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    Property profile & analytics
    OFF-MARKET Estimated value $2,655,000
    Banks

    401 Park S Ave, New York, NY 10016-8808

    248,566 SF 0.42 ac lot Built 1910
    Trust Owned ~ Est. High Equity
    Property ID
    US63-0917184
    Property summary
    AI-generated overview

    This prestigious Class A office building in New York County offers 10,435 square feet of versatile workspace. The property features a multitude of options, including traditional office suites, executive office suites, and coworking spaces, catering to diverse business needs. Units range from a minimum of 10 square feet to a maximum contiguous space of 1,300 square feet, with a total of 350 suites. Currently, 5,970 square feet are available. The building provides fully furnished and equipped private offices, customizable to individual requirements. These options extend to executive suites, disaster recovery spaces, and day offices, offering flexible access. Coworking spaces promote collaboration, with dedicated desks and hot-desking options. A comprehensive range of meeting rooms is available, equipped for presentations, training sessions, or informal gatherings. Virtual office solutions are also offered, including mail handling and call answering services. Flexible membership plans provide access to a global network of workspaces, allowing for adaptable work arrangements. This property is ideal for businesses seeking a dynamic and adaptable workspace in a prime Midtown South location.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1910
    Total area 248,566 SF
    Lot 0.42 ac (18,268 SF)
    Zoning code C64A
    APN 00883-0088
    UPID US63-0917184
    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
    $3.10M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.77M
    Blend (final) Blend
    $2.66M
    Owner & transaction history
    Hal Patterson, Trustee
    Hal Patterson, Trustee
    since 2025
    7 recorded transactions
    2025
    2024
    $3.1M
    2022
    2022
    2019
    2017
    2016
    Zoning & alternative use
    C64A · New York, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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