White-Box Office Suite with
For Sale
Contact for pricing
825 7th Ave, New York, NY 10019
Seventh-floor office space features a built pantry and two private terraces, with recently renovated building amenities.
Property Size19,229 SF
Price / SF$450
Days on Market648
Property Features for 825 7th Ave
General Information
Standard status
Active
Size
19,229 SF
Property subtype
OFFICE
Amenities
built pantry
private terraces
recently renovated lobby
new elevators
new restrooms
operable windows
Listing Agency:
Rudder Property Group
(212) 966-3611
Listed By:
Michael Rudder · License #10491201687
(646) 483-2203
Source:
Moodyscre
Added: Dec 4, 2024
Changed: Aug 13
Last Checked: Sep 13 at 11:41AM
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
Investment Insights
Based on property information with market context.
This seventh-floor office suite is white-boxed and pre-built, with a built pantry and two large private terraces. Recent upgrades include new restrooms, HVAC, and operable windows. The lobby has been recently renovated with new elevators and updated building infrastructure.
The building is located near Columbus Circle, between Times Square and Central Park. Access to multiple subway lines is available at the 53rd Street, 50th Street, and 57th Street stations.
Floors can be sold individually or combined, allowing flexibility for a range of space requirements.
The building is located near Columbus Circle, between Times Square and Central Park. Access to multiple subway lines is available at the 53rd Street, 50th Street, and 57th Street stations.
Floors can be sold individually or combined, allowing flexibility for a range of space requirements.
Key Highlights
- Seventh‑floor office space 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
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
$602,112
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
6.96%
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%
$12,042,240
$12.0M
Cap Rate 7%
$8,601,600
$8.6M
Cap Rate 9%
$6,690,133
$6.7M
Market Conditions
NOI Build-Up for 19,229 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
$989.9K $51.48/SF
− Vacancy
−$187.1K −$9.73/SF
EGI
$802.8K $41.75/SF
− OpEx
−$200.7K −$10.44/SF
NOI
$602.1K $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%
$12,042,240
Cap Rate 7%
$8,601,600
Cap Rate 9%
$6,690,133
Alternative Uses
Best Use
Office B
$8.60M
$7.53M – $10.04M
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
NOI $3,350,461 @ 7.0% cap · market cap 38.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
57,003
Businesses Nearby
Explore this area
Business Placement
Demographics for 10019, NY
49,029
Population
33,279
Households
1.5
Avg Household Size
38
Median Age
78%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
70,041
Density / Sq Mi
$121,835
Median Household Income
$108,231
Median Earnings
$2,619
Median Rent
$1,066,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - Seventh-floor office space features a built pantry and two private terraces, with recently renovated building amenities.
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: Seventh‑floor office space 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
