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Office Building with Parking Garage
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885 2nd Ave, New York, NY 10017

Office floors with 12'6" slab-to-slab heights and brand new restrooms, with on-site parking garage access.

Property Size16,121 SF
Days on Market924

Property Features for 885 2nd Ave

General Information

Standard status Active
Size 16,121 SF
Property subtype OFFICE

Additional Details

Business Included No
Clear Height 12.5 ft

Amenities

brand new restrooms
recently renovated lobby
on-site parking garage
Listing Agency: CBRE | Midtown Manhattan
Listed By: Neil King
Source: Moodyscre
Added: Jan 19, 2024 Changed: Jul 28 Last Checked: Jul 30 at 11:22AM

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 CBRE | Midtown Manhattan

Investment Insights

Based on property information with market context.

One Dag is an office building enhanced by more than $20 million in capital improvements. Space is available on floors E22–E25 in a contiguous layout, described as second generation-built condition, and the landlord will build new space to suit tenant requirements or provide a tenant improvement allowance. The building features 12'6" slab-to-slab ceiling heights, brand new restrooms, and a recently renovated lobby, with high-end finishes attributed to Fogarty Finger Architects.

The property is located at 885 2nd Ave in Midtown Manhattan, positioned between Grand Central Terminal and the United Nations headquarters complex.

As presented for the available floors, the space benefits from significant natural light coming in on all four sides and offers tower floor (city + river) views.

Key Highlights

  • On‑site parking garage access for office tenants
  • Available office floors E22–E25 with 64K RSF contiguous space in second generation‑built condition
  • 12'6" slab‑to‑slab ceiling heights throughout the available floors

Property Analytics

Current Use

Wachtel Missry LLP Law Firm Zaino Michael Law Firm Morris Missry Law Firm Bedell Terrace Apartments ... Apartment Building British Consulate General ... Foreign Consulate

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Buffet Auto Parts Store Pet Grooming Service Adult Day Care

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

Lease Details

12 ft
Clear height
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

58,096
Businesses Nearby

Demographics for 10017, NY

17,401
Population
12,866
Households
1.4
Avg Household Size
38
Median Age
85%
College-Educated
97%
High-School Grad
0.3 sq mi
ZIP Area
58,003
Density / Sq Mi
$132,518
Median Household Income
$94,214
Median Earnings
$2,980
Median Rent
$808,200
Median Home Value

Market

Lease Benchmarks for New York, NY

$52.42 /SF/Yr
Avg Asking Price
$4.17–$240 /SF/Yr
Price Range
5,627 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Office units - Office floors with 12'6" slab-to-slab heights and brand new restrooms, with on-site parking garage access.
Where is this office units located?
The property is located at 885 2nd Ave New York, NY.
What are key features of this property?
This property features: On‑site parking garage access for office tenants; Available office floors E22–E25 with 64K RSF contiguous space in second generation‑built condition; 12'6" slab‑to‑slab ceiling heights throughout the available floors
(212) 984-8122 Call to check price and availability
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