Office Condominium in Bryant
For Sale
Contact for pricing
32 W 39th St, New York, NY 10018
16-story office condominium offers flexible full-floor sizes with high ceilings and large, multi-sided windows.
Property Size5,515 SF
Price / SF$825
Days on Market698
Property Features for 32 W 39th St
General Information
Standard status
Active
Size
5,515 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Midtown Manhattan
Building Details
Stories
16
Listing Agency:
Rudder Property Group
(212) 966-3611
Listed By:
Michael Rudder · License #NY 10491201687
(646) 483-2203
Source:
Moodyscre
Added: Dec 2, 2024
Changed: Oct 25
Last Checked: Oct 30 at 3:04PM
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 Rudder Property Group
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Investment Insights
Based on property information with market context.
Bryant Park Office Condominiums at 32 West 39th Street offers office condominium space within a well-maintained, 16-story building. The building features high ceilings and three sides of large windows designed to provide bright natural light. Floor layouts include full floors ranging from 3,970 RSF to 8,371 RSF, along with large contiguous blocks of up to 50,000 RSF. Building improvements include a recently restored façade, a redesigned lobby, and upgraded elevators, with potential for a roof deck on the 5th floor.
The property is located in the Bryant Park submarket adjacent to Amazon’s Fifth Avenue Headquarters, between Fifth and Sixth Avenues. The building sits between Grand Central and Penn station.
This condominium configuration supports a range of office occupancy footprints, with the building designed to accommodate both smaller full-floor options and larger contiguous blocks.
The property is located in the Bryant Park submarket adjacent to Amazon’s Fifth Avenue Headquarters, between Fifth and Sixth Avenues. The building sits between Grand Central and Penn station.
This condominium configuration supports a range of office occupancy footprints, with the building designed to accommodate both smaller full-floor options and larger contiguous blocks.
Key Highlights
- 87,072 SF 16‑story office condominium with full‑floor options from 3,970 RSF to 8,371 RSF
- Large contiguous blocks available, including up to 50,000 RSF
- High ceilings and three sides of large windows for bright natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,690
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,453,800
$3.5M
Cap Rate 7%
$2,467,000
$2.5M
Cap Rate 9%
$1,918,778
$1.9M
Market Conditions
NOI Build-Up for 5,515 SF
Gross rent
$283.9K $51.48/SF
− Vacancy
−$53.7K −$9.73/SF
EGI
$230.3K $41.75/SF
− OpEx
−$57.6K −$10.44/SF
NOI
$172.7K $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%
$3,453,800
Cap Rate 7%
$2,467,000
Cap Rate 9%
$1,918,778
Alternative Uses
Best Use
Office B
$2.47M
$2.16M – $2.88M
NOI $172,690 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.73M
$12.01M – $16.02M
NOI $960,934 @ 7.0% cap · market cap 21.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
91,796
Businesses Nearby
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Business Placement
Demographics for 10018, NY
11,145
Population
5,678
Households
2
Avg Household Size
35
Median Age
75%
College-Educated
92%
High-School Grad
0.3 sq mi
ZIP Area
37,150
Density / Sq Mi
$133,042
Median Household Income
$103,655
Median Earnings
$3,501
Median Rent
$947,100
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - 16-story office condominium offers flexible full-floor sizes with high ceilings and large, multi-sided windows.
Where is this office unit located?
The property is located at 32 W 39th St New York, NY.
What is the asking price?
The asking price for this property is $4,549,875.
What are key features of this property?
This property features: 87,072 SF 16‑story office condominium with full‑floor options from 3,970 RSF to 8,371 RSF; Large contiguous blocks available, including up to 50,000 RSF; High ceilings and three sides of large windows for bright natural light
