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    200 W 57th St New York, NY 10019

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    For Lease
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    Premier office space in the heart of New York City.

    Type:Office, Industrial
    Property size:
    12,774 SF
    Added:
    Mar 15, 2022
    Days on Market:
    1495
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 200 W 57th St

    General Information

    Standard status
    Active
    Size
    12,774 SF
    Property subtype
    Office, Industrial

    Building Details

    Year Built
    1916

    Spaces For Lease

    at 200 W 57th St Contact us

    13th Fl, Ste 1308 $65 /Mo

    Size
    2,217 SF
    Type
    Office, Industrial
    Contact us

    13th Fl, Ste 1310 $68 /Mo

    Size
    1,298 SF
    Type
    Office, Industrial
    Contact us

    5th Fl, Ste 502 $60 /Mo

    Size
    2,245 SF
    Type
    Office, Industrial
    Contact us

    5th Fl, Ste 508 $66 /Mo

    Size
    3,555 SF
    Type
    Office, Industrial
    Contact us

    14th Fl, Ste 1403 $68 /Mo

    Size
    2,262 SF
    Type
    Office, Industrial
    https://feil.com/properties/rodin-studios-i-200-west-57th-street/
    Contact us

    6th Fl, Ste 607 $66 /Mo

    Size
    2,039 SF
    Type
    Office, Industrial
    Contact us

    9th Fl, Ste 909 $66 /Mo

    Size
    770 SF
    Type
    Office, Industrial
    Contact us
    Show more

    We can help!

    Listing Contact
    Kevin Driscoll

    Listing agent Kevin Driscoll License #NY

    Listing office The Feil Organization

    Listing date Mar 15, 2022

    Source Crexi

    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 The Feil Organization

    Overview

    Prestigious Landmark Boutique Office Space

    Located at the southwest corner of Seventh Avenue in New York City's trophy business district, 200 West 57th Street is a 16-story Landmark office building. Situated across from Carnegie Hall and near Central Park, this Gothic-style building, also known as Rodin Studios, was designed by architect Cass Gilbert and opened in 1917. It features a shimmering cascade façade of French Gothic ornamentation, originally detailed windows, a restored lobby with a barrel vault ceiling, 24/7 access, and direct subway access. Custom, high-end, pre-built office spaces are available, ranging from 1,300 rentable square feet to a newly constructed Penthouse with 12,774 rentable square feet, including a private, usable outdoor terrace, wrap-around windows, and city and park views. The professional offices offer above-standard installations, private restrooms and pantry, and tenant-controlled HVAC. This Manhattan building is located in a high-end corporate, residential, entertainment, and retail area, surrounded by cultural landmarks, 5-star hotels, upscale shopping, and premier restaurants.
    Location Intelligence

    Current Use by Public Records

    Claudia Diez, PhD, ... Marriage Or Relationship Counselor Psychotherapy Manhattan NY ... Psychotherapist Christian Chung, DDS Dental Office Appolon Dental Group Dental Office Claudia Diez PhD, ... Physician

    Suggested Use

    Law Firm Restaurant Dental Office Nail Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop Big Box & Wholesale Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9804611
    Latitude
    40.7655385

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    FAQs

    What type of property is this?
    Office building - Premier office space in the heart of New York City.
    Where is this office building located?
    The property is located at 200 W 57th St New York, NY.
    What is the lease rate?
    The lease rate is $60 SF/Yr.
    What are key features of this property?
    This property features: Prime Midtown location directly across from Carnegie Hall and steps from Central Park; Newly constructed Penthouse with **private outdoor terrace, wrap‑around windows, and city/park views**; Prestigious Landmark office building with boutique‑type office space
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kevin Driscoll
    Real Estate License ID: NY
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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