Multi-Tenant Office Condominium
For Sale
Contact for pricing
32 W 39th St, New York, NY 10018
16-story office building offers full floors and large contiguous blocks with high ceilings and three-sided window exposure.
Property Size8,355 SF
Price / SF$800
Days on Market605
Property Features for 32 W 39th St
General Information
Standard status
Active
Size
8,355 SF
Property subtype
OFFICE
Building Details
Stories
16
Listing Agency:
Rudder Property Group
(646) 483-2203
Listed By:
Michael Rudder · License #10491201687
(646) 483-2203
Source:
Moodyscre
Added: Dec 2, 2024
Changed: Jul 28
Last Checked: Jul 29 at 3:55PM
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.
32 West 39th Street is a 16-story office condominium building in the Bryant Park submarket. The property offers full floors ranging from 3,970 RSF to 8,371 RSF, along with large contiguous office blocks of up to 50,000 RSF. Interiors benefit from high ceilings and three sides of large windows designed to provide bright natural light.
The building is located between Fifth and Sixth Avenues and is described as adjacent to Amazon’s Fifth Avenue Headquarters, with proximity between Grand Central and Penn station. Building improvements include a recently restored façade, a redesigned lobby, and elevator upgrades.
Additional noted features include potential for a roof deck on the 5th floor, adding optional outdoor amenity space within the building’s common areas or upper level footprint.
The building is located between Fifth and Sixth Avenues and is described as adjacent to Amazon’s Fifth Avenue Headquarters, with proximity between Grand Central and Penn station. Building improvements include a recently restored façade, a redesigned lobby, and elevator upgrades.
Additional noted features include potential for a roof deck on the 5th floor, adding optional outdoor amenity space within the building’s common areas or upper level footprint.
Key Highlights
- 87,072 SF 16‑story office building in the Bryant Park submarket at 32 West 39th Street
- Full floors available from 3,970 RSF to 8,371 RSF, plus contiguous blocks up to 50,000 RSF
- High ceilings with three sides of large windows for bright natural light
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $430.1k | $51.48 |
| − Vacancy | −$81.3k | −$9.73 |
| EGI | $348.8k | $41.75 |
| − OpEx | −$87.2k | −$10.44 |
| NOI | $261.6k | $31.31 |
8,355 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.74M
$3.27M – $4.36M
NOI $261,618 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$20.80M
$18.20M – $24.26M
NOI $1,455,775 @ 7.0% cap · market cap 21.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
100,617
Businesses Nearby
Explore this area
Business Placement
Demographics for 10018, NY
11,145
Population
5,678
Households
2
Avg Household Size
35
Median Age
75%
College-Educated
92%
High-School Grad
0.3 sq mi
ZIP Area
37,150
Density / Sq Mi
$133,042
Median Household Income
$103,655
Median Earnings
$3,501
Median Rent
$947,100
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 - 16-story office building offers full floors and large contiguous blocks with high ceilings and three-sided window exposure.
Where is this office building located?
The property is located at 32 W 39th St New York, NY.
What is the asking price?
The asking price for this property is $6,684,000.
What are key features of this property?
This property features: 87,072 SF 16‑story office building in the Bryant Park submarket at 32 West 39th Street; Full floors available from 3,970 RSF to 8,371 RSF, plus contiguous blocks up to 50,000 RSF; High ceilings with three sides of large windows for bright natural light
