Private-Floor Prewar Creative
17 W 17TH Street 2 New York City, NY 10011
New
For Sale
$3,250,000
Private floor prewar loft with key-locked elevator access, 12-foot ceilings, and oversized north- and south-facing windows.
Property Size4,600 SF
Price / SF$706.52
Days on Market4
Property Features for 17 W 17TH Street 2
General Information
Standard status
Active
Size
4,600 SF
Property subtype
Apartment
Building Details
Year Built
1915
Listing Agency:
Corcoran Group
(201) 956-8739
Listed By:
James A Weiss · License #10401295360
(201) 956-8739
Source:
Philipscheinfeld
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 5:25AM
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 Corcoran Group
Investment Insights
Based on property information with market context.
This private-floor prewar loft offers approximately 4,600 square feet across an entire enclosed level. Currently configured as a photography studio, it is delivered with a commercial Certificate of Occupancy, with the option for an as-of-right residential conversion to be independently verified by the purchaser and completed after closing.
Exclusive key-locked elevator access opens directly into the loft, providing privacy. A dedicated passenger elevator and a separate freight elevator support effortless movement of furnishings, artwork, construction materials, equipment, and inventory.
The space is built around soaring 12-foot ceilings and oversized north- and south-facing windows, creating dramatic open proportions and abundant natural light. With a flexible layout, the footprint can accommodate multiple bedroom configurations, plus expansive living and entertaining areas, and multiple bathrooms. The loft sits within a classic Flatiron loft building with a virtual doorman and full-time superintendent. The building permits pets, washer/dryer installations, pied-Ã -terres, and live/work use. The property was built in 1915.
Exclusive key-locked elevator access opens directly into the loft, providing privacy. A dedicated passenger elevator and a separate freight elevator support effortless movement of furnishings, artwork, construction materials, equipment, and inventory.
The space is built around soaring 12-foot ceilings and oversized north- and south-facing windows, creating dramatic open proportions and abundant natural light. With a flexible layout, the footprint can accommodate multiple bedroom configurations, plus expansive living and entertaining areas, and multiple bathrooms. The loft sits within a classic Flatiron loft building with a virtual doorman and full-time superintendent. The building permits pets, washer/dryer installations, pied-Ã -terres, and live/work use. The property was built in 1915.
Key Highlights
- Approximately 4,600 square feet across an entire private floor
- Key‑locked elevator access opens directly into the loft
- 12‑foot ceilings and oversized north- and south‑facing windows
Financial Insights For Mixed Use
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 | $276.0k | $60.00 |
| − Vacancy | −$41.4k | −$9.00 |
| EGI | $234.6k | $51.00 |
| − OpEx | −$88.0k | −$19.13 |
| NOI | $146.6k | $31.88 |
4,600 SF · lease $60.00/SF/yr · vacancy 15.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.09M
$1.83M – $2.44M
NOI $146,625 @ 7.0% cap · market cap 4.51%
Second Best
Office B
$2.06M
$1.80M – $2.40M
NOI $144,038 @ 7.0% cap · market cap 4.43%
Theoretical Best
Specialty Retail
$11.45M
$10.02M – $13.36M
NOI $801,504 @ 7.0% cap · market cap 24.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Creative space - Private floor prewar loft with key-locked elevator access, 12-foot ceilings, and oversized north- and south-facing windows.
Where is this creative space located?
The property is located at 17 W 17TH Street 2 New York City, NY.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Approximately 4,600 square feet across an entire private floor; Key‑locked elevator access opens directly into the loft; 12‑foot ceilings and oversized north- and south‑facing windows
