Professional Office
New
For Sale
$845,000
353 Central Park W 1A, New York City, NY 10025
Two-office layout includes a waiting room, storage, and half bath.
Property Size750 SF
Price / SF$1,126
Days on Market6
Property Features for 353 Central Park W 1A
General Information
Standard status
Active
Size
750 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$20,043
Building Details
Building Size
750 SF
Year Built
1992
Listing Agency:
Compass
(917) 804-7367
Listed By:
Caryl A Berenato
(917) 804-7367
Source:
Bondnyre
Added: Jul 31
Changed: Aug 5
Last Checked: Aug 5 at 4:43AM
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 Compass
Investment Insights
Based on property information with market context.
This 750-square-foot professional office condominium offers a practical layout with two offices, a waiting room, ample storage, and a half bath. A private maisonette entrance provides dedicated access, while high ceilings and oversized windows bring abundant natural light into the space. The configuration is also suited to office or wellness use.
Positioned on Central Park West near West 96th Street, the property benefits from access to multiple subway lines and the SBSM96 bus service, connecting east-west across the area. Built in 1992, the unit combines defined office areas with reception, storage, and staff-support space in a prominent Manhattan setting.
Positioned on Central Park West near West 96th Street, the property benefits from access to multiple subway lines and the SBSM96 bus service, connecting east-west across the area. Built in 1992, the unit combines defined office areas with reception, storage, and staff-support space in a prominent Manhattan setting.
Key Highlights
- 750‑square‑foot office condominium
- Two offices plus waiting room, ample storage, and half bath
- Private maisonette entrance
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 | $45.0k | $60.00 |
| − Vacancy | −$7.7k | −$10.20 |
| EGI | $37.4k | $49.80 |
| − OpEx | −$9.3k | −$12.45 |
| NOI | $28.0k | $37.35 |
750 SF · lease $60.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$400.2K
$350.2K – $466.9K
NOI $28,013 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.96M
$2.59M – $3.46M
NOI $207,360 @ 7.0% cap · market cap 24.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
12,168
Businesses Nearby
Explore this area
Business Placement
Demographics for 10025, NY
95,424
Population
47,649
Households
2
Avg Household Size
41
Median Age
69%
College-Educated
92%
High-School Grad
0.9 sq mi
ZIP Area
106,027
Density / Sq Mi
$109,195
Median Household Income
$64,827
Median Earnings
$2,009
Median Rent
$1,125,200
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 - Two-office layout includes a waiting room, storage, and half bath.
Where is this office units located?
The property is located at 353 Central Park W 1A New York City, NY.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: 750‑square‑foot office condominium; Two offices plus waiting room, ample storage, and half bath; Private maisonette entrance
