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 Market605
Property Features for 32 W 39th St
General Information
Standard status
Active
Size
5,515 SF
Property subtype
OFFICE
Building Details
Stories
16
Listing Agency:
Rudder Property Group
(646) 483-2203
Listed By:
Michael Rudder · License #10491201687
(646) 483-2203
Source:
Moodyscre
Added: Dec 2, 2024
Changed: Jul 26
Last Checked: Jul 29 at 4:09PM
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
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 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 | $283.9k | $51.48 |
| − Vacancy | −$53.7k | −$9.73 |
| EGI | $230.3k | $41.75 |
| − OpEx | −$57.6k | −$10.44 |
| NOI | $172.7k | $31.31 |
5,515 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
100,617
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - 16-story office condominium offers flexible full-floor sizes with high ceilings and large, multi-sided windows.
Where is this office units 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
