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

Office suite with a full-length walk-out terrace, 24/7 tenant-controlled A/C, renovated attended lobby, and 4 intelligent elevators.

Property Size2,130 SF
Days on Market27

Property Features for 18 E 48th St

General Information

Standard status Active
Size 2,130 SF
Class A
Elevators Yes
Property subtype OFFICE

Space & Availability

Space Use Office
Sublease No

Additional Details

Public Transit Yes

Amenities

renovated attended marble lobby
daily cleaning
walk-out terrace
24/7 tenant-controlled air conditioning
submetered electric
fiber internet connection
private bathroom(s)

Building Details

Year Built 1928
Stories 22
Listing Agency: Redwood Property Group
Listed By: Eli Someck
Source: Moodyscre
Added: Jul 7 Changed: Jul 29 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.

18 E 48th St offers an office suite featuring a wide, walk-out terrace that runs the full length of the space. The suite is described as a full tower floor with excellent natural light on two sides, and includes private bathroom(s). Tenants have 24/7 tenant-controlled A/C, with landlord warranties and maintenance and submetered electric. Daily cleaning of spaces is provided, and the building is wired for FIOS with fiber internet connection available.

The building is a 22-story Class-A property built in 1928, with a renovated 24/7 attended marble lobby. The property also features four new intelligent high-speed elevator cabs intended for very short wait times, along with owner-occupied and owner-managed operations and attentive ownership and management. Access and transit convenience are highlighted, including being one block from the 47th Street Grand Central Terminal entrance and a Citibike dock steps away.

A build-to-suit opportunity is noted, with ownership able to demolish and build to suit for a credit tenant. Video is also available.

Key Highlights

  • 2,130 SF office suite with a full‑length walk‑out terrace
  • Full tower floor with excellent natural light on two sides
  • 24/7 tenant‑controlled A/C, with landlord warranties and maintenance

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 - Office suite with a full-length walk-out terrace, 24/7 tenant-controlled A/C, renovated attended lobby, and 4 intelligent elevators.
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: 2,130 SF office suite with a full‑length walk‑out terrace; Full tower floor with excellent natural light on two sides; 24/7 tenant‑controlled A/C, with landlord warranties and maintenance
(917) 335-4948 Call to check price and availability
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