45 34Th StNew York, NY 10001

Property Details for 45 34Th St

Year built

1910

Lot size

0.06 AC

Property size (Sq ft)

11,295 SF

Zone code

C5-2

Property type

Office properties

Property subtype

Office buildings

APN

00864-0027

APU

8640027

Description

This exceptional retail opportunity is located at 45 West 34th Street, in the vibrant heart of New York City's Herald Square. The property offers a total of 9,472 square feet of commercial space, currently entirely vacant and available for lease. Multiple units are available, with a minimum divisible space of 553 square feet and a maximum contiguous space of 5,390 square feet, providing flexibility for various business needs. The building's prime location within the bustling Herald Square commercial hub, defined by the intersection of Broadway, Sixth Avenue, and 34th Street, ensures high foot traffic and excellent visibility. This area is renowned for its iconic landmarks, including the elaborate Bennett Clock featuring the famous bell-ringing figures, "Guff" and "Stuff," and is enhanced by award-winning public gardens, offering a unique and attractive environment for businesses. The property is situated in New York County, New York, with a zip code of 10001. This presents a rare chance to establish a presence in one of Manhattan's most sought-after retail destinations. The entire 9,472 square feet is available for immediate occupancy. This is an unparalleled opportunity to capitalize on the high-traffic location and establish a thriving business in the heart of Midtown Manhattan.

• CAP approach

  CAP return

  Valuation

  6%

  $1,867,401

  6.5%

  $1,723,755

  7%

  $1,600,629

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,475,805

  Geo Method

  $1,475,805

• Alternative Use

  Use

  Valuation

  Residential

  $2,137,456

  Hospitality

  $1,957,898

  Educational

  $1,628,948

  Medical

  $1,684,970

  Retail

  $2,533,919

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7478

Longitude

-73.9822

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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