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    OFF-MARKET Estimated value $3,495,000
    Retail space

    250 49th St 1, New York, NY 10017-1578

    3,856 SF Built 2006
    Entity Owned 15-yr Hold Free & Clear
    Property ID
    US63-4193457
    Property summary
    AI-generated overview

    This exceptional 97,459 square foot commercial property at 250 East 49th Street in New York City offers a variety of flexible office spaces ideal for businesses seeking a prestigious Midtown East location. Built in 2010, the building boasts a modern design with high ceilings reaching 15 feet, providing ample natural light and a spacious feel. The property is situated on a 10,444 square foot lot in New York County, zip code 10017. Currently, there is 5,198 square feet of contiguous space immediately available, divisible down to a minimum of 1,500 square feet, catering to businesses of various sizes. The building's versatile design accommodates a range of office styles, including executive, medical, creative, and coworking spaces, making it a highly adaptable and desirable location. Multiple tenancies are available, offering flexibility for businesses with diverse needs. This prime location in Midtown East provides easy access to major transportation hubs, upscale amenities, and a vibrant business community. The property's modern design and flexible space options make it an excellent choice for businesses seeking a sophisticated and functional workspace in the heart of Manhattan. Inquire today to learn more about leasing opportunities and secure your ideal office space in this sought-after location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2006
    Total area 3,856 SF
    Zoning code R8B
    APN 01322-1301
    UPID US63-4193457
    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
    Current use
    Occupant on record · Public records
    • Gettinger Steven P DC Alternative Medicine Practice
    • LGA Worldwide Construction Company General Contractor
    • Mohamed Algamoos PA-C Physician
    • Linda Rimmer Physician
    • Dr. John D. Lupiano, MD Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $4.85M
    Blend (final) Blend
    $3.50M
    Owner & transaction history
    Kirel & LLC · 15 yrs held
    Kirel & LLC
    since 2010
    2 recorded transactions
    2018
    2010
    $11.1M
    Zoning & alternative use
    R8B · New York, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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