452 45Th StNew York, NY 10036

Property Details for 452 45Th St

Year built

1940

Lot size

0.06 AC

Property size (Sq ft)

12,500 SF

Zone code

R8

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

01054-9060

APU

10549060

Description

This exceptional 2,500-square-foot warehouse space is located in the vibrant Hell's Kitchen neighborhood of Manhattan, New York County. Currently vacant and available for immediate occupancy, this single-tenant property offers unparalleled flexibility for a diverse range of businesses. Its adaptable design makes it suitable for retail ventures such as a store, cafe, or gallery, while its industrial zoning also allows for general contracting or similar uses. The property's prime location within a bustling area ensures high visibility and accessibility, making it an ideal choice for businesses seeking a strong presence in a high-traffic zone. Priced competitively at $67 per square foot, this ground-floor space presents a rare opportunity to secure a significant footprint in one of Manhattan's most sought-after neighborhoods. The building's classification includes retail, industrial, and restaurant uses, further enhancing its versatility and appeal to a wide spectrum of potential tenants. Don't miss this chance to establish your business in this dynamic and desirable location. The property is a single-tenant space, offering complete control and autonomy. This is a truly unique opportunity to lease a flexible space in a thriving Manhattan neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $2,562,613

  6.5%

  $2,365,489

  7%

  $2,196,526

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,531,538

  Geo Method

  $2,531,538

• Alternative Use

  Use

  Valuation

  Residential

  $2,365,489

  Hospitality

  $2,166,775

  Educational

  $1,802,732

  Medical

  $1,864,730

  Retail

  $2,804,249

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7611

Longitude

-73.9937

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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