Office Unit with Private
For Sale
Contact for pricing
8015 188th Street #301, New York, NY 11423
The workspace combines enclosed offices, semi-private suites, and an open cubicle area.
Property Size11,297 SF
Price / SF$0.89
Days on Market32
Property Features for 8015 188th Street #301
General Information
Standard status
Active
Size
11,297 SF
Property subtype
Office
Site & Location
Neighborhood
Southwest Bronx
Additional Details
Property Use
Office
Amenities
high-speed internet
state-of-the-art security systems
advanced heating & cooling
flexible layouts
Building Details
Year Built
2022
Listing Agency:
Exit Realty First Choice
(718) 380-2500
Listed By:
Solomon Davydov · License #10311210328
(917) 733-2034
Source:
Neilcharlesrealestate
Added: Sep 30
Changed: Oct 30
Last Checked: Oct 30 at 2:05AM
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 Exit Realty First Choice
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,200-square-foot office unit at 8015 188th Street, Suite 301, includes five private offices, two semi-private suites, and 15 cubicles on the main floor. A lobby with seating serves as the entry area. The space also has high-speed internet, security systems, and heating and cooling equipment.
The property is at the corner of 188th Street and Union Turnpike in New York. The building was constructed in 2022.
The property is at the corner of 188th Street and Union Turnpike in New York. The building was constructed in 2022.
Key Highlights
- 2,200 square feet of office space
- Five private offices and two semi‑private suites
- 15 cubicles on the main floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$353,740
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,074,800
$7.1M
Cap Rate 7%
$5,053,429
$5.1M
Cap Rate 9%
$3,930,444
$3.9M
Market Conditions
NOI Build-Up for 11,297 SF
Gross rent
$581.6K $51.48/SF
− Vacancy
−$109.9K −$9.73/SF
EGI
$471.7K $41.75/SF
− OpEx
−$117.9K −$10.44/SF
NOI
$353.7K $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%
$7,074,800
Cap Rate 7%
$5,053,429
Cap Rate 9%
$3,930,444
Alternative Uses
Best Use
Office B
$5.05M
$4.42M – $5.90M
NOI $353,740 @ 7.0% cap · market cap 3,537.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$28.12M
$24.60M – $32.81M
NOI $1,968,389 @ 7.0% cap · market cap 19,683.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,465
Businesses Nearby
Explore this area
Business Placement
Demographics for 11423, NY
31,985
Population
10,307
Households
3.1
Avg Household Size
41
Median Age
34%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
22,846
Density / Sq Mi
$80,870
Median Household Income
$44,639
Median Earnings
$1,706
Median Rent
$717,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The workspace combines enclosed offices, semi-private suites, and an open cubicle area.
Where is this office unit located?
The property is located at 8015 188th Street #301 New York, NY.
What are key features of this property?
This property features: 2,200 square feet of office space; Five private offices and two semi‑private suites; 15 cubicles on the main floor
