Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    341 W 44Th St New York, NY 10036

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    341 W 44Th St New York, NY 10036

    View on Map
    • Investment properties
    • 7,220 SF
    • 0.06 lot acres
    For Sale
    $4,800,000
    View Listing →
    Retail Space For Sale For Sale
    $4,800,000
    7,220 SF

    Retail Space For Sale

    Retail space available for purchase in New York, NY.

    341 W 44th St, New York, NY 10036
    View Listing
    Property ID
    US63-5231063
    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

    • Investment properties

    Property Details for 341 W 44Th St

    Year built
    1932
    Lot size
    0.06 lot acres
    Property size
    7,220 SF
    Zone code
    C6-2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    01035-0011
    APU
    10350011

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $6,355,000
      Current use
      INDUSTRIAL (GENERAL)
      $6,710,000
      Change: +6% Conversion: Moderate
      WAREHOUSE, STORAGE
      $5,900,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9906
    Latitude
    40.7595
    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
    $189,450
    $1,450,170
    $1,639,620
    -
    $421,000
    $3,141,000
    $3,562,000

    Comparable in this City

    • Value Estimation
      $3,345,000
      6,940 SF

      23 45th St

      STORE/OFFICE (MIXED USE) • 6,940 SF
      23 45th St, New York, NY 10036-4900
      View Details
    • Value Estimation
      $4,495,000
      11,556 SF

      121 45th St

      STORE/OFFICE (MIXED USE) • 11,556 SF
      121 45th St, New York, NY 10036-4004
      View Details
    • Value Estimation
      $5,655,000
      7,887 SF

      719 7th Ave

      STORE/OFFICE (MIXED USE) • 7,887 SF
      719 7th Ave, New York, NY 10036-1597
      View Details
    • Value Estimation
      $10,680,000
      22,073 SF

      760 8th Ave, Unit 766

      STORE/OFFICE (MIXED USE) • 22,073 SF
      760 8th Ave, New York, NY 10036-1411
      View Details
    • Value Estimation
      $8,855,000
      12,343 SF

      1552-1554 Broadway

      STORE/OFFICE (MIXED USE) • 12,343 SF
      1552-1554 Broadway, New York, NY 10036
      View Details
    • Value Estimation
      $910,000
      2,880 SF

      373 46th St

      STORE/OFFICE (MIXED USE) • 2,880 SF
      373 46th St, New York, NY 10036-3810
      View Details

    Similar Nearby for Sale

    • $13,568,000

      Hell's Kitchen Mixed-Use Property

      Mixed-use property in Hell's Kitchen with stores and apartments.
      468 W 47Th St, New York, NY 10036
      View Details
    • $13,000,000

      Midtown West Mixed-Use Asset

      Mixed-use property in Restaurant Row, delivered 100% vacant.
      365-367 West 46Th St, New York, NY 10036
      View Details
    • Contact for pricing

      Bright Hell's Kitchen Apartment

      Spacious 1-bedroom apartment in the heart of Hell's Kitchen.
      600 10Th Ave, Manhattan, NY 10036
      View Details
    • $13,568,000

      Hell's Kitchen Mixed-Use Property

      Mixed-use property featuring stores and apartments in Hell's Kitchen.
      468 W 47Th St, New York, NY 10036
      View Details
    • Contact for pricing
      10,750 SF

      Theater District Commercial Building

      Commercial building in Theater District / Midtown West.
      254 W 47Th St, New York, NY 10036
      View Details
    • Contact for pricing
      9,976 SF

      Midtown West Mixed-Use Opportunity

      Vacant mixed-use building in Midtown West's Restaurant Row.
      365 W 46Th St, New York, NY 10036
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Hell's Kitchen Flex Retail Space

      Unique flex space in Manhattan's Hell's Kitchen neighborhood.
      417 W 44Th St, New York, NY 10036
      View Details
    • Contact for pricing
      3,800 SF

      Prime NYC Retail Space Available

      West 44th Street Retail Opportunity
      417 44Th St, New York, NY 10036
      View Details
    • Contact for pricing

      Office Space in New York

      Office space available, ranging from 2,300 to 5,500 square feet.
      7Th Ave, New York, NY 10036
      View Details
    • Contact for pricing

      High-Floor Office Space Available

      Vacant office space with new installations and flexible layout.
      5th W 46Th St, New York, NY 10036
      View Details
    • Contact for pricing
      2,583 SF

      New Retail Space Available

      New construction retail space with modern design and infrastructure.
      622 11Th Ave, New York, NY 10036
      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.
    341 W 44Th St
    New York, NY 10036
    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
    341 W 44Th St, New York, NY, 10036
    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!