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Full-Floor Office with Walk-Out Terrace
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18 E 48th St, New York, NY 10017

Full tower floor office with a wide, walk-out terrace, renovated attended marble lobby, and 24/7 tenant-controlled air conditioning.

Property Size664 SF
Days on Market27

Property Features for 18 E 48th St

General Information

Standard status Active
Size 664 SF
Class A
Property subtype OFFICE

Amenities

renovated attended marble lobby
4 new intelligent high-speed elevator cabs
daily cleaning of spaces
wide walk-out terrace
24/7 tenant-controlled air conditioning
submetered electric
fiber internet connection
private bathroom(s)
one block from Grand Central Terminal
citibike dock steps away

Building Details

Year Built 1928
Stories 22
Listing Agency: Redwood Property Group
Listed By: Eli Someck
Source: Moodyscre
Added: Jul 7 Changed: Jul 25 Last Checked: Aug 2 at 2:52PM

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 Redwood Property Group

Investment Insights

Based on property information with market context.

Located at a 22-story Class-A office building built in 1928, this co-exclusive offering provides a full tower floor with excellent natural light on two sides and a wide, walk-out terrace running the full length of the space. The building features a renovated 24/7 attended marble lobby and newly installed intelligent, high-speed elevator cabs with very short wait times.

Amenities and services include attentive ownership and management on-site, daily cleaning of spaces, and cleaning included for tenants. HVAC is 100% hassle-free and tenant-controlled 24/7. Utilities include submetered electric, and the space is serviced with fiber internet connection; the building is wired for FIOS.

The office configuration is also described with private bathroom(s). Access to transportation is supported by proximity to the Grand Central Terminal entrance and a Citibike dock steps away.

Key Highlights

  • 22‑story Class‑A building built in 1928 with a renovated 24/7 attended marble lobby
  • Full tower floor office with excellent natural light on two sides and a wide, walk‑out terrace running full length
  • 4 new intelligent high‑speed elevator cabs with very short wait times

Property Analytics

Current Use

Gennady Perepada Real Estate Agency Dr. David S. ... Dental Office Cosmetic & Implant Dental ... Dental Office Dr.Magner DDS. Dental Office Green Kaminer Min ... Law Firm

Suggested Use

Top Pick Pet Grooming Service Auto Parts Store Nursing Home Butcher Adult Day Care Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

87,472
Businesses Nearby

Demographics for 10017, NY

17,401
Population
12,866
Households
1.4
Avg Household Size
38
Median Age
85%
College-Educated
97%
High-School Grad
0.3 sq mi
ZIP Area
58,003
Density / Sq Mi
$132,518
Median Household Income
$94,214
Median Earnings
$2,980
Median Rent
$808,200
Median Home Value

Market

Lease Benchmarks for New York, NY

$52.42 /SF/Yr
Avg Asking Price
$4.17–$240 /SF/Yr
Price Range
5,627 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Full tower floor office with a wide, walk-out terrace, renovated attended marble lobby, and 24/7 tenant-controlled air conditioning.
Where is this office units located?
The property is located at 18 E 48th St New York, NY.
What are key features of this property?
This property features: 22‑story Class‑A building built in 1928 with a renovated 24/7 attended marble lobby; Full tower floor office with excellent natural light on two sides and a wide, walk‑out terrace running full length; 4 new intelligent high‑speed elevator cabs with very short wait times
(917) 335-4948 Call to check price and availability
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