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Property profile & analytics
OFF-MARKET Estimated value $1,775,000
Office buildings

99 Park Ave New York, NY 10016-1601

654,168 SF 0.59 ac lot Built 1953
Individually Owned Absentee Owner ~ Est. High Equity
Property ID
US63-3144621
Property summary
AI-generated overview

This prestigious Class A office building, located at 99 Park Avenue in Murray Hill, New York, NY 10016, offers 500,000 square feet of executive office space within a single, 26-story building. Built in 1953 and extensively renovated in 2005, the property sits on a 25,700 square foot lot. Currently, there are 51,730 square feet of vacant space available for lease, offering multiple tenancy options ranging from 200 to 26,410 square feet. Seven individual office spaces are immediately available. Amenities include a turnstyle-attended lobby, high-speed internet, electricity, utilities, and HVAC. Shared spaces such as a kitchen, secretarial area, and conference room are also available for tenant use. The building features elevators and is conveniently located just two blocks from Grand Central Terminal, providing excellent access to public transportation. Flexible lease terms are available, with options up to three years. This exceptional property presents a unique opportunity to secure prime office space in a highly sought-after Midtown Manhattan location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1953
Total area 654,168 SF
Lot 0.59 ac (25,675 SF)
Zoning code C5-3
APN 00895-0001
UPID US63-3144621
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
$1.78M
Owner & transaction history
A Manger Limited Pret
A Manger Limited Pret
since 2025
Last sale
$2.5M
5 recorded transactions
2025
$2.5M
2017
Price N/A
2005
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C5-3 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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