379 5Th AveNew York, NY 10016

Property Details for 379 5Th Ave

Year built

1910

Lot size

0.06 AC

Property size (Sq ft)

9,136 SF

Zone code

C5-3

Property type

Office properties

Property subtype

Office buildings

APN

00865-0004

APU

8650004

Description

This exceptional 2,000 square foot office space is located on the prestigious Fifth Avenue in New York City, zip code 10016. Situated in a four-story, Class C building constructed in 1910, this single-tenant property offers a unique blend of historic charm and modern functionality. The space boasts a full floor layout, providing ample room for a variety of business needs. A direct elevator provides convenient access, eliminating the need for lengthy walks or shared spaces. Large windows facing Fifth Avenue offer abundant natural light and stunning city views. The building features elevators for easy access to all floors. The property's classification as both "Traditional Office" and "Creative Office" suggests its adaptability to diverse business styles and layouts. Detailed floor plans are available upon request, allowing potential tenants to visualize the space's potential and plan their office configuration effectively. This is a rare opportunity to secure a prominent Fifth Avenue address in a building rich in history, yet equipped with modern conveniences. The address is 379 5th Ave, New York, NY 10016. Interested parties should inquire for further details and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $1,510,454

  6.5%

  $1,394,265

  7%

  $1,294,675

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,193,710

  Geo Method

  $1,193,710

• Alternative Use

  Use

  Valuation

  Residential

  $1,728,888

  Hospitality

  $1,583,653

  Educational

  $1,317,580

  Medical

  $1,362,894

  Retail

  $2,049,570

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7493

Longitude

-73.9836

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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