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    Office Unit For Sale Title is generated by Realmo AI

    251 E 51st St, New York, NY 10022

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    900 SqFt office unit available for purchase.

    Type:Office
    Property size:
    900 SF
    Price / SF:
    $416/SF
    Added:
    Mar 13, 2026
    Days on Market:
    108
    Last Refresh:
    Mar 19 at 11:19 pm

    Property Features for 251 E 51st St

    General Information

    Standard status
    Active
    Size
    900 SF
    Property subtype
    Office

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    Richard Naughtin

    Listing office New York Medical Space

    Listing date Mar 13, 2026

    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 New York Medical Space

    HighLights

    • Office space available
    • 900 sqft

    Overview

    This is a 900 square foot office unit available for sale.

    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 $46.3k $51.48
    − Vacancy −$8.8k −$9.73
    EGI $37.6k $41.75
    − OpEx −$9.4k −$10.44
    NOI $28.2k $31.31
    900 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $402.6K
    $352.3K – $469.7K (±1% cap)
    NOI $28,181 @ 7.0% cap · market cap 7.51%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $2.24M
    $1.96M – $2.61M (±1% cap)
    NOI $156,816 @ 7.0% cap · market cap 41.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Updog Playgroup High School Contractors With Vision General Contractor Andrew M. Lutzker, ... Dental Office The Soccer Republic at McHale's Bar & Pub Poochie Bag By ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    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
    -73.9682192
    Latitude
    40.755679

    FAQs

    What type of property is this?
    Office units - 900 SqFt office unit available for purchase.
    Where is this office units located?
    The property is located at 251 E 51st St New York, NY.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Office space available; 900 sqft
    More about this property
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