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    Renovated Office Space with Terraces Title is generated by Realmo AI

    825 7th Ave, New York, NY

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    Pre-built office space with terraces, convenient Midtown location.

    Type:OFFICE
    Property size:
    19,229 SF
    Lot size:
    0.52 Acres
    Price / SF:
    $450/SF
    Added:
    Dec 4, 2024
    Days on Market:
    566
    Last Refresh:
    May 20 at 8:52 pm

    Property Features for 825 7th Ave

    General Information

    Standard status
    Active
    Size
    19,229 SF
    Lot size
    0.52 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 825 7th Ave Contact us

    We can help!

    Listing Contact
    Michael Rudder
    Michael Rudder

    Listing agent Michael Rudder

    Listing office Rudder Property Group

    Listing date Dec 4, 2024

    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

    • Uniquely situated between Times Square and Central Park with proximity to Columbus Circle
    • Convenient access to 10 different subway lines at 53rd Street, 50th Street, and 57th Street Stations
    • White‑boxed and pre‑built 7th floor includes a built pantry and two large private terraces
    • Recently renovated lobby with new elevators and updated building infrastructure
    • Recent upgrades include new restrooms, HVAC and operable windows
    • High loan‑to‑value financing readily available for qualified purchasers

    Overview

    This property features a white-boxed and pre-built 7th-floor office space, including a built-in pantry and two large private terraces. The building has a recently renovated lobby with new elevators and updated infrastructure. Recent upgrades include new restrooms, HVAC, and operable windows. The property is situated between Times Square and Central Park, with proximity to Columbus Circle. It offers convenient access to 10 different subway lines at 53rd Street, 50th Street, and 57th Street Stations. The property encompasses 19,229 square feet.

    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 $989.9k $51.48
    − Vacancy −$187.1k −$9.73
    EGI $802.8k $41.75
    − OpEx −$200.7k −$10.44
    NOI $602.1k $31.31
    19,229 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $8.60M
    $7.53M – $10.04M (±1% cap)
    NOI $602,112 @ 7.0% cap · market cap 6.96%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $47.86M
    $41.88M – $55.84M (±1% cap)
    NOI $3,350,461 @ 7.0% cap · market cap 38.72%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Weiss Yaacov Physician Xiaoya Wang, LAC, ... Alternative Medicine Practice iHope Academy Special Education Facility Dr. D Supplements Weight Loss Service drx9000 Medical Clinic

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center 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
    -73.9815
    Latitude
    40.7631

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    FAQs

    What type of property is this?
    Office units - Pre-built office space with terraces, convenient Midtown location.
    Where is this office units located?
    The property is located at 825 7th Ave New York, NY.
    What is the asking price?
    The asking price for this property is $8,653,050.
    What are key features of this property?
    This property features: Uniquely situated between Times Square and Central Park with proximity to Columbus Circle; Convenient access to 10 different subway lines at 53rd Street, 50th Street, and 57th Street Stations; **White‑boxed and pre‑built 7th floor includes a built pantry and two large private terraces**
    (646) 483-2203 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Rudder
    Michael Rudder
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