845 3Rd AveNew York, NY 10022

Property Details for 845 3Rd Ave

Year built

1964

Lot size

0.48 AC

Property size (Sq ft)

321,452 SF

Zone code

C6-6

Property type

Office properties

Property subtype

Office buildings

APN

01325-0001

APU

13250001

Description

This Class A, 23,871 square foot office building at 845 Third Avenue, 6th Floor, New York, NY 10022, offers a variety of flexible workspace solutions. Located in New York County, this prestigious building, renovated in 2019, boasts a contemporary design and premium décor. The property features 350 total suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are vacant. The building offers a range of options, including private, fully furnished and equipped offices suitable for individuals or large companies. These options are customizable to meet diverse business needs, from serviced and custom offices to disaster recovery spaces and day offices. Tenancy is multiple. Building amenities include elevators. The building's central location provides easy access to shopping and dining destinations such as Bloomingdale's and Smith & Wollensky, offering convenience for both employees and clients. This exceptional location, housing the British Consulate, provides a prestigious business address in the heart of Manhattan. The property also offers a benefits program with exclusive discounts and procurement support.

• CAP approach

  CAP return

  Valuation

  6%

  $53,145,616

  6.5%

  $49,057,492

  7%

  $45,553,388

• Comparable approach

  Method

  Valuation

  Relative Method

  $42,000,920

  Geo Method

  $42,000,920

• Alternative Use

  Use

  Valuation

  Residential

  $60,831,292

  Hospitality

  $55,721,136

  Educational

  $46,359,332

  Medical

  $47,953,700

  Retail

  $72,114,512

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7566

Longitude

-73.9698

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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