Built-Out Office
For Sale
Contact for pricing
25 W 31st St, New York, NY 10001
Full-floor office space with high ceilings, multiple offices, bullpens, private bathrooms, and a conference room.
Property Size6,000 SF
Price / SF$791.67
Days on Market1574
Property Features for 25 W 31st St
General Information
Standard status
Active
Size
6,000 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Midtown Manhattan
Amenities
high ceilings
full floor space
multiple offices built out
multiple bullpen areas
private bathrooms
full kitchen
conference room
wood floors
walking distance to Penn Station
Listing Agency:
JSN Properties
(212) 929-8390
Listed By:
Jeffrey Nissani
Source:
Moodyscre
Added: Jul 11, 2022
Changed: Oct 26
Last Checked: Oct 30 at 2:43PM
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 JSN Properties
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Investment Insights
Based on property information with market context.
This full-floor office space is built out with multiple offices and several bullpen areas, offering both private and collaborative work settings. The interior features high ceilings and wood floors, along with private bathrooms and a full kitchen for everyday convenience. A dedicated conference room supports meetings and client presentations within the suite.
The property is described as within walking distance to Penn Station, providing convenient transit access for staff and visitors.
The offering is positioned as an office unit suitable for an organization that values a finished layout with conference space, private restrooms, and kitchen amenities already in place.
The property is described as within walking distance to Penn Station, providing convenient transit access for staff and visitors.
The offering is positioned as an office unit suitable for an organization that values a finished layout with conference space, private restrooms, and kitchen amenities already in place.
Key Highlights
- Full‑floor office space with high ceilings
- Multiple offices and multiple bullpen areas
- Conference room and full kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$187,876
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,757,520
$3.8M
Cap Rate 7%
$2,683,943
$2.7M
Cap Rate 9%
$2,087,511
$2.1M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$308.9K $51.48/SF
− Vacancy
−$58.4K −$9.73/SF
EGI
$250.5K $41.75/SF
− OpEx
−$62.6K −$10.44/SF
NOI
$187.9K $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 Rate 5%
$3,757,520
Cap Rate 7%
$2,683,943
Cap Rate 9%
$2,087,511
Alternative Uses
Best Use
Office B
$2.68M
$2.35M – $3.13M
NOI $187,876 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$14.93M
$13.07M – $17.42M
NOI $1,045,440 @ 7.0% cap · market cap 22.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
91,205
Businesses Nearby
Explore this area
Business Placement
Demographics for 10001, NY
32,612
Population
17,554
Households
1.9
Avg Household Size
35
Median Age
72%
College-Educated
93%
High-School Grad
0.6 sq mi
ZIP Area
54,353
Density / Sq Mi
$123,393
Median Household Income
$97,848
Median Earnings
$3,024
Median Rent
$793,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Full-floor office space with high ceilings, multiple offices, bullpens, private bathrooms, and a conference room.
Where is this office unit located?
The property is located at 25 W 31st St New York, NY.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Full‑floor office space with high ceilings; Multiple offices and multiple bullpen areas; Conference room and full kitchen
