Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    147 35Th St New York, NY 10001

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    147 35Th St New York, NY 10001

    View on Map
    • Retail properties & Spaces
    • 92,037 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Eric K Daniels Architects PC / Architect
    • Specialized DEC, LLC / Construction Company / General Contractor
    • Goldstein Group Branding / Advertising Agency / Marketing & Advertising
    • Fast Learning Chinese / Language School / Training Center
    • Langdon Shiverick Inc. / Brewery & Distillery / Specialty Food Shop

    Property Details for 147 35Th St

    Year built
    1927
    Property size
    92,037 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This exceptional 18-story, Class B office building at 147 West 35th Street offers a unique opportunity in the heart of Manhattan's Garment District. Built in 1927 and renovated in 2010, the property boasts 92,037 square feet of total space, with 11,899 square feet currently vacant. The building features 139 individual suites, ranging from a minimum of 215 square feet to a maximum contiguous space of 3,769 square feet, providing flexibility for businesses of all sizes. The building's strategic location between 6th and 7th Avenues, near Macy's and Herald Square, offers unparalleled visibility and accessibility. With a 12-foot ceiling height and elevators, the space is well-suited for a variety of uses, including traditional, executive, medical, and creative office spaces. The building is zoned M1-6, GC, and is situated in New York County. While parking is not available on-site, the building's prime location offers easy access to public transportation. The building's floor area ratio (FAR) is 15. This is a rare opportunity to secure office space in one of Manhattan's most vibrant and sought-after neighborhoods. Multiple tenancy options are available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9892
    Latitude
    40.7513

    Comparable in this City

    • Value Estimation by Request
      30,000 SF

      544 27Th St

      Individual retail properties • 30,000 SF
      544 27Th St, New York, NY 10001
      View Details
    • Value Estimation by Request
      13,200 SF

      224 5Th Ave

      Medical Office Space • 13,200 SF
      224 5Th Ave, New York, NY 10001
      View Details
    • Value Estimation by Request
      10,061 SF

      777 6Th Ave

      Medical Office Space • 10,061 SF
      777 6Th Ave, New York, NY 10001
      View Details
    • Value Estimation by Request

      109 25Th St

      Restaurants
      109 25Th St, New York, NY 10001
      View Details
    • Value Estimation by Request

      133 25Th St

      Office Units
      133 25Th St, New York, NY 10001
      View Details
    • Value Estimation by Request
      60,000 SF

      236 30Th St

      Office Units • 60,000 SF
      236 30Th St, New York, NY 10001
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,832 SF

      Nomad Development Opportunity on Sixth

      Prime Nomad location with redevelopment and expansion potential.
      821 6Th Ave, New York, NY 10001
      View Details
    • Contact for pricing
      2,500 SF

      Full Floor Office Space

      6,000 SF office space near Penn Station.
      25 W 31St St, New York, NY 10001
      View Details
    • $3,250,000
      3,945 SF

      543-545 West 25th Street 15th Floor Office

      543-545 West 25th Street 15th Floor Office
      543-545 W 25 St, New York, NY 10001
      View Details
    • $3,200,000
      6,300 SF

      Chelsea Commercial Condo Fourth Floor

      6,300 SF white-box space in prime Chelsea location.
      305 7Th Ave, New York, NY 10001
      View Details
    • Contact for pricing
      3,073 SF

      High-End Office Space Available

      Premium office space featuring glass conference room and private bathroom.
      520 W 27Th St, New York, NY 10001
      View Details
    • Contact for pricing
      2,018 SF

      Creative Office in Capitol Building

      Newly constructed office space in a well-managed live/work building.
      236-242 W 26Th St, New York, NY 10001
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,762 SF

      Prime Manhattan Location Retail Opportunity

      Retail spaces available in a uniquely situated Manhattan property.
      330 W 34Th St, New York, NY 10001
      View Details
    • $75 SF/Yr
      4,073 SF

      NoMad Office Space: 1149 Broadway

      Prime NoMad location, two 800 sq ft spaces.
      1149 Broadway, New York, NY 10001
      View Details
    • Contact for pricing

      Retail and Office Spaces Available

      Retail and office spaces for rent in New York.
      460 W 35Th St, New York, NY 10001
      View Details
    • Contact for pricing

      Fifth Avenue Full Floor Office

      Pre-built office space with park views in prime location.
      224 5Th Ave, New York, NY 10001
      View Details
    • Contact for pricing

      Versatile Retail/Office/Showroom Space Available

      2,000-6,000 SF retail/office/showroom space for lease or sale.
      20 West St, New York, NY 10001
      View Details
    • Contact for pricing

      Columbus Circle Commercial Space Available

      Multiple high-floor units available near public transportation.
      Columbus Cir, New York, NY 10001
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    147 35Th St
    New York, NY 10001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!