity to establish a thriving business in one of Manhattan's most dynamic and sought-after locations. The building's versatile layout and prime location make it an exceptional investment opportunity for businesses seeking a prestigious address in the heart of New York City. Contact us today to learn more about this remarkable property and schedule a viewing.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,800,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,955,000
- 6.5%
- $5,920,000
- 7%
- $6,750,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $7,185,000
- Geo Method
- $7,170,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $7,095,000
- Retail
- $6,210,000
- Mixed-Use
- $7,065,000
- Hospitality
- $5,945,000
- Educational
- $6,485,000
- Residential Income
- $5,840,000
- Energy
- $6,600,000
- Income-Based Land
- $5,765,000
- Food Service
- $6,640,000
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9927
- Latitude
- 40.7554
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
