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Property profile & analytics
FOR LEASE
Office buildings

125 Park Avenue New York, NY 10017

520,416 SF 0.57 ac lot Built 1923
Entity Owned 15-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US63-6004650
Property summary
AI-generated overview

This exceptional 25,366-square-foot retail space is available for sublease at 125 Park Avenue, situated between East 41st and 42nd Streets in the heart of Midtown Manhattan, New York County, NY 10017. The property boasts a single-tenant occupancy, offering a unique opportunity for a business seeking a substantial and highly visible presence in one of New York City's most prestigious locations. The entire space is currently vacant, providing immediate occupancy for the right tenant. The building's address, 125 Park Avenue, is easily accessible and benefits from excellent public transportation links, ensuring high foot traffic and convenient access for employees and customers. This prime retail location presents an unparalleled chance to establish or expand a business within a vibrant and affluent neighborhood. The property's size and prominent location make it ideal for a wide range of retail uses, from flagship stores to expansive showrooms. The sublease opportunity offers a flexible and potentially cost-effective entry point into this coveted market. Detailed lease terms are available upon request. This is a rare chance to secure a significant retail presence in a highly sought-after area of Manhattan. The property is classified as Commercial Retail and is located at the intersection of Park Avenue and East 41st/42nd Streets.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1923
Total area 520,416 SF
Lot 0.57 ac (24,786 SF)
Zoning code C5-3
APN 01296-0001
UPID US63-6004650
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$216.76M
Owner & transaction history
125 Park Owner LLC · 15 yrs held
125 Park Owner LLC
since 2010
7 recorded transactions
2022
Price N/A
2022
Price N/A
2020
Price N/A
2018
Price N/A
2018
Price N/A
2014
Price N/A
2010
$330.0M
Zoning & alternative use
C5-3 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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