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    OFF-MARKET
    Office Spaces

    335 38Th St, New York, NY 10018

    4,000 SF
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office Spaces
    Total area 4,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • SCHWINGHAMMER Interior Design
    • Medialia ... Rack and Hamper Gallery Art Gallery
    • Rick Burda Photography Service (Bike/Boat/Book/etc) Store
    • Whirlwind Creative, Inc Marketing & Advertising Advertising Agency
    • Creative Content Loft (Bike/Boat/Book/etc) Store Photography Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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