131 W 35th St, New York, NY
Efficient layout with high ceilings and natural light.
- Added:
- Dec 3, 2024
- Days on Market:
- 562
- Last Refresh:
- May 20 at 9:17 pm
Property Features for 131 W 35th St
General Information
- Standard status
- Active
- Size
- 7,725 SF
- Lot size
- 0.17 Acres
- Property subtype
- OFFICE
Listing agent Michael Rudder (646) 483-2203
Listing office Rudder Property Group (646) 483-2203
Listing date Dec 3, 2024
Source Moodyscre
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
HighLights
- Steps from Penn Station, Herald Square, 14 subway lines, and the PATH Train.
- Full floor presence with efficient layout, wide column spacing and 12’5” ceilings.
- Large operable windows providing natural light and air.
- Recently renovated lobby and elevator upgrades.
- Low maintenance charges.
- Separate freight entrance with a large freight elevator.
Overview
Local 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 | $397.7k | $51.48 |
| − Vacancy | −$75.2k | −$9.73 |
| EGI | $322.5k | $41.75 |
| − OpEx | −$80.6k | −$10.44 |
| NOI | $241.9k | $31.31 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9447
- Latitude
- 40.6521
