44 55Th StNew York, NY 10019

Property Details for 44 55Th St

Year built

1920

Lot size

0.05 AC

Property size (Sq ft)

8,000 SF

Zone code

C5-P

Property type

Office properties

Property subtype

Office buildings

APN

01270-0059

APU

12700059

Description

This exceptional 1,925 square foot retail space is available for lease at 44 West 55th Street in the heart of Midtown Manhattan, New York, NY 10019. Located on the second floor, this single-tenant property offers a unique opportunity for businesses seeking a high-visibility location in a vibrant commercial district. The entire space is currently vacant, providing immediate occupancy for a new tenant. The property's convenient Midtown location offers unparalleled access to a dense population of residents, workers, and tourists. This presents a significant advantage for businesses seeking high foot traffic and brand exposure. The address, 44 West 55th Street, is easily identifiable and memorable, contributing to strong brand recognition. The property is classified as commercial retail space within New York County. With its generous 1,925 square feet of usable space, this property is suitable for a wide range of retail businesses. The single-tenant occupancy ensures exclusive use of the premises, offering flexibility and control over the space's layout and operations. This presents a rare opportunity to establish a prominent retail presence in one of Manhattan's most sought-after commercial areas. Interested parties are encouraged to inquire further to explore the possibilities this exceptional property offers. The property is conveniently located in Midtown, offering easy access to various transportation options and a wealth of amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $1,322,639

  6.5%

  $1,220,898

  7%

  $1,133,690

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,045,280

  Geo Method

  $1,045,280

• Alternative Use

  Use

  Valuation

  Residential

  $1,513,913

  Hospitality

  $1,386,736

  Educational

  $1,153,748

  Medical

  $1,193,427

  Retail

  $1,794,719

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7623

Longitude

-73.9769

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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