Multi-Story Office
For Sale
Contact for pricing
162 W 56th St, New York, NY 10019
Entire 2nd through 5th floors offer 27,450 RSF with dedicated commercial lobby and private bathrooms in each unit.
Property Size27,450 SF
Price / SF$364.30
Days on Market588
Property Features for 162 W 56th St
General Information
Standard status
Active
Size
27,450 SF
Property subtype
OFFICE
Additional Details
Business Included
No
Office Units
28
Amenities
private bathroom
dedicated commercial lobby
modernized elevator
dedicated attended lobby
24/7 doorman
Building Details
Stories
18
Tenancy
Multi
Listing Agency:
Loria Real Estate
(917) 386-3245
Listed By:
Caravaggio Loria · License #10351211218
Source:
Moodyscre
Added: Dec 19, 2024
Changed: Jul 28
Last Checked: Jul 30 at 2:35PM
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 Loria Real Estate
Investment Insights
Based on property information with market context.
Carnegie Plaza Condominium presents an entire multi-floor commercial office suite comprising floors 2 through 5. The space totals 27,450 rentable square feet and includes a dedicated commercial lobby. Across the four floors, there are seven office units per floor, with various floor plans and unit sizes. Each office unit includes a private bathroom.
The building is an 18-story corner property at 7th Avenue and 56th Street, positioned directly across from Carnegie Hall. The commercial space is described as being approximately one block from both the NRQW and F train, and is within minutes of landmarks including Times Square, Central Park, and Columbus Circle.
Building amenities supporting exclusive office access include a modernized elevator servicing the offices. The commercial office lobby is connected to the residential lobby, which has a 24/7 doorman, and the property also features an own dedicated attended lobby. The unit is being delivered with tenants in place.
The building is an 18-story corner property at 7th Avenue and 56th Street, positioned directly across from Carnegie Hall. The commercial space is described as being approximately one block from both the NRQW and F train, and is within minutes of landmarks including Times Square, Central Park, and Columbus Circle.
Building amenities supporting exclusive office access include a modernized elevator servicing the offices. The commercial office lobby is connected to the residential lobby, which has a 24/7 doorman, and the property also features an own dedicated attended lobby. The unit is being delivered with tenants in place.
Key Highlights
- Entire 2nd–5th floors for a commercial unit with 27,450 RSF plus a dedicated commercial lobby
- 18‑story corner building at 7th Avenue and 56th Street with a modernized elevator servicing the offices exclusively
- Four office floors with 7 office units per floor (28 total) and private bathrooms in every unit
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 | $1.41M | $51.48 |
| − Vacancy | −$267.1k | −$9.73 |
| EGI | $1.15M | $41.75 |
| − OpEx | −$286.5k | −$10.44 |
| NOI | $859.5k | $31.31 |
27,450 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$12.28M
$10.74M – $14.33M
NOI $859,534 @ 7.0% cap · market cap 8.60%
Second Best
Healthcare Medical
$11.69M
$10.23M – $13.64M
NOI $818,230 @ 7.0% cap · market cap 8.18%
Theoretical Best
Specialty Retail
$68.33M
$59.79M – $79.71M
NOI $4,782,888 @ 7.0% cap · market cap 47.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
28
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
49,382
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Entire 2nd through 5th floors offer 27,450 RSF with dedicated commercial lobby and private bathrooms in each unit.
Where is this office units located?
The property is located at 162 W 56th St New York, NY.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Entire 2nd–5th floors for a commercial unit with 27,450 RSF plus a dedicated commercial lobby; 18‑story corner building at 7th Avenue and 56th Street with a modernized elevator servicing the offices exclusively; Four office floors with 7 office units per floor (28 total) and private bathrooms in every unit
