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Fully Renovated Office Units
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525 W 23rd St, New York, NY 10011

Office units with natural light front and back, exposed brick, new HVAC, and newly renovated bathrooms available separately or together.

Property Size2,300 SF
Days on Market606

Property Features for 525 W 23rd St

General Information

Standard status Active
Size 2,300 SF
Property subtype OFFICE

Additional Details

Divisible Yes

Amenities

outdoor space
natural light
exposed brick

Building Details

Construction cast-iron
Listing Agency: Alvarez & Marsal Property Solutions
Listed By: Lucas Kooyman
Source: Moodyscre
Added: Dec 4, 2024 Changed: Jul 30 Last Checked: Aug 1 at 1:39PM

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 Alvarez & Marsal Property Solutions

Investment Insights

Based on property information with market context.

Fully renovated cast-iron office units in the heart of Chelsea. Spaces feature natural light at the front and back of the building, exposed brick character, new HVAC, and newly renovated bathrooms.

Layouts support flexibility: individual spaces can be leased separately or combined for larger requirements. The second floor includes outdoor space.

The property is 2,300 SF and is located at 525 W 23rd St, New York, NY 10011.

Key Highlights

  • Fully renovated cast‑iron building in Chelsea
  • Natural light at front and back of the building
  • Exposed brick and newly renovated bathrooms

Property Analytics

Current Use

Altruventions Business Management Consultant

Suggested Use

Top Pick Pet Grooming Service Nursing Home Adult Day Care Buffet (Bike/Boat/Book/etc) Store Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

12,444
Businesses Nearby

Demographics for 10011, NY

53,318
Population
35,049
Households
1.5
Avg Household Size
39
Median Age
79%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
88,863
Density / Sq Mi
$146,571
Median Household Income
$113,503
Median Earnings
$2,868
Median Rent
$1,165,800
Median Home Value

Market

Lease Benchmarks for New York, NY

$52.42 /SF/Yr
Avg Asking Price
$4.17–$240 /SF/Yr
Price Range
5,627 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Office units with natural light front and back, exposed brick, new HVAC, and newly renovated bathrooms available separately or together.
Where is this office units located?
The property is located at 525 W 23rd St New York, NY.
What are key features of this property?
This property features: Fully renovated cast‑iron building in Chelsea; Natural light at front and back of the building; Exposed brick and newly renovated bathrooms
(212) 328-8740 Call to check price and availability
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