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Bright Office Unit in Elevator Building

704-7 Chatham Sq, New York, NY 10038

For Sale
$558,000

Professional layout supports medical, legal, accounting, consulting, and other office uses.

Property SizeContact for details
Days on Market174

Property Features for 704-7 Chatham Sq

General Information

Standard status Active
Elevators Yes

Site & Location

Neighborhood Downtown
Public Transit Yes

Taxes and HOA fees

Annual Taxes $9,232
Listing Agency: United Real Estate Fortune
Listed By: Le Quan · License NY #10401318524
Source: Exprealty
Added: May 21 Changed: Oct 26 Last Checked: Nov 8 at 8:30AM

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 United Real Estate Fortune

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Office Unit 704 at 7 Chatham Square provides a functional professional layout with strong natural light in an elevator-equipped building. The space is positioned for medical, legal, accounting, consulting, and other professional office uses, with potential appeal for an owner-user or investor.

The property is in Lower Manhattan’s Chinatown area, near the 6, J, Z, N, Q, R, W, B, and D subway lines. Manhattan Bridge and Brooklyn Bridge access, MTA bus routes, downtown business districts, retail corridors, restaurants, government offices, and courthouses are all identified in the surrounding context.

Key Highlights

  • Office Unit 704 at 7 Chatham Square
  • Elevator building with abundant natural light
  • Functional layout for medical and professional office uses

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Nursing Home Pet Grooming Service Buffet Clothing & Fashion Store Parking Lot & Garage Plumbing Service

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

Location Intelligence

Trade Area within ½ mile

27,692
Businesses Nearby

Demographics for 10038, NY

25,332
Population
12,624
Households
2
Avg Household Size
33
Median Age
62%
College-Educated
83%
High-School Grad
0.3 sq mi
ZIP Area
84,440
Density / Sq Mi
$115,121
Median Household Income
$87,698
Median Earnings
$3,140
Median Rent
$865,700
Median Home Value

Market

Average Price Trend$/SF for Office Units in New York, NY

$857 Jul
$876 Aug
$906 Sep
$811 Oct

Properties on Market for Office Units in New York

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office unit - Professional layout supports medical, legal, accounting, consulting, and other office uses.
Where is this office unit located?
The property is located at 704-7 Chatham Sq New York, NY.
What is the asking price?
The asking price for this property is $558,000.
What are key features of this property?
This property features: Office Unit 704 at 7 Chatham Square; Elevator building with abundant natural light; Functional layout for medical and professional office uses
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