Property profile

49 24Th St New York, NY 10010

OFF-MARKET
Office Spaces
4,850 SF
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Property summary

AI-generated overview

This exceptional 4,850-square-foot executive office space at 49 West 24th Street in New York City's vibrant Chelsea neighborhood presents a unique investment opportunity. The full-floor office boasts loft-like ceilings and an efficient layout enhanced by oversized windows, maximizing natural light. Located in a prime location, less than a block from Madison Square Park, this property offers unparalleled convenience with close proximity to seven subway lines and the PATH train. The asking price is $4,200,000, translating to $866 per square foot. Annual operating expenses are $75,600, representing low maintenance charges. The property features a separate freight entrance and elevator, adding to its functionality. Immediate possession is available. The owner is also open to leasing the space at a rate of $29 per square foot. This property is ideal for a discerning business seeking a prestigious and highly accessible location in one of Manhattan's most sought-after areas. The address is 49 W 24th St, New York, NY 10010.

Property profile

Verified
Property type Office Spaces
Total area 4,850 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Physician Medical Clinic
  • Physician
  • Physician

Location

49 24Th St New York, NY 10010
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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