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Property profile

260 36th St 266 New York, NY 10018

OFF-MARKET
Banks
Property ID
US63-2795480
View Sample
81,375 SF 0.17 ac lot Built 1907
Entity Owned 3-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 10-story executive office building, located at 260 West 36th Street in New York, NY 10018, offers a substantial 81,339 square feet of prime office space. Situated in New York County, this property boasts a highly desirable M16-GC zoning permit, providing significant flexibility for a variety of commercial uses. The building's strategic location in the heart of New York City ensures excellent accessibility and visibility, making it an ideal investment opportunity for discerning buyers. The address, 260 West 36th Street, is easily identifiable and benefits from strong pedestrian and vehicular traffic. The building's impressive size and modern design present a unique opportunity to acquire a significant commercial asset in a thriving urban environment. With its ten stories, the building offers ample space for a variety of configurations, catering to the needs of large corporations or multiple tenants. The M16-GC zoning classification opens doors to a wide range of potential uses, maximizing the property's investment potential. This property is currently available for sale and presents a rare chance to own a substantial and well-located commercial building in one of the world's most dynamic cities. The building's size and zoning make it suitable for a variety of business ventures, offering a strong return on investment for the right buyer. Interested parties are encouraged to explore the possibilities this exceptional property presents. The geographic coordinates are 40.7530087 latitude and -73.9920057 longitude.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1907
Total area 81,375 SF
Lot 0.17 ac (7,266 SF)
Zoning code M1-6
APN 00785-0075
UPID US63-2795480

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Research And Product Development
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store Florist

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$31.18M
Blend (final) Blend
$32.13M

Owner & transaction history

since 2023
Last sale
$33.0M
7 recorded transactions
2023
$33.0M
2017
Price N/A
2017
$5.0M
2017
Price N/A
2007
Price N/A
1997
$4.2M
1969
Price N/A

Zoning & alternative use

M1-6 · New York, NY
Top alternative use upside
Office building $52.0M +43.2%
Apartment house (5+ units) $44.0M +21.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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