Office Building with Outdoor
For Sale
$5,950,000
250 E 49th St, New York, NY 10017
8,356 SF office building with terrace for sale.
Property Size8,356 SF
Price / SF$712.06
Days on Market166
Property Features for 250 E 49th St
General Information
Standard status
Active
Size
8,356 SF
Property subtype
Office
Building Details
Year Built
2010
Listing Agency:
(212) 519-2009
Listed By:
Jonata Dayan
Source:
Naiglobal
Added: Mar 6
Changed: Jul 6
Last Checked: Aug 19 at 5:10AM
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 Jonata Dayan
Investment Insights
Based on property information with market context.
The property at 250 East 49th Street offers 8,356 square feet of space, presenting an opportunity for investors and owner/users. The building features wrap-around floor-to-ceiling windows that provide ample natural light, along with a 1,373 square foot outdoor terrace. A dedicated street-level entrance and elevator access to the second floor are included. Unit 2 is currently occupied and generates an annual income of $180,000, potentially providing a built-in client base. Additionally, there is a vacant commercial suite on the ground floor that could attract a variety of visitors.
Key Highlights
- Excellent natural light from wrap‑around floor‑to‑ceiling windows
- Large 1,373 GSF outdoor terrace
- Existing income of $180,000 per annum from occupied unit 2
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$261,649
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,232,980
$5.2M
Cap Rate 7%
$3,737,843
$3.7M
Cap Rate 9%
$2,907,211
$2.9M
Market Conditions
NOI Build-Up for 8,356 SF
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.
Gross rent
$430.2K $51.48/SF
− Vacancy
−$81.3K −$9.73/SF
EGI
$348.9K $41.75/SF
− OpEx
−$87.2K −$10.44/SF
NOI
$261.6K $31.31/SF
Area
New York, NY
Vacancy
18.90%
Lease Rate
$51.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,232,980
Cap Rate 7%
$3,737,843
Cap Rate 9%
$2,907,211
Alternative Uses
Best Use
Office B
$3.74M
$3.27M – $4.36M
NOI $261,649 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$20.80M
$18.20M – $24.27M
NOI $1,455,949 @ 7.0% cap · market cap 24.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
58,096
Businesses Nearby
Explore this area
Business Placement
Demographics for 10017, NY
17,401
Population
12,866
Households
1.4
Avg Household Size
38
Median Age
85%
College-Educated
97%
High-School Grad
0.3 sq mi
ZIP Area
58,003
Density / Sq Mi
$132,518
Median Household Income
$94,214
Median Earnings
$2,980
Median Rent
$808,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 8,356 SF office building with terrace for sale.
Where is this office building located?
The property is located at 250 E 49th St New York, NY.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Excellent natural light from wrap‑around floor‑to‑ceiling windows; Large 1,373 GSF outdoor terrace; Existing income of $180,000 per annum from occupied unit 2
