453 48Th StNew York, NY 10036

Property Details for 453 48Th St

Year built

1930

Lot size

0.04 AC

Property size (Sq ft)

6,135 SF

Zone code

R8

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

01058-0104

APU

10580104

Description

This exceptional 306-square-foot executive office space is ideally located at 453 West 48th Street in New York City's vibrant Midtown West. The property is a single-tenant space, perfect for a small business or individual professional seeking a prestigious address. The suite is currently vacant and ready for immediate occupancy, offering flexibility for customization to meet your specific needs. Classified as both retail and office space, this versatile property presents a unique opportunity in a high-demand area. Its location in New York County provides easy access to major transportation hubs, including subway lines and bus routes, ensuring convenient commutes for employees and clients. The building's total square footage mirrors the available space, indicating a dedicated, self-contained unit. This prime location offers unparalleled visibility and accessibility, making it an attractive option for businesses seeking a strategic presence in the heart of Manhattan. The property's classification as an executive office space suggests a high-quality finish and potentially desirable amenities. This is a rare opportunity to secure a well-situated, fully vacant office space in a highly sought-after New York City location. The 10036 zip code further underscores the property's prime location within a bustling commercial district. This listing presents a unique chance to establish a thriving business in a dynamic and convenient environment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,257,730

  6.5%

  $1,160,982

  7%

  $1,078,055

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,242,479

  Geo Method

  $1,242,479

• Alternative Use

  Use

  Valuation

  Residential

  $1,160,982

  Hospitality

  $1,063,453

  Educational

  $884,781

  Medical

  $915,210

  Retail

  $1,376,325

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7634

Longitude

-73.9921

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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