New Office Condominium
7 Dey St New York, NY 10007
For Sale
Contact for pricing
New 2022 construction with virtually column-free floors, side-core layout, and on-site owner-controlled HVAC for multiple levels.
Property Size9,416 SF
Price / SF$495
Days on Market600
Property Features for 7 Dey St
General Information
- Standard status
- Active
- Size
- 9,416 SF
- Property subtype
- OFFICE
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 25
Last Checked: Jul 25 at 9:25AM
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.
Built in 2022 and designed by FXCollaborative, this office condominium features a side core construction with virtually column-free floorplates. The building includes two passenger elevators served by a dedicated office entrance, plus fire/life safety systems with full sprinklers and a fire alarm system. Telecom and cable infrastructure is provided through voice/data horizontal cable pathways on each floor, with pathways back to the main equipment room. Three base floors are delivered as white-boxed space. Electrical service includes one 4,000 AMP, 208/120-volt electrical service with switchboards.
Ceiling heights include 13’ on the third and fourth floors and 18’ on the fifth floor. Third/fourth floors are supplied by a 17.5-ton owner-controlled HVAC unit, while the fifth floor is supplied by a 25-ton owner-controlled HVAC unit. The property notes a 100 LBS/SF floor load and provides an access control system for the lobby along with CCTV for entrances and common areas. The office lobby is described as dedicated, semi-private, attended, and served by a two-elevator core through the Dey Street entrance.
The offering also highlights potential to assemble a contiguous block of up to 28,000+ RSF, subject to availability and configuration.
Ceiling heights include 13’ on the third and fourth floors and 18’ on the fifth floor. Third/fourth floors are supplied by a 17.5-ton owner-controlled HVAC unit, while the fifth floor is supplied by a 25-ton owner-controlled HVAC unit. The property notes a 100 LBS/SF floor load and provides an access control system for the lobby along with CCTV for entrances and common areas. The office lobby is described as dedicated, semi-private, attended, and served by a two-elevator core through the Dey Street entrance.
The offering also highlights potential to assemble a contiguous block of up to 28,000+ RSF, subject to availability and configuration.
Key Highlights
- New construction completed in 2022, designed by FXCollaborative, with side‑core layout
- Virtually column‑free floors with 100 LBS/SF floor load and low‑profile interior layout
- Two passenger elevators served by a dedicated office entrance on Dey Street with a semi‑private, attended lobby
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 | $484.7k | $51.48 |
| − Vacancy | −$91.6k | −$9.73 |
| EGI | $393.1k | $41.75 |
| − OpEx | −$98.3k | −$10.44 |
| NOI | $294.8k | $31.31 |
9,416 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.21M
$3.69M – $4.91M
NOI $294,840 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$23.44M
$20.51M – $27.34M
NOI $1,640,644 @ 7.0% cap · market cap 35.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Debrah Pearl Lcsw
Physician
indigo luxe
Clothing & Fashion Store
Progressive Brokerage Corporation
Insurance Agency
7 Dey Apartments
Apartment Building
Vitec Solutions LLC
Computer & Electronic Repair
FAQs
What type of property is this?
Office units - New 2022 construction with virtually column-free floors, side-core layout, and on-site owner-controlled HVAC for multiple levels.
Where is this office units located?
The property is located at 7 Dey St New York, NY.
What is the asking price?
The asking price for this property is $4,660,920.
What are key features of this property?
This property features: New construction completed in 2022, designed by FXCollaborative, with side‑core layout; Virtually column‑free floors with 100 LBS/SF floor load and low‑profile interior layout; Two passenger elevators served by a dedicated office entrance on Dey Street with a semi‑private, attended lobby
