Duplex Professional Office
For Sale
Contact for pricing
235 East 49th Street, New York, NY 10017
Duplex professional co-op unit offers an efficient, flexible layout for Midtown office use.
Property Size1,500 SF
Price / SF$456.67
Days on Market157
Property Features for 235 East 49th Street
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Office
Site & Location
Neighborhood
Midtown Manhattan
Listing Agency:
Keller Williams NYC
Listed By:
Edward Kalisvaart · License #NY #10301210475
(646) 321-4311
Source:
Crexi
Added: May 28
Changed: Oct 26
Last Checked: Oct 30 at 2:00PM
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 Keller Williams NYC
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Investment Insights
Based on property information with market context.
235 East 49th Street is a co-op building offering a duplex professional office unit. The unit is configured as a two-level space designed for professional office occupancy.
The property is located at 235 East 49th Street in Midtown Manhattan, between 2nd and 3rd Avenue. This central setting places the office within an established business district.
For buyers looking for a professional office that can be organized across two levels, this duplex co-op unit provides a practical option within a Midtown building. Ownership through a co-op arrangement should be reviewed in conjunction with the building’s governing rules and the unit’s specific co-op requirements.
The property is located at 235 East 49th Street in Midtown Manhattan, between 2nd and 3rd Avenue. This central setting places the office within an established business district.
For buyers looking for a professional office that can be organized across two levels, this duplex co-op unit provides a practical option within a Midtown building. Ownership through a co-op arrangement should be reviewed in conjunction with the building’s governing rules and the unit’s specific co-op requirements.
Key Highlights
- Duplex professional co‑op unit at 235 East 49th Street, between 2nd and 3rd Avenue
- Efficient, flexible layout for Midtown office use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,969
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$939,380
$939.4K
Cap Rate 7%
$670,986
$671.0K
Cap Rate 9%
$521,878
$521.9K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$77.2K $51.48/SF
− Vacancy
−$14.6K −$9.73/SF
EGI
$62.6K $41.75/SF
− OpEx
−$15.7K −$10.44/SF
NOI
$47.0K $31.31/SF
Area
New York, NY
Vacancy
18.90%
Lease Rate
$51.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$939,380
Cap Rate 7%
$670,986
Cap Rate 9%
$521,878
Alternative Uses
Best Use
Office B
$671.0K
$587.1K – $782.8K
NOI $46,969 @ 7.0% cap · market cap 6.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.73M
$3.27M – $4.36M
NOI $261,360 @ 7.0% cap · market cap 38.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Location Intelligence
Trade Area within ½ mile
64,721
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Duplex professional co-op unit offers an efficient, flexible layout for Midtown office use.
Where is this office unit located?
The property is located at 235 East 49th Street New York, NY.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Duplex professional co‑op unit at 235 East 49th Street, between 2nd and 3rd Avenue; Efficient, flexible layout for Midtown office use
