32 39Th StNew York, NY 10018

Property Details for 32 39Th St

Year built

1907

Lot size

0.05 AC

Property size (Sq ft)

10,000 SF

Zone code

R8B

Property type

Office properties

Property subtype

Office buildings

APN

00868-0048

APU

8680048

Description

This exceptional 87,072 square foot, Class B office building at 32 W 39th Street offers a unique opportunity. Completely renovated in 2024, this sixteen-story building provides turnkey ready suites perfect for businesses seeking modern, client-facing spaces. The multiple tenancy structure allows for flexibility, with a maximum contiguous space of 87,072 square feet. The building boasts impressive features including a professionally managed environment, a doorman-attended lobby, and two new elevators ensuring efficient access to all floors. Suites are equipped with high-end finishes: plank flooring, modern glass partitions, slim LED linear light fixtures, and new private restrooms. Common areas feature poured terrazzo hallways, adding a touch of sophistication. A state-of-the-art VRF HVAC system with individual thermostats ensures climate control, while Bose sound and a modern access entry system enhance the overall experience. Pre-wired CAT6 cabling provides robust network infrastructure. The building's strategic location directly adjacent to Amazon's new Fifth Avenue headquarters makes it an ideal location for businesses seeking high visibility and proximity to a major tech hub. With a 12-foot ceiling height, these suites offer ample space and natural light. This is a rare opportunity to secure premium office space in a revitalized building in a highly desirable Midtown Manhattan location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,653,299

  6.5%

  $1,526,122

  7%

  $1,417,113

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,306,600

  Geo Method

  $1,306,600

• Alternative Use

  Use

  Valuation

  Residential

  $1,892,391

  Hospitality

  $1,733,420

  Educational

  $1,442,185

  Medical

  $1,491,784

  Retail

  $2,243,399

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7504

Longitude

-73.98

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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