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333 52nd St New York, NY 10022-6332

OFF-MARKET Retail residential properties Google Maps
6,135 SF 0.04 ac lot Built 1920
Entity Owned 2-yr Hold ~ Est. High Equity
Estimated value (blended)
$4.33M
Range $3.89M – $4.76M (±10%)
Property ID US63-2309532

Property summary

AI-generated overview

This exceptional 40,000 square foot office building, constructed in 1928, is situated in the vibrant Hell's Kitchen submarket of Midtown West, New York County. The property offers a variety of office spaces to suit diverse needs, with nine currently available units ranging from 681 to 8,789 square feet. The building caters to multiple tenants, providing a flexible and adaptable environment for businesses of all sizes. The building boasts impressive 11-foot ceilings and offers 24/7 access, ensuring convenience and flexibility for occupants. Its prime location provides unparalleled access to a wealth of amenities, including an abundance of restaurants, bars, and entertainment options. Furthermore, the building enjoys excellent public transportation connectivity, with easy access to numerous subway lines (1, 2, A, C, E, B, D, N, Q, R & W) and bus routes. The landlord is also willing to undertake building improvements to meet tenant requirements, making this a truly exceptional opportunity in a highly sought-after location. The building's versatility accommodates various office styles, including traditional, executive, coworking, medical, and creative office spaces.

Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1920
Total area 6,135 SF
Lot 0.04 ac (1,883 SF)
Zoning code R8B
APN 01345-0016
UPID US63-2309532

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
  • Production Facility Factory
  • Home Decor Store (Bike/Boat/Book/etc) Store
  • Plumbing Service General Contractor
  • Spa & Massage Center Alternative Medicine Practice
  • Medical Clinic

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.33M
CAP Approach CAP
$3.01M
Comparable Approach Comparable
$3.70M
Blend (final) Blend
$4.33M

Owner & transaction history

since 2024
Last sale
$4.3M
3 recorded transactions
2024
Price N/A
2024
$4.3M
2021
Price N/A

Zoning & alternative use

R8B · New York, NY
Top alternative use upside
Warehouse, storage $5.0M +5.5%

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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