501 3Rd AveNew York, NY 10016
- Mixed-use properties
- 147,683 SF
Property Details for 501 3Rd Ave
- Year built
- 2020
- Lot size
- 0.13 AC
- Property size (Sq ft)
- 147,683 SF
- Zone code
- C1-9
- Property type
- Mixed-use properties
- Property subtype
- Retail residential properties
- APN
- 00914-0059
- APU
- 9140059
Description
This exceptional 2,995 square foot medical office space is ideally located at 501 3rd Avenue in the heart of Midtown Manhattan, New York, NY 10016. The property boasts a single-tenant occupancy, presenting a unique opportunity for a medical practice seeking a prominent location. The building offers a spacious layout with a generous 16-foot ceiling height, providing ample room for various medical configurations and equipment. The entire space is currently vacant, allowing for complete customization to suit the specific needs of the future tenant. Situated in New York County, this property benefits from excellent accessibility, with convenient access to public transportation and major thoroughfares. The address, 501 3rd Avenue, places the building within a vibrant and densely populated area, ensuring high visibility and potential for a strong patient base. This is a rare opportunity to secure a fully vacant, sizable medical office space in a prime Manhattan location. The property's size and location make it an ideal fit for a variety of medical specialties. The 16-foot ceiling height offers significant design flexibility. The single-tenant occupancy eliminates the complexities of multi-tenant management. This turnkey space is ready for immediate occupancy and offers a chance to establish a thriving medical practice in a highly sought-after area. The property's location in Midtown Manhattan ensures high visibility and easy access for patients and staff.
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $30,276,350
- 6.5%
- $27,947,400
- 7%
- $25,951,158
-
Comparable approach
- Method
- Valuation
- Relative Method
- $29,909,204
- Geo Method
- $29,909,204
-
Alternative Use
- Use
- Valuation
- Residential
- $27,947,400
- Hospitality
- $25,599,668
- Educational
- $21,298,624
- Medical
- $22,031,116
- Retail
- $33,131,192
Location Insight
- City
- New York
- County
- New York
- State
- New York
- Latitude
- 40.7454
- Longitude
- -73.978
- 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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