27 61St StNew York, NY 10065

Property Details for 27 61St St

Year built

1910

Lot size

0.03 AC

Property size (Sq ft)

9,350 SF

Zone code

C5-1

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

01376-0024

APU

13760024

Description

This exceptional 8,020 square foot flex space at 27 E 61st St, New York, NY 10065, offers a unique opportunity in the heart of Midtown East's luxury retail corridor. Built in 2015, the property boasts six available suites, ranging from 1,035 to 1,500 contiguous square feet. With a 12-foot ceiling height, this multi-tenant building is ideal for a variety of uses, including retail, office, or gallery space. The property's prime location, directly east of Madison Avenue and across from a flagship retail location, places it within easy reach of high-end retailers such as Barneys New York (previously located nearby), Bergdorf Goodman, and Bloomingdale's. Nearby luxury brands include Hermès, Graff Diamonds, and more. The area is also home to prestigious hotels like The Pierre and The Plaza, and renowned restaurants such as Nello and Daniel. Currently, the entire 8,020 square feet is vacant, presenting a rare chance to secure a significant presence in this exclusive neighborhood. This is a remarkable opportunity to establish a business in one of Manhattan's most coveted locations. The property is located in New York County.

• CAP approach

  CAP return

  Valuation

  6%

  $1,916,834

  6.5%

  $1,769,386

  7%

  $1,643,001

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,893,590

  Geo Method

  $1,893,590

• Alternative Use

  Use

  Valuation

  Residential

  $1,769,386

  Hospitality

  $1,620,748

  Educational

  $1,348,443

  Medical

  $1,394,818

  Retail

  $2,097,578

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7649

Longitude

-73.9699

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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