101 5Th AveNew York, NY 10003

Property Details for 101 5Th Ave

Year built

1908

Lot size

0.14 AC

Property size (Sq ft)

71,985 SF

Zone code

C64M

Property type

Retail properties

Property subtype

Banks

APN

00846-0002

APU

8460002

Description

This exceptional 7,080-square-foot retail space at 101 5th Avenue presents a unique investment opportunity in the vibrant Flatiron District of New York County. The property is a single-tenant building, offering complete control and flexibility for the new owner. Currently vacant, this expansive space is ready for immediate occupancy and customization to suit a wide range of retail concepts. Located in a bustling neighborhood, the property benefits from high foot traffic and visibility, ensuring maximum exposure for your business. The Flatiron District's reputation as a hub for innovation and creativity, combined with its diverse array of dining and shopping options, creates a dynamic and attractive environment for both businesses and customers. The area's excellent accessibility is further enhanced by multiple subway lines, providing convenient transportation for employees and patrons alike. This property offers a rare chance to establish a significant presence in one of Manhattan's most sought-after commercial districts. The building's size and location make it ideal for a variety of retail uses, from flagship stores to unique boutiques. The opportunity to shape the future of this prime retail space is unparalleled. Seize this chance to establish your business in the heart of New York City's dynamic Flatiron District. The property is classified as a shopping center and is entirely vacant, providing a blank canvas for your vision.

• CAP approach

  CAP return

  Valuation

  6%

  $17,494,868

  6.5%

  $16,149,109

  7%

  $14,995,601

• Comparable approach

  Method

  Valuation

  Relative Method

  $23,702,012

  Geo Method

  $23,702,012

• Alternative Use

  Use

  Valuation

  Residential

  $13,622,378

  Hospitality

  $12,478,025

  Educational

  $10,381,570

  Medical

  $10,738,608

  Retail

  $16,149,109

Location Insight

City

New York

County

New York

State

New York

Latitude

40.738

Longitude

-73.9918

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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