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    Investment properties

    341 W 44Th St, New York, NY 10036

    7,220 SF 0.06 ac lot Built 1932
    Individually Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US63-5231063
    Property summary
    AI-generated overview

    This exceptional 7,220-square-foot retail property at 341 West 44th Street in New York City presents a unique owner-user opportunity. Priced at $4,800,000 ($762 per square foot), this three-story building boasts a 25-foot wide frontage on a vibrant stretch of West 44th Street, situated between 8th and 9th Avenues. The property will be delivered vacant, offering immediate occupancy for a new owner. Benefitting from flexible C6-2/R8 Equivalent/CL zoning, the space allows for diverse commercial and residential development possibilities. Its location within the Special Clinton District is notable, yet it does not require a Certificate of Non-Harassment. Enjoy unparalleled convenience with its proximity to Times Square and the Midtown business district, just two blocks away. Excellent public transportation is readily accessible, with multiple subway lines (A, C, E, N, Q, R, S, W, 1, 2, 3, 7) located on the same block. The property also benefits from the vibrant atmosphere of nearby 9th Avenue's restaurants and bars, and the renowned Restaurant Row on West 46th Street. The lot size is 2,511 square feet. This is an ideal investment for an owner-user seeking a high-visibility location in a bustling area of Manhattan.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1932
    Total area 7,220 SF
    Lot 0.06 ac (2,510 SF)
    Zoning code C6-2
    APN 01035-0011
    UPID US63-5231063
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $5.14M
    Owner & transaction history
    Buddhas Light Cultural Center · 11 yrs held
    Buddhas Light Cultural Center
    since 2015
    2 recorded transactions
    2015
    $9.0M
    1969
    Zoning & alternative use
    C6-2 · New York, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Industrial (general) $6.7M +5.5%
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    More about this property
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