Full-Floor Creative
For Lease
$4,995/Mo
127 E 31st Street, New York, NY 10016
Commercial Lease, New York, NY
Space Size2,425 SF
Days on Market129
Property Features for 127 E 31st Street
General Information
Property type
Commercial Lease
Property subtype
Other
Standard status
Active
Amenities
private restroom
private kitchenette
sound reducing panels
branding and signage potential
natural light
basement storage
Building Details
Flooring type
Hardwood
Listing Agency:
EVERGREEN REALTY & INVESTMENTS
(646) 838-1378
Listed By:
Emma Barattini
(815) 252-4110
Added: May 13
Changed: Sep 4
Last Checked: Sep 18 at 4:06PM
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 offers approximately 1,725 SF, including a 15% building load factor, along with roughly 700SF of basement storage. The layout combines private offices, separate rooms, conference areas, and expansive open rooms, with a dedicated conference room, private restroom, kitchenette, hardwood flooring, upgraded finishes, and sound-reducing panels already in place. Direct elevator access and portions of the premises receive strong natural light. The space was formerly used as a television studio and is presented in move-in-ready condition.
Located at 127 E 31st Street in New York, the property sits near Park Avenue South, Lexington Avenue, NoMad, and Koreatown. The surrounding setting includes office, residential, hotel, and retail activity, with access to multiple subway lines and Grand Central connectivity. Existing frontage and signage areas provide a visible commercial presence along the corridor.
Located at 127 E 31st Street in New York, the property sits near Park Avenue South, Lexington Avenue, NoMad, and Koreatown. The surrounding setting includes office, residential, hotel, and retail activity, with access to multiple subway lines and Grand Central connectivity. Existing frontage and signage areas provide a visible commercial presence along the corridor.
Key Highlights
- Approx. 1,725 SF full‑floor footprint includes a 15% building load factor
- Roughly 700SF of basement storage accompanies the main premises
- Multiple private offices, separate rooms, open studio areas, and conference spaces
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.71 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
74,499
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for New York, NY
$80.76 /SF/Yr
Avg Asking Price
$45.53–$109 /SF/Yr
Price Range
6,272 SF
Avg Space Size
This space is priced 69% below the average of $80.76 /SF/Yr.
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Creative space - Built-out commercial premises with private offices, studio-scale rooms, conference facilities, and direct elevator access.
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: Approx. 1,725 SF full‑floor footprint includes a 15% building load factor; Roughly 700SF of basement storage accompanies the main premises; Multiple private offices, separate rooms, open studio areas, and conference spaces
