Full-Floor Showroom
For Sale
$7,800,000
30 Central Park S Unit 15, New York, NY 10019
Flexible commercial penthouse with expansive rooms, high ceilings, kitchen, bathrooms, and a private outdoor terrace.
Property Size3,116 SF
Price / SF$2,503
Days on Market31
Property Features for 30 Central Park S Unit 15
General Information
Standard status
Active
Size
3,116 SF
Property subtype
Commercial
Additional Details
Floor
Penthouse
Amenities
24 hour access
concierge service
private terrace
Building Details
Year Built
1921
Stories
14
Units
55
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Michelle L Zitwer (michelle.zitwer@elliman.com)
Source:
Edifyny
Added: Aug 1
Changed: Aug 29
Last Checked: Aug 30 at 5:28PM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This full-floor commercial penthouse occupies approximately 3,116 interior square feet and includes a 400-square-foot private terrace. The space features expansive rooms, soaring ceilings, an existing kitchen, and finished bathrooms. It is currently used as a luxury fashion showroom and was formerly occupied by a restaurant. The open configuration supports showroom, gallery, office, medical, wellness, and boutique retail concepts identified for the property.
The penthouse is at 30 Central Park S Unit 15, New York, NY 10019, along Central Park South between 5th and 6th Avenues. It offers panoramic Central Park views and sits between The Plaza and Park Lane Hotels, with Fifth Avenue, Lincoln Center, The Met, and The Frick nearby. As the sole occupant of the floor, the space includes 24-hour access and concierge service. The building was completed in 1921.
The penthouse is at 30 Central Park S Unit 15, New York, NY 10019, along Central Park South between 5th and 6th Avenues. It offers panoramic Central Park views and sits between The Plaza and Park Lane Hotels, with Fifth Avenue, Lincoln Center, The Met, and The Frick nearby. As the sole occupant of the floor, the space includes 24-hour access and concierge service. The building was completed in 1921.
Key Highlights
- Approximately 3,116 interior square feet plus a 400‑square‑foot private terrace
- Full‑floor commercial penthouse with panoramic Central Park views
- Current luxury fashion showroom; formerly occupied by a restaurant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$438,498
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,769,960
$8.8M
Cap Rate 7%
$6,264,257
$6.3M
Cap Rate 9%
$4,872,200
$4.9M
Market Conditions
NOI Build-Up for 3,116 SF
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.
Gross rent
$734.4K $235.68/SF
− Vacancy
−$108.0K −$34.64/SF
EGI
$626.4K $201.04/SF
− OpEx
−$187.9K −$60.31/SF
NOI
$438.5K $140.72/SF
Area
New York, NY
Vacancy
14.70%
Lease Rate
$235.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,769,960
Cap Rate 7%
$6,264,257
Cap Rate 9%
$4,872,200
Alternative Uses
Best Use
Retail
$6.26M
$5.48M – $7.31M
NOI $438,498 @ 7.0% cap · market cap 5.62%
Second Best
Office B
$1.39M
$1.22M – $1.63M
NOI $97,570 @ 7.0% cap · market cap 1.25%
Theoretical Best
Specialty Retail
$7.76M
$6.79M – $9.05M
NOI $542,932 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
51,761
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 10019, NY
49,029
Population
33,279
Households
1.5
Avg Household Size
38
Median Age
78%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
70,041
Density / Sq Mi
$121,835
Median Household Income
$108,231
Median Earnings
$2,619
Median Rent
$1,066,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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- Anemos Inc. — 557 7th Ave, New York, NY 10102
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Frequently Asked Questions
What type of property is this?
Showroom - Flexible commercial penthouse with expansive rooms, high ceilings, kitchen, bathrooms, and a private outdoor terrace.
Where is this showroom located?
The property is located at 30 Central Park S Unit 15 New York, NY.
What is the asking price?
The asking price for this property is $7,800,000.
What are key features of this property?
This property features: Approximately 3,116 interior square feet plus a 400‑square‑foot private terrace; Full‑floor commercial penthouse with panoramic Central Park views; Current luxury fashion showroom; formerly occupied by a restaurant
