Office Space For
For Sale
Contact for pricing
825 7th Avenue, New York, NY 10019
38,458 RSF office space available for purchase.
Property Size38,458 SF
Price / SF$462.50
Days on Market153
Property Features for 825 7th Avenue
General Information
Standard status
Active
Size
38,458 SF
Property subtype
Office
Building Details
Year Built
1967
Year Renovated
2022
Listing Agency:
Rudder Property Group
Listed By:
Justin Harris · License #NY 10401319657
(914) 582-9227
Source:
Crexi
Added: May 21
Changed: Oct 12
Last Checked: Oct 19 at 6:32AM
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
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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.
This commercial property features 38,458 rentable square feet of office space. The property is suitable for office use.
Key Highlights
- Office Space Available
- 38,458 RSF
- Year Built: 1967
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,204,224
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$24,084,480
$24.1M
Cap Rate 7%
$17,203,200
$17.2M
Cap Rate 9%
$13,380,267
$13.4M
Market Conditions
NOI Build-Up for 38,458 SF
Gross rent
$1.98M $51.48/SF
− Vacancy
−$374.2K −$9.73/SF
EGI
$1.61M $41.75/SF
− OpEx
−$401.4K −$10.44/SF
NOI
$1.20M $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%
$24,084,480
Cap Rate 7%
$17,203,200
Cap Rate 9%
$13,380,267
Alternative Uses
Best Use
Office B
$17.20M
$15.05M – $20.07M
NOI $1,204,224 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$95.73M
$83.76M – $111.68M
NOI $6,700,922 @ 7.0% cap · market cap 37.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
57,003
Businesses Nearby
Explore this area
Business Placement
Demographics for 10019, NY
49,029
Population
33,279
Households
1.5
Avg Household Size
38
Median Age
78%
College-Educated
98%
High-School Grad
0.7 sq mi
ZIP Area
70,041
Density / Sq Mi
$121,835
Median Household Income
$108,231
Median Earnings
$2,619
Median Rent
$1,066,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - 38,458 RSF office space available for purchase.
Where is this office building located?
The property is located at 825 7th Avenue New York, NY.
What is the asking price?
The asking price for this property is $17,786,825.
What are key features of this property?
This property features: Office Space Available; 38,458 RSF; Year Built: 1967
