Duplex Professional Office
235 East 49th Street New York, NY 10017
235 East 49th Street, New York, NY, 10017
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For Sale
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Duplex professional co-op unit offers an efficient, flexible layout for Midtown office use.
Property Size1,500 SF
Price / SF$510
Days on Market56
Property Features for 235 East 49th Street
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Office
Listing agency
Keller Williams NYC
(845) 928-8000
Listed by
Edward Kalisvaart · License #NY #10301210475
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:49PM Checked: Jul 22 at 12:57PM
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
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
Local Financial Insights For Office B
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 | $77.2k | $51.48 |
| − Vacancy | −$14.6k | −$9.73 |
| EGI | $62.6k | $41.75 |
| − OpEx | −$15.7k | −$10.44 |
| NOI | $47.0k | $31.31 |
1,500 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$671.0K
$587.1K – $782.8K
NOI $46,969 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.73M
$3.27M – $4.36M
NOI $261,360 @ 7.0% cap · market cap 34.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pain Relief Center ...
Alternative Medicine Practice
Dr. Barbara Shamberg
Physician
Tim Morehouse Fencing ...
Gym & Fitness Center
Tretter Theresa MD
Physician
Informer Messages On Hold
Marketing & Advertising
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FAQs
What type of property is this?
Office units - Duplex professional co-op unit offers an efficient, flexible layout for Midtown office use.
Where is this office units 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 $765,000.
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
