Bryant Park Office
For Sale
Contact for pricing
32 W 39th St, New York, NY 10018
Condominium office space in a well-maintained building with high ceilings and expansive three-sided windows.
Property Size87,072 SF
Price / SF$800
Days on Market698
Property Features for 32 W 39th St
General Information
Standard status
Active
Size
87,072 SF
Elevators
Yes
Property subtype
OFFICE
Site & Location
Neighborhood
Midtown Manhattan
Public Transit
Yes
Building Details
Buildings
1
Stories
16
Building Size
87,072 SF
Listing Agency:
Rudder Property Group
(212) 966-3611
Listed By:
Michael Rudder · License #NY 10491201687
(646) 483-2203
Source:
Moodyscre
Added: Dec 2, 2024
Changed: Oct 25
Last Checked: Oct 30 at 4:54PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Bryant Park office condominiums at 32 West 39th Street are located in a distinctive office building in the Bryant Park submarket. The 16-story building includes full floors ranging from 3,970 RSF to 8,371 RSF, with large contiguous blocks of up to 50,000 RSF. Interiors feature high ceilings and three sides of large windows designed to bring in bright natural light.
Building improvements include a recently restored façade, a redesigned lobby, and elevator upgrades. The property also includes a unique feature with potential for a roof deck on the 5th floor.
Situated adjacent to Amazon’s Fifth Avenue Headquarters between Fifth and Sixth Avenues, the building is positioned in close proximity to Grand Central and Penn station, supporting convenient access for employees and visitors.
Building improvements include a recently restored façade, a redesigned lobby, and elevator upgrades. The property also includes a unique feature with potential for a roof deck on the 5th floor.
Situated adjacent to Amazon’s Fifth Avenue Headquarters between Fifth and Sixth Avenues, the building is positioned in close proximity to Grand Central and Penn station, supporting convenient access for employees and visitors.
Key Highlights
- 87,072‑square‑foot office building with full floors from 3,970 RSF to 8,371 RSF
- Large contiguous blocks of up to 50,000 RSF
- High ceilings with three sides of large windows for bright natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$261,743
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,234,860
$5.2M
Cap Rate 7%
$3,739,186
$3.7M
Cap Rate 9%
$2,908,256
$2.9M
Market Conditions
NOI Build-Up for 8,359 SF
Gross rent
$430.3K $51.48/SF
− Vacancy
−$81.3K −$9.73/SF
EGI
$349.0K $41.75/SF
− OpEx
−$87.2K −$10.44/SF
NOI
$261.7K $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%
$5,234,860
Cap Rate 7%
$3,739,186
Cap Rate 9%
$2,908,256
Alternative Uses
Best Use
Office B
$3.74M
$3.27M – $4.36M
NOI $261,743 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$20.81M
$18.21M – $24.27M
NOI $1,456,472 @ 7.0% cap · market cap 21.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
91,796
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Condominium office space in a well-maintained building with high ceilings and expansive three-sided windows.
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 $6,687,200.
What are key features of this property?
This property features: 87,072‑square‑foot office building with full floors from 3,970 RSF to 8,371 RSF; Large contiguous blocks of up to 50,000 RSF; High ceilings with three sides of large windows for bright natural light
