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    250 Park Avenue New York, NY 10003

    For Lease
    Contact for pricing

    Prestigious Flatiron District office space.

    Lot size:
    48,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 12-story, 48,000 square foot executive office building, constructed in 1912 and renovated in 2002, is located at 250 Park Avenue South, at the southwest corner of East 20th Street in Manhattan's vibrant Flatiron District/Union Square/Gramercy Park neighborhood. The building boasts a striking Neo-Gothic architectural style with elaborate stonework. The elegantly restored lobby features a tall, vaulted ornate ceiling and decorative moldings. Offering 24/7 access, a concierge, video monitors, new thermopane windows, and tenant-controlled A/C, this property provides a sophisticated and functional workspace. Multiple suites are available, with a minimum divisible space of 12,000 square feet and a maximum contiguous space of 12,003 square feet

    Property Features for 250 Park Avenue

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    48,000 SF

    Building Details

    Year Built/Renovated
    1912/2002
    Stories
    12

    Unit(s) available at that property

    Space
    10th Floor - Pre-built Space
    Size
    12,003 SF
    Space
    Third Floor
    Size
    11,985 SF
    Space
    Fourth Floor
    Size
    11,995 SF
    Space
    Ninth Floor
    Size
    12,003 SF

    HighLights

    • Exceptional 12‑story, 48,000 square foot office building in Manhattan's Flatiron District/Union Square/Gramercy Park.
    • Prime location surrounded by diverse commercial businesses and vibrant neighborhood amenities.
    • Elegantly restored lobby with a tall, vaulted ornate ceiling and decorative moldings.
    • Building amenities include 24/7 access, concierge, video monitors, new thermopane windows, and tenant‑controlled A/C.
    • Excellent dining options nearby, including Old Town Bar & Restaurant, Pete's Tavern, and Shake Shack.
    • Close proximity to Baruch College, Gramercy Park Hotel, Flatiron Building, and multiple parks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Daycare Center Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9882199
    Latitude
    40.7382621

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    FAQs

    What type of property is this?
    Office Property / Space - Prestigious Flatiron District office space.
    Where is this office property / space located?
    The property is located at 250 Park Avenue New York, NY.
    What are key features of this property?
    This property features: Exceptional 12-story, 48,000 square foot office building in Manhattan's Flatiron District/Union Square/Gramercy Park.; Prime location surrounded by diverse commercial businesses and vibrant neighborhood amenities.; Elegantly restored lobby with a tall, vaulted ornate ceiling and decorative moldings.
    Request Owner's contact information
    250 Park Avenue New York, NY 10003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    250 Park Avenue New York, NY 10003
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