White-Box Office Suite with
For Sale
Contact for pricing
825 7th Ave, New York, NY 10019
Seventh-floor office space features a built pantry and two private terraces, with recently renovated building amenities.
Property Size19,229 SF
Price / SF$450
Days on Market696
Property Features for 825 7th Ave
General Information
Standard status
Active
Size
19,229 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Midtown Manhattan
Amenities
built pantry
private terraces
recently renovated lobby
new elevators
new restrooms
operable windows
Listing Agency:
Rudder Property Group
(212) 966-3611
Listed By:
Michael Rudder · License #NY 10491201687
(646) 483-2203
Source:
Moodyscre
Added: Dec 4, 2024
Changed: Oct 25
Last Checked: Oct 30 at 5:43PM
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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Investment Insights
Based on property information with market context.
This seventh-floor office suite is white-boxed and pre-built, with a built pantry and two large private terraces. Recent upgrades include new restrooms, HVAC, and operable windows. The lobby has been recently renovated with new elevators and updated building infrastructure.
The building is located near Columbus Circle, between Times Square and Central Park. Access to multiple subway lines is available at the 53rd Street, 50th Street, and 57th Street stations.
Floors can be sold individually or combined, allowing flexibility for a range of space requirements.
The building is located near Columbus Circle, between Times Square and Central Park. Access to multiple subway lines is available at the 53rd Street, 50th Street, and 57th Street stations.
Floors can be sold individually or combined, allowing flexibility for a range of space requirements.
Key Highlights
- Seventh‑floor office space includes a built pantry and two large private terraces
- Recently renovated lobby with new elevators and updated building infrastructure
- Recent upgrades include new restrooms, HVAC, and operable windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$602,112
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,042,240
$12.0M
Cap Rate 7%
$8,601,600
$8.6M
Cap Rate 9%
$6,690,133
$6.7M
Market Conditions
NOI Build-Up for 19,229 SF
Gross rent
$989.9K $51.48/SF
− Vacancy
−$187.1K −$9.73/SF
EGI
$802.8K $41.75/SF
− OpEx
−$200.7K −$10.44/SF
NOI
$602.1K $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%
$12,042,240
Cap Rate 7%
$8,601,600
Cap Rate 9%
$6,690,133
Alternative Uses
Best Use
Office B
$8.60M
$7.53M – $10.04M
NOI $602,112 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$47.86M
$41.88M – $55.84M
NOI $3,350,461 @ 7.0% cap · market cap 38.72%
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
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Seventh-floor office space features a built pantry and two private terraces, with recently renovated building amenities.
Where is this office unit located?
The property is located at 825 7th Ave New York, NY.
What is the asking price?
The asking price for this property is $8,653,050.
What are key features of this property?
This property features: Seventh‑floor office space includes a built pantry and two large private terraces; Recently renovated lobby with new elevators and updated building infrastructure; Recent upgrades include new restrooms, HVAC, and operable windows
