335 38Th St New York, NY 10018

Property Details for 335 38Th St

Property size

4,000 SF

Property type

Office Properties & Spaces

Property subtype

Office space

Description

This exceptional 4,000-square-foot Class A creative office space, located on the 4th floor of 335 West 38th Street in New York City's vibrant Hudson Yards neighborhood, presents a unique investment opportunity. Completely renovated in 2020, this vacant, single-unit property offers a flexible, open floor plan ideal for customization. The legal live/work designation caters to the growing demand for combined residential and commercial spaces. Boasting abundant natural light and a modern design, the space includes a newly renovated kitchen with high-end appliances (Miele dishwasher, Samsung refrigerator, GE 5-burner stove and double oven), two to three bedrooms, two full bathrooms, and a separate work area with one additional bathroom. The unit also features a new Tosot split system air conditioning unit, custom built-in shelving, ample closets, and a new side-by-side Samsung washer and dryer. Its prime location offers easy access to high-end shopping, dining, cultural attractions, and major transportation hubs. The asking price is $3,500,000, representing a 7.00% cap rate. This property is perfect for investors seeking strong rental income potential or owner-occupants desiring a unique, high-demand live/work environment in one of Manhattan's most sought-after areas. The building is a single-story structure with excellent access via a private key elevator.

Location Insight

City

New York

County

New York

State

New York

Longitude

-73.9931

Latitude

40.7557