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Property profile & analytics

41 41st St New York, NY 10017-6206

  • Investment properties
  • 5,000 SF
  • 0.02 lot acres
OFF-MARKET
Value Estimations
$215,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US63-0778239
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

  • 41 spa / Massage Spa
  • WAWA SPA / Massage Spa / Massage Therapist
  • Forty One SPA | Massage NYC / Massage Spa / Spa
  • Homefront Deli Inc / Deli / Family Restaurant
  • BLUE SWAN SPA | Asian Massage Midtown NYC / Massage Spa / Massage Therapist

Property Details for 41 41st St

Year built
1920
Lot size
0.02 lot acres
Property size
5,000 SF
Zone code
C5-3
Property type
Investment properties
Property subtype
Live-work space
APN
01276-0024
APU
12760024

Description

This exceptional mixed-use property at 41 East 41st Street, nestled between Madison and Park Avenues in Manhattan's Murray Hill neighborhood (zip code 10017), presents a compelling investment prospect. The asking price is $3,000,000, with a current cap rate of 1%. The building encompasses 10,795 square feet and boasts a current occupancy rate of 1%. A significant advantage lies in the inclusion of 10,795 square feet of transferable development rights (TDRs), situated within the expansive East Midtown Zoning District. This district covers 78 blocks, extending from East 39th to East 57th Streets between Third and Madison Avenues, offering substantial potential for future development. The property's zoning is classified as East Midtown. Note that a separate 5,000 square foot free-market mixed-use building on a distinct tax lot is also available for acquisition. This presents a unique opportunity for investors and developers seeking to capitalize on the prime location and significant development potential within this vibrant Manhattan neighborhood. The property's address is 41 E 41st St, New York, NY.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $255,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $178,000
    Market price range: $79.1k - $333k

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


Location Insight

  • Map
  • Local Demand
City
New York
County
New York
State
New York
Longitude
-73.9792
Latitude
40.7521
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
$117,206
$684,450
$253,044
$937,494
-
$1,690,000
$624,800
$2,314,800
More about this property
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