216 39Th StNew York, NY 10016
- Mixed-use properties
- 5,721 SF
Property Details for 216 39Th St
- Year built
- 1970
- Lot size
- 0.04 AC
- Property size (Sq ft)
- 5,721 SF
- Zone code
- C1-9
- Property type
- Mixed-use properties
- Property subtype
- Retail residential properties
- APN
- 00919-0051
- APU
- 9190051
Description
This exceptional 1,000 square foot office space in Murray Hill is perfectly suited for a variety of uses. Recently renovated and in pristine condition, the property boasts a desirable open floor plan that maximizes natural light. The space is ideal for medical offices, co-working spaces, traditional offices, or creative studios, offering significant versatility for prospective tenants. A key feature is a large private balcony, providing an outdoor amenity rarely found in comparable spaces. The unit is conveniently located two flights up from the ground floor, offering both accessibility and a degree of privacy. Modern conveniences include central air conditioning and a beautifully appointed restroom. The single-tenant occupancy ensures exclusive use and control of the entire space. This property presents a rare opportunity to secure a well-maintained, versatile office space in a highly sought-after Murray Hill location. Its flexible design and desirable features make it an attractive option for businesses seeking a productive and comfortable work environment. The combination of modern amenities, ample natural light, and a private balcony creates a unique and appealing workspace. Don't miss this chance to establish your business in this thriving neighborhood.
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,172,857
- 6.5%
- $1,082,637
- 7%
- $1,005,306
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,158,634
- Geo Method
- $1,158,634
-
Alternative Use
- Use
- Valuation
- Residential
- $1,082,637
- Hospitality
- $991,690
- Educational
- $825,074
- Medical
- $853,450
- Retail
- $1,283,449
Location Insight
- City
- New York
- County
- New York
- State
- New York
- Latitude
- 40.7484
- Longitude
- -73.9752
- 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
FAQs
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