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    250 57Th St New York, NY 10107

    • Office buildings
    • 435,677 SF
    • 0.51 lot acres
    For Lease
    View listing
    Value Estimation
    $1,275,000
    Last Sale
    Jul 22, 2024
    $1,275,000
    Location Intelligence
    Property ID
    US63-3730679
    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

    • Donald J Aibel PC / Attorney
    • Wright Adam / Attorney
    • Intelligent Music Entertainment / Lawyer
    • Chazan Paul M / Attorney
    • AuthorsOnTheWeb / Website Designer

    Property Details for 250 57Th St

    Year built
    1921
    Lot size
    0.51 lot acres
    Property size
    435,677 SF
    Zone code
    C5-3
    Property type
    Office buildings
    APN
    01028-0056
    APU
    10280056

    Description

    This exceptional multi-level executive office and street retail space at 250 West 57th Street offers an unparalleled opportunity in the heart of Midtown Manhattan. The building boasts a total of 16,597 square feet, divided into two suites, with 3,929 square feet currently vacant. Individual spaces range from a minimum of 1,065 square feet to a maximum contiguous area of 2,864 square feet, providing flexibility for various business needs. The property features impressive 20-foot ceilings, creating a spacious and modern atmosphere. Its strategic location directly across from Nordstrom's flagship store, near the Time Warner Center and Columbus Circle, ensures high visibility and foot traffic. The building's proximity to the 59th Street - Columbus Circle subway station (serving 13.7 million annual riders) and numerous top-name retailers and restaurants further enhances its appeal. This vibrant Midtown location is surrounded by over 28 million square feet of office space, providing a dense and affluent customer base. Convenient in-building access to the Turnstyle Underground Market and five subway lines (A, C, B, D, 1) ensures easy accessibility for employees and clients. This is a rare chance to secure a prestigious address in one of Manhattan's most sought-after commercial districts. The property's combination of size, location, and amenities makes it an ideal investment for discerning businesses seeking a prominent presence in the heart of New York City.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,425,000
      6.5%
      $1,180,000
      7%
      $1,315,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,250,000
      Geo Method
      $1,155,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,265,000
      Retail
      $1,315,000
      Mixed-Use
      $1,420,000
      Hospitality
      $1,485,000
      Educational
      $1,270,000
      Residential Income
      $1,425,000
      Energy
      $1,285,000
      Income-Based Land
      $1,435,000
      Food Service
      $1,190,000

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9825
    Latitude
    40.7663
    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
    $7,745,562
    $13,860,000
    $59,266,530
    $73,126,530
    -
    $30,800,000
    $148,066,000
    $178,866,000
    Request Owner's contact information
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    250 57Th St
    New York, NY 10107
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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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