Property profile & analytics
2 Park Avenue New York, NY
- Office buildings
- 852,731 SF
- 0.93 lot acres
Value Estimations
$394,275,000
Cap Rate Potential
Location Intelligence
Property ID
US63-5402085
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Office buildings
Property Details for 2 Park Avenue
- Year built
- 1927
- Lot size
- 0.93 lot acres
- Property size
- 852,731 SF
- Zone code
- C5-2
- Property type
- Office buildings
- APN
- 00862-0029
- APU
- 8620029
Description
This exceptional Class A office space, located at the prestigious 2 Park Avenue in New York, NY 10016, offers a total of 4,975 square feet currently available for lease. The property is categorized as a Traditional Office, Executive Office, and Creative Office space, making it suitable for a wide range of businesses. The entire building comprises 4,975 square feet, presenting a unique opportunity for a single tenant to occupy the entire space. The building's classification as Class A signifies its high-quality construction, modern amenities, and desirable location. The address, 2 Park Avenue, places the property in a prime location within New York City, offering excellent accessibility and visibility. The multiple tenancy option allows for flexibility in lease terms and space configuration. This is an unparalleled opportunity to secure a significant presence in one of Manhattan's most sought-after addresses. The property's versatility caters to various business needs, from traditional office setups to more creative and collaborative work environments. With its full 4,975 square feet currently vacant, this property presents a rare chance to establish a substantial and impactful business presence in the heart of New York City. Interested parties are encouraged to inquire for further details and leasing options.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- Off market
-
CAP approach
- CAP Return
- Estimation
- 6%
- $474,690,000
- 6.5%
- $438,175,000
- 7%
- $406,875,000
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $544,690,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $654,780,000 Change: +20% Conversion: Easy
- COMMERCIAL (GENERAL)
- $585,690,000 Change: +8% Conversion: Easy
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9826
- Latitude
- 40.7463
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$11,999,269
$39,150,000
$77,905,240
$117,055,240
-
$87,000,000
$164,747,000
$251,747,000
