110 23Rd St New York, NY 10010
This exceptional commercial property at 110 E 23rd St, located in the coveted Flatiron District's Gramercy Park submarket cluster of New York County, offers a diverse range of office spaces ideal for various business needs. The building, constructed in 1900, boasts a total of 32,948 square feet and currently features five available units ranging from 1,500 to 3,000 square feet. Each space is designed to impress, featuring 11-foot ceilings, abundant natural light, and two private restrooms. The convenience of elevator access directly to each office suite, coupled with individual electric meters, ensures both efficiency and cost-effectiveness. The building's prime location provides unparalleled accessibility, with easy walking distance to the 4, 5, 6, L, N, Q, and R subway lines, as well as numerous bus routes. The vibrant Flatiron District offers a wealth of nearby amenities, including a wide selection of restaurants, bars, and entertainment options, making it an attractive location for employees and clients alike. The property's versatile nature accommodates a variety of business types, including traditional office, executive office, coworking, medical office, and creative office uses. This is a rare opportunity to secure high-quality office space in one of Manhattan's most desirable neighborhoods. The building is multi-tenant.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.