165 48Th St New York, NY 10036
- Retail residential properties
- 5,820 SF
- 0.08 lot acres
Current Use by Public Records
- Carvel / Ice Cream Shop
- Nail WAH / Nail Salon
- Silk Ruug Cleanng / Corporate Office / Carpet Cleaning Service
- Silk RuUg Care / Corporate Office / Carpet Cleaning Service
Property Details for 165 48Th St
- Year built
- 1910
- Lot size
- 0.08 lot acres
- Property size
- 5,820 SF
- Zone code
- C67T
- Property type
- Retail residential properties
- APN
- 01001-0102
- APU
- 10010102
Description
This exceptional 600-square-foot commercial space, located at 165 W 48th St in the heart of Times Square's Midtown submarket, presents a unique opportunity for a discerning tenant. Built in 1910, this single-tenant property boasts a stunning, four-story building with a massive wall of windows, providing abundant natural light and excellent street visibility. Ideal for retail or office use, the space features high ceilings and a private bathroom, adding to its functionality and appeal. The property's prime Times Square location offers unparalleled access to a high volume of foot traffic and significant brand exposure. Its traditional office subtype within a retail setting provides a versatile space adaptable to a variety of businesses. The address is 165 W 48th St, New York, NY 10036. This is a rare chance to secure a well-appointed space in one of the world's most iconic and high-traffic locations. The property's classic architecture and modern amenities combine to create a truly unique and desirable commercial offering. Don't miss this opportunity to establish your business in the vibrant energy of Times Square.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $280,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $415,000
- 6.5%
- $435,000
- 7%
- $435,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $425,000
- Geo Method
- $425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $415,000
- Retail
- $395,000
- Mixed-Use
- $450,000
- Hospitality
- $400,000
- Educational
- $500,000
- Residential Income
- $390,000
- Energy
- $480,000
- Income-Based Land
- $400,000
- Food Service
- $405,000
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9836
- Latitude
- 40.7598
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
