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Mixed-Use Multifamily Office Building
For Sale
$4,999,950

115 E 39th St, New York, NY 10016

Midtown Manhattan building with office and medical space on lower floors and apartments above, including rent-stabilized tenants.

Property SizeContact for details
Days on Market739

Property Features for 115 E 39th St

General Information

Standard status Active
Listing Agency: RE/MAX In The City
Listed By: Chintan Trivedi · License #996433
Source: Exprealty
Added: Aug 29, 2024 Changed: Aug 20 Last Checked: Sep 5 at 2:45PM

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 RE/MAX In The City

Investment Insights

Based on property information with market context.

This mixed-use building includes original space of 6,254 square feet plus a penthouse apartment, with a current vertical split between office/medical use and residential apartments. The 1st floor is described as office and medical space. The 2nd floor offers medical office space, and the 3rd floor is described as medical office space as well. The upper floors include studio and one-bedroom apartment units, with the 4th floor currently occupied by a large apartment space. The property also includes studio and one-bedroom apartment units on the 5th floor.

The building is described as being located in Midtown Manhattan, approximately two blocks from Grand Central Terminal. The current configuration provides options for an owner’s end use, including flexibility described as delivering the bottom two floors for rental while the buyer takes over the upper apartments, or delivering the property empty except for two rent-stabilized tenants.

Key Highlights

  • Midtown Manhattan mixed‑use building with office/medical space on lower floors and apartments above.
  • Two blocks from Grand Central Terminal.
  • Approx. 6,254 sq ft plus PH apartment.

Property Analytics

Current Use

Catscape Productions Film Production Kettle Media Concepts, ... Film Production iWoman Media Distribution

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Buffet Butcher Locksmith Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

79,335
Businesses Nearby

Demographics for 10016, NY

62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Midtown Manhattan building with office and medical space on lower floors and apartments above, including rent-stabilized tenants.
Where is this apartment building located?
The property is located at 115 E 39th St New York, NY.
What is the asking price?
The asking price for this property is $4,999,950.
What are key features of this property?
This property features: Midtown Manhattan mixed‑use building with office/medical space on lower floors and apartments above.; Two blocks from Grand Central Terminal.; Approx. 6,254 sq ft plus PH apartment.
More about this property
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