Property profile

70 36th St Fl 11a New York, NY 10018

OFF-MARKET
Flex space
Property ID
US63-2242903
7,468 SF Built 1924
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,932 square-foot medical office suite, located at 70 West 36th Street in Midtown West, New York, NY 10018, is available for sublease. Situated in the vibrant Herald Square/Penn Plaza area between Fifth and Sixth Avenues, this fully accredited, move-in-ready space boasts a sophisticated design ideal for a variety of medical specialties. The layout includes a welcoming reception and waiting area, multiple exam rooms, private offices, a fully equipped AAAASF procedural room, a two-bay recovery room, a dedicated lab, a convenient kitchen and pantry, and separate staff and patient restrooms. High-end features include soundproof exam rooms and offices, ensuring patient privacy and a quiet work environment. The suite also benefits from dual-zone central air conditioning and abundant natural light from twelve large windows. All medical equipment is included as part of the sublease. This prime location offers unparalleled access to public transportation, with fourteen subway lines, the PATH train, Penn Station, the Port Authority Bus Terminal, and Grand Central Terminal all within easy reach. A parking garage is conveniently located just one block away. This exceptional property presents a rare opportunity to acquire a fully equipped, high-quality medical office space in a highly desirable location.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1924
Total area 7,468 SF
Zoning code M1-6
APN 00837-1021
UPID US63-2242903

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
  • Industrial Manufacturer Production Facility
  • Law Firm Child Welfare Organization
  • Business Management Consultant Software Company
  • Dental Office
  • Dental Office

Location

70 36th St Fl 11a New York, NY 10018-8007
New York metro Census 8400 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.96M
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.58M
Blend (final) Blend
$9.78M

Owner & transaction history

since 2016
Last sale
$10.5M
7 recorded transactions
2016
$9.7M
2011
Price N/A
2010
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

M1-6 · New York, NY
Top alternative use upside
Retail stores $9.8M +13.4%

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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