Office Condominium Building with Large Contiguous
For Sale
Contact for pricing
32 W 39th St, New York, NY 10018
Full-floor office condominiums offer bright natural light and contiguous space blocks up to 50,000 RSF.
Property Size87,072 SF
Price / SF$900
Days on Market698
Property Features for 32 W 39th St
General Information
Standard status
Active
Size
87,072 SF
Elevators
Yes
Property subtype
OFFICE
Site & Location
Neighborhood
Midtown Manhattan
Public Transit
Yes
Amenities
high ceilings
large windows
potential roof deck on the 5th floor
restored facade
redesigned lobby
Building Details
Buildings
1
Stories
16
Building Size
87,072 SF
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 6:10PM
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 W 39th St is a 16-story office condominium building offering full floors sized from 3,970 RSF to 8,371 RSF. Floorplates can also be configured into large contiguous blocks of up to 50,000 RSF, supporting a range of tenant space needs.
The building features high ceilings and three sides of large windows designed to bring in bright natural light. Unique building features include potential roof deck space on the 5th floor. The property is well maintained, with a recently restored façade, a redesigned lobby, and elevator upgrades.
Positioned in the Bryant Park submarket, the building is adjacent to Amazon’s Fifth Avenue Headquarters, between Fifth and Sixth Avenues, and situated between Grand Central and Penn Station.
The building features high ceilings and three sides of large windows designed to bring in bright natural light. Unique building features include potential roof deck space on the 5th floor. The property is well maintained, with a recently restored façade, a redesigned lobby, and elevator upgrades.
Positioned in the Bryant Park submarket, the building is adjacent to Amazon’s Fifth Avenue Headquarters, between Fifth and Sixth Avenues, and situated between Grand Central and Penn Station.
Key Highlights
- 16‑story office condominium building totaling 87,072 SF
- Full floors available from 3,970 RSF to 8,371 RSF
- Large contiguous blocks up to 50,000 RSF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,753
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,835,060
$2.8M
Cap Rate 7%
$2,025,043
$2.0M
Cap Rate 9%
$1,575,033
$1.6M
Market Conditions
NOI Build-Up for 4,527 SF
Gross rent
$233.0K $51.48/SF
− Vacancy
−$44.0K −$9.73/SF
EGI
$189.0K $41.75/SF
− OpEx
−$47.3K −$10.44/SF
NOI
$141.8K $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%
$2,835,060
Cap Rate 7%
$2,025,043
Cap Rate 9%
$1,575,033
Alternative Uses
Best Use
Office B
$2.03M
$1.77M – $2.36M
NOI $141,753 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.27M
$9.86M – $13.15M
NOI $788,784 @ 7.0% cap · market cap 19.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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 - Full-floor office condominiums offer bright natural light and contiguous space blocks up to 50,000 RSF.
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 $4,074,300.
What are key features of this property?
This property features: 16‑story office condominium building totaling 87,072 SF; Full floors available from 3,970 RSF to 8,371 RSF; Large contiguous blocks up to 50,000 RSF
