Office Condominium Building with Large Contiguous
For Sale
Contact for pricing
32 W 39th St, New York, NY 10018
Full-floor office condominiums offer bright natural light and contiguous space blocks up to 50,000 RSF.
Property Size4,527 SF
Price / SF$900
Days on Market605
Property Features for 32 W 39th St
General Information
Standard status
Active
Size
4,527 SF
Elevators
Yes
Property subtype
OFFICE
Additional Details
Public Transit
Yes
Amenities
high ceilings
large windows
potential roof deck on the 5th floor
restored facade
redesigned lobby
Building Details
Buildings
1
Stories
16
Building Size
87,072 SF
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 29
Last Checked: Jul 30 at 1:23PM
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.
Bryant Park Office Condominiums at 32 W 39th St is a 16-story office condominium building offering full floors sized from 3,970 RSF to 8,371 RSF. Floorplates can also be configured into large contiguous blocks of up to 50,000 RSF, supporting a range of tenant space needs.
The building features high ceilings and three sides of large windows designed to bring in bright natural light. Unique building features include potential roof deck space on the 5th floor. The property is well maintained, with a recently restored façade, a redesigned lobby, and elevator upgrades.
Positioned in the Bryant Park submarket, the building is adjacent to Amazon’s Fifth Avenue Headquarters, between Fifth and Sixth Avenues, and situated between Grand Central and Penn Station.
The building features high ceilings and three sides of large windows designed to bring in bright natural light. Unique building features include potential roof deck space on the 5th floor. The property is well maintained, with a recently restored façade, a redesigned lobby, and elevator upgrades.
Positioned in the Bryant Park submarket, the building is adjacent to Amazon’s Fifth Avenue Headquarters, between Fifth and Sixth Avenues, and situated between Grand Central and Penn Station.
Key Highlights
- 16‑story office condominium building totaling 87,072 SF
- Full floors available from 3,970 RSF to 8,371 RSF
- Large contiguous blocks up to 50,000 RSF
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 | $233.0k | $51.48 |
| − Vacancy | −$44.0k | −$9.73 |
| EGI | $189.0k | $41.75 |
| − OpEx | −$47.3k | −$10.44 |
| NOI | $141.8k | $31.31 |
4,527 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.03M
$1.77M – $2.36M
NOI $141,753 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.27M
$9.86M – $13.15M
NOI $788,784 @ 7.0% cap · market cap 19.36%
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 units - Full-floor office condominiums offer bright natural light and contiguous space blocks up to 50,000 RSF.
Where is this office units 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 $4,074,300.
What are key features of this property?
This property features: 16‑story office condominium building totaling 87,072 SF; Full floors available from 3,970 RSF to 8,371 RSF; Large contiguous blocks up to 50,000 RSF
