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    3 57Th St New York, NY 10019

    • Banks
    • 42,500 SF
    • 0.10 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US63-0828497
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • C+C Photography Gallery / Art Gallery
    • Pomellato USA Inc / Jewelry Designer
    • L.P. Hollander Company Building / Architect
    • Q-REP / Business Management Consultant
    • Break My Apartment Lease / Real Estate

    Property Details for 3 57Th St

    Year built
    1930
    Lot size
    0.10 lot acres
    Property size
    42,500 SF
    Zone code
    C5-3
    Property type
    Banks
    APN
    01293-0005
    APU
    12930005

    Description

    This exceptional retail opportunity is located at 3 West 57th Street in New York City, New York County, zip code 10019. The property boasts a total of 10,900 square feet of retail space, currently entirely vacant and available for lease. Multiple tenancy options are available, with a minimum divisible space of 3,000 square feet and a maximum contiguous space of 4,100 square feet. This presents a unique chance for a single tenant to occupy the entire space or for multiple tenants to occupy smaller portions. The property's prime location on West 57th Street, adjacent to Fifth Avenue's renowned shopping district, positions it perfectly to attract a high volume of foot traffic from both local residents and tourists. This makes it an ideal location for a flagship store or a high-profile restaurant seeking maximum visibility and accessibility. The property is classified as a restaurant subtype within the retail property type. The address is 3 W 57th St, New York, NY 10019. This is a truly exceptional opportunity to establish a presence in one of Manhattan's most coveted retail locations. The building offers significant potential for a variety of businesses seeking a high-impact location. The entire 10,900 square feet is immediately available.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9733
    Latitude
    40.763
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,736,943
    $4,815,000
    $30,465,810
    $35,280,810
    -
    $10,700,000
    $95,603,000
    $106,303,000

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    3 57Th St
    New York, NY 10019
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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