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Full-Floor Creative Space
For Lease
$4,995/Mo

127 E 31st Street, New York, NY 10016

COMMERCIAL - New York, NY

Space Size2,425 SF
Days on Market101

Property Features for 127 E 31st Street

General Information

Property type Commercial Lease
Property subtype Other
Standard status Active

Amenities

private kitchenette
basement storage
sound reducing panels
private restroom
conference room
branding and signage potential
natural light

Building Details

Flooring type Hardwood
Listing Agency: EVERGREEN REALTY & INVESTMENTS
Listed By: Emma Barattini
Added: May 13 Changed: Aug 4 Last Checked: Aug 21 at 4:06AM
MLS# 11764242

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This full-floor creative space at 127 E 31st Street includes approximately 1,725 SF, with the stated building load factor included, plus a basement of about 700 SF for storage. The former television studio features multiple private offices, separate rooms, conference areas, expansive studio areas, a dedicated conference room, private restroom, kitchenette, direct elevator access, and hardwood flooring. Sound-reducing panels and upgraded finishes are already in place, with strong natural light across portions of the floor.

The property occupies a highly visible Manhattan corridor near Park Avenue South, Lexington Avenue, NoMad, and Koreatown. The surrounding area combines office, residential, hotel, and retail activity, with access to multiple subway lines and Grand Central connectivity. The flexible layout and existing improvements support creative, media, showroom, wellness, gallery, medical, educational, and experiential uses identified for the space.

Key Highlights

  • Approximately 1,725 SF full‑floor space with a 15% building load factor
  • About 700SF basement storage area
  • Former television studio with large open studio rooms

Property Analytics

Current Use

Crown Books NYC Publishing House The Switch / Beers Enterprises, ... Business To Business Service

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.

Lease Details

NNN (Triple Net)
Lease Type
$3.71 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

74,499
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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Creative space - Built-out interiors include private offices, conference areas, and open studio rooms.
Where is this creative space located?
The property is located at 127 E 31st Street New York, NY.
What is the lease rate?
The lease rate is $4,995/Mo.
What are key features of this property?
This property features: Approximately 1,725 SF full‑floor space with a 15% building load factor; About 700SF basement storage area; Former television studio with large open studio rooms
More about this property
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