Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    327 E 17Th St New York, NY 10003
    Back to Search
    Property profile & analytics

    327 E 17Th St New York, NY 10003

    View on Map
    • Medical Office Space
    • 7,120 SF
    • 0.05 lot acres
    For Sale
    $4,950,000
    View Listing →
    Gramercy Park Multifamily Opportunity For Sale
    $4,950,000
    10,208 SF

    Gramercy Park Multifamily Opportunity

    Six-story, 10,208 SF elevator building in prime Gramercy location.

    327 E 17th St, New York, NY 10003
    View Listing
    Property ID
    US63-2683396
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Birenbaum Ellen MD / Physician
    • Robert Mapplethorpe Residential / Charitable Organization / Social Service Agency
    • Former Residence of Composer Antonin Dvorak / Resort
    • Mount Sinai Beth Israel Heart Institute / Medical Clinic

    Property Details for 327 E 17Th St

    Year built
    1992
    Lot size
    0.05 lot acres
    Property size
    7,120 SF
    Zone code
    R8A
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    00923-0018
    APU
    9230018

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9823
    Latitude
    40.734
    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
    $0.00
    $351,000
    $1,109,790
    $1,460,790
    -
    $780,000
    $2,604,000
    $3,384,000

    Comparable in this City

    • Value Estimation by Request
      11,385 SF

      218 19th St

      MEDICAL CLINIC • 11,385 SF
      218 19th St, New York, NY 10003
      View Details
    • Value Estimation
      $1,320,000
      115,838 SF

      19 Nathan D Perlman Pl

      MEDICAL CLINIC • 115,838 SF
      19 Nathan D Perlman Pl, New York, NY 10003
      View Details
    • Value Estimation by Request
      11,385 SF

      220 19th St

      MEDICAL CLINIC • 11,385 SF
      220 19th St, New York, NY 10003-2600
      View Details
    • Value Estimation by Request
      16,661 SF

      210 19th St

      MEDICAL CLINIC • 16,661 SF
      210 19th St, New York, NY 10003
      View Details
    • Value Estimation by Request
      16,661 SF

      214 19th St

      MEDICAL CLINIC • 16,661 SF
      214 19th St, New York, NY 10003
      View Details
    • Value Estimation by Request
      11,348 SF

      216 19th St

      MEDICAL CLINIC • 11,348 SF
      216 19th St, New York, NY 10003
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,125 SF

      Vacant Retail/Medical/Office Opportunity

      Vacant property suitable for retail, medical, or office use.
      21 E 17Th St, New York, NY 10003
      View Details
    • Contact for pricing

      Vacant Retail/Medical/Office Opportunity

      Vacant retail, medical, or office space available for sale.
      21 E 17Th St, New York, NY 10003
      View Details
    • Contact for pricing
      11,000 SF

      Prime Location Near Union Square

      Located north of Union Square and Broadway pedestrian plaza.
      868 Broadway, New York, NY 10003
      View Details
    • Contact for pricing
      11,250 SF

      Historic Ladies' Mile Mixed-Use Property

      Historic property in Ladies' Mile District with multiple permitted uses.
      21 E 17Th St, New York, NY 10003
      View Details
    • Contact for pricing

      Broadway Commercial Space Near Union

      Prime commercial location north of Union Square and Broadway plaza.
      868 Broadway, New York, NY 10003
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      43,106 SF

      Versatile Space in Union Square

      43,100 RSF space suitable for diverse commercial uses.
      44 Union Sq East, New York, NY 10003
      View Details
    • Contact for pricing
      1,946 SF

      Chelsea Commercial Space for Rent

      Ground floor and lower level space in Chelsea's design district.
      130 W 17Th St, New York, NY 10003
      View Details
    • Contact for pricing
      1,520 SF

      Chelsea Space for Diverse Uses

      Adaptable space in Chelsea suitable for various commercial ventures.
      28 W 12Th St, New York, NY 10003
      View Details
    • Contact for pricing
      8,330 SF

      Luxury Spa/Health Club Space

      Fully built luxury spa/health club space for rent.
      71 5Th Ave, New York, NY 10003
      View Details
    • Contact for pricing
      1,016 SF

      Turn-Key Medical Facility Available

      Medical facility for rent with great exposure and co-tenancy.
      3612 Broadway, New York, NY 10003
      View Details
    • Contact for pricing
      1,252 SF

      Broadway Medical/Office Space Available

      Medical/office spaces available, suitable for various uses.
      4005 Broadway, New York, NY 10003
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    327 E 17Th St
    New York, NY 10003
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    327 E 17Th St, New York, NY, 10003
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!