Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    333 34th Stb New York, NY 10001-2417

    • Flex space
    • 81,575 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3598750
    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

    • Dr. Court B. Cutting, MD / Physician / Medical Clinic
    • Bruce G Valauri DDS / Dental Office / Physician
    • Malkin MD PC - Dr. Dmitry Malkin / Physician
    • Smith Matthew MD / Physician
    • Dr. David S. Younger, MD / Physician / Medical Clinic

    Property Details for 333 34th Stb

    Property size
    81,575 SF
    Zone code
    C6-4
    Property type
    Flex space
    APN
    00758-1002
    APU
    7581002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $117,560,000
      Current use
      RETAIL STORES
      $107,275,000
      Change: -9% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9949
    Latitude
    40.7533
    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
    $1,608,255
    $9,641,260
    $11,249,515
    -
    $3,573,900
    $23,548,102
    $27,122,002

    Comparable in this City

    • Value Estimation
      $1,035,000
      6,600 SF

      137 25th St Fl, Unit 4

      LIGHT INDUSTRIAL • 6,600 SF
      137 25th St Fl, New York, NY 10001-7215
      View Details
    • Value Estimation
      $3,765,000
      27,000 SF

      127 25th St

      LIGHT INDUSTRIAL • 27,000 SF
      127 25th St, New York, NY 10001-7207
      View Details
    • Value Estimation by Request
      75,950 SF

      125 31st Stacs

      LIGHT INDUSTRIAL • 75,950 SF
      125 31st Stacs, New York, NY 10001-3414
      View Details
    • Value Estimation by Request
      67,886 SF

      553 30th Stcsms

      LIGHT INDUSTRIAL • 67,886 SF
      553 30th Stcsms, New York, NY 10001-1458
      View Details
    • Value Estimation by Request
      1,009 SF

      301305 7th Ave7b

      LIGHT INDUSTRIAL • 1,009 SF
      301305 7th Ave7b, New York, NY 10001-5012
      View Details
    • Value Estimation
      $950,000
      7,083 SF

      301305 7th Ave15a

      LIGHT INDUSTRIAL • 7,083 SF
      301305 7th Ave15a, New York, NY 10001-5012
      View Details

    Similar Nearby for Sale

    • $12,500,000
      19,200 SF

      Prime NY Industrial Manufacturing Facility

      19,200 SF, $12.5M, NYC
      0 Aerospace Manufacturing Company, New York, NY 10001
      View Details
    • $300,000
      2,000 SF

      Manhattan Restaurant Franchise Opportunity

      Turnkey Manhattan restaurant franchise with expansion rights for sale.
      295 7Th Ave, Manhattan, NY 10001
      View Details
    • Contact for pricing
      5,803 SF

      Prime Manhattan Mixed-Use Opportunity

      Turnkey Restaurant, Retail, & Residential
      41 35Th St, New York, NY 10001
      View Details
    • $3,250,000
      Pending

      Residential Income Property For Sale

      Residential income property available for purchase in New York.
      11 W 30Th St, New York, NY 10001
      View Details
    • Contact for pricing
      4,500 SF

      Chelsea Retail/Restaurant Opportunity

      Prime retail/restaurant space near FIT and Penn Station.
      144 W 27Th St, New York, NY 10001
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      1250 Broadway

      Discover many ways to work your way in Centerpointe
      1250 Broadway, New York, NY 10001
      View Details
    • Contact for pricing

      Spaces Penn Plaza

      Workspaces, services and support to help you grow your business in LA, Baton Rouge - 10202 Perkins Rowe
      132 31St St, New York, NY 10001
      View Details
    • Contact for pricing

      Madison Square Garden

      Discover many ways to work your way in ID, Meridian - W Overland Road
      5 Penn Plz, New York, NY 10001
      View Details
    • $50 SF/Yr
      20,000 SF

      Fifth Ave Full Floor Office

      Prime Flatiron District Office Space
      224 5Th Ave, New York, NY 10001
      View Details
    • Contact for pricing
      14,044 SF

      Prime Broadway Retail Space

      NYC Retail: 7 Units Available Now
      1177 Broadway, New York, NY 10001
      View Details
    • $40 SF/Yr
      92,037 SF

      Midtown Manhattan Office Space

      Prime Garment District location, flexible suites available.
      147 35Th St, New York, NY 10001
      View Details
    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.
    333 34th Stb
    New York, NY 10001-2417
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!