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    27 W 23Rd St New York, NY 10010

    For Lease
    Contact for pricing

    Six-story office building in Manhattan's Flatiron District, renovated in 2020.

    Property size:
    35,338 SF
    Lot size:
    0.41 Acres

    Property Features for 27 W 23Rd St

    General Information

    Size
    35,338 SF
    Lot size
    0.41 Acres

    Source: Olmstead Properties, Inc. Agent Steven H. Marvin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Office Building in Flatiron

    Located in Manhattan’s Flatiron District, 27 West 23rd Street is a 6-story office building constructed in 1880, offering 159,000 rentable square feet. The property underwent a complete renovation in 2020, featuring a new lobby, storefront, elevators, and windows. The building provides entrances on both 23rd and 24th streets, with typical floor plates of 25,500 square feet. The leasable office building is home to notable tenants including Betterment and Edrington USA. The property offers 24/7 access, two passenger elevators, storage, key card building entry, on-site property manager, lobby attendant, and a service elevator. Conveniently situated near various bus and subway lines and steps from 5th Avenue, tenants have easy access to upscale shopping and gourmet restaurants, including Eataly next door. Madison Square Park is also within a short walk of the building. The property size is 35,338 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jewish Latin Center Non-Profit Organization Irene L. Dolphin, ... Nutritionist Vettery Recruiter Duggal Color Project ... Media Company Touro city School

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Food Market Grocery Store Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9906324
    Latitude
    40.7421561

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    FAQs

    What type of property is this?
    Office building - Six-story office building in Manhattan's Flatiron District, renovated in 2020.
    Where is this office building located?
    The property is located at 27 W 23Rd St New York, NY.
    What are key features of this property?
    This property features: - Completely renovated in 2020 with a new lobby, storefront, elevators, and windows.; - Prime Flatiron District location, steps from 5th Avenue, upscale shopping, and gourmet restaurants (including Eataly next door).; - Convenient access to various bus and subway lines.
    (212) 564-6662
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    27 W 23Rd St New York, NY 10010
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    New York, NY 10010
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    27 W 23Rd St New York, NY 10010
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