Property summary
This exceptional 10,000 square foot commercial property located at 16 East 48th Street in New York City's Midtown East offers a unique opportunity for businesses seeking premium executive office space. The building is classified as both retail and office, providing versatile options for a variety of tenants. Currently, the entire 10,000 square feet is available for lease, presenting a rare chance to secure a substantial footprint in a highly desirable location. The property is categorized as multi-tenant, allowing for flexibility in lease terms and configurations. The address, 16 E 48th St, places the building within easy reach of major transportation hubs, offering unparalleled convenience for employees and clients. Situated in New York County, this property benefits from the vibrant energy and extensive amenities of Midtown East. The space is ideal for businesses seeking a prestigious address and a modern, efficient workspace. Four individual spaces, each approximately 2,500 square feet, are available, providing options for businesses of varying sizes. This presents a unique opportunity to establish a significant presence in a prime Manhattan location. Interested parties are encouraged to inquire about lease terms and customization options to tailor the space to their specific needs. The property's classification as "Executive Office" highlights its suitability for businesses seeking a sophisticated and professional environment.
Property profile
VerifiedCap rate & NOI
Current use
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Dental Office
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Restaurant
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Vocational School Training Center
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Alternative Medicine Practice
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Alternative Medicine Practice Spa & Massage Center
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C52.5 · New York, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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