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    Flatiron Office with Architectural Design Title is generated by Realmo AI

    936 Broadway, New York, NY

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    Flatiron office space featuring brick arches, high ceilings, and natural light.

    Type:OFFICE
    Property size:
    18,500 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $625/SF
    Added:
    May 20, 2025
    Days on Market:
    395
    Last Refresh:
    May 19 at 9:58 pm

    Property Features for 936 Broadway

    General Information

    Standard status
    Active
    Size
    18,500 SF
    Lot size
    0.26 Acres
    Property subtype
    OFFICE

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    Listing Contact
    Justin Harris
    Justin Harris

    Listing agent Justin Harris

    Listing office Rudder Property Group

    Listing date May 20, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Rudder Property Group

    HighLights

    • Prime Flatiron location between Madison Square Park & Union Square.
    • Distinct architectural design with brick arches, high ceilings, and large windows with natural light and views.
    • High‑end installation including interconnecting staircase, private offices, meeting rooms, two conference rooms, kitchen, pantry, and owner‑controlled HVAC.
    • Up to 90% financing available for qualified purchasers.
    • Ideal for non‑profits, medical groups, educational institutions, and professional offices.
    • Attended lobby with signage potential.

    Overview

    Located in the Flatiron District, between Madison Square Park and Union Square, this office space features a distinct architectural design. The property includes brick arches, high ceilings, and large windows that provide natural light and views. The space has a high-end installation with an interconnecting staircase, private offices, meeting rooms, two conference rooms, a kitchen, and a pantry. It also features owner-controlled HVAC. An attended lobby offers signage potential. The 18,500-square-foot property is suitable for non-profits, medical groups, educational institutions, and professional offices. Financing up to 90% is available for qualified purchasers.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $952.4k $51.48
    − Vacancy −$180.0k −$9.73
    EGI $772.4k $41.75
    − OpEx −$193.1k −$10.44
    NOI $579.3k $31.31
    18,500 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $8.28M
    $7.24M – $9.65M (±1% cap)
    NOI $579,285 @ 7.0% cap · market cap 5.01%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $46.05M
    $40.29M – $53.72M (±1% cap)
    NOI $3,223,440 @ 7.0% cap · market cap 27.88%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Douglas Elliman Real ... Real Estate Agency Stein Adler Dabah ... Law Firm Ackerman Institute for the Family Medical Clinic Mika Kallner, LMSW Marriage Or Relationship Counselor Mavverik Marketing & Advertising

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center

    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
    -73.9893
    Latitude
    40.7403

    FAQs

    What type of property is this?
    Office units - Flatiron office space featuring brick arches, high ceilings, and natural light.
    Where is this office units located?
    The property is located at 936 Broadway New York, NY.
    What is the asking price?
    The asking price for this property is $11,562,500.
    What are key features of this property?
    This property features: Prime Flatiron location between Madison Square Park & Union Square.; **Distinct architectural design** with brick arches, high ceilings, and large windows with natural light and views.; High‑end installation including interconnecting staircase, private offices, meeting rooms, two conference rooms, kitchen, pantry, and owner‑controlled HVAC.
    (914) 582-9227 Call to check price and availability
    More about this property
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