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Property profile & analytics
OFF-MARKET Estimated value $4,595,000
Flex space

323 39th Stcom New York, NY 10018-1411

46,795 SF Built 1925
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US63-3690810
Property summary
AI-generated overview

This exceptional 5,952 square foot office space occupies the entire 11th floor of a twelve-story building located at 323 W 39th St, New York, NY 10018, between 7th and 8th Avenues in the desirable Port Authority submarket of Hudson Yards. Built in 1925 and extensively renovated in 2010, the building boasts impressive features including high ceilings (11.5 feet), a glass entry and door, and convenient elevator access. The suite itself offers a versatile layout ideal for a variety of office configurations. Seven individual offices provide ample private workspaces, complemented by a dedicated conference room for meetings and presentations. A full pantry with ample seating ensures employee comfort and convenience, and two bathrooms add to the functionality of the space. A unique highlight is the private terrace featuring a wood deck, offering an outdoor oasis within the bustling city. The total building size is 79,835 square feet, situated on a 7,500 square foot lot. This single-tenant space is perfect for a company seeking a prestigious and well-appointed office in a vibrant, central location. The property is classified as Creative, Executive, and Traditional Office space.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1925
Total area 46,795 SF
Zoning code C6-4
APN 00763-1202
UPID US63-3690810
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
  • MaloTek Marketing & Advertising Advertising Agency
  • Johnstone Supply Big Box & Wholesale Store Building Supply
  • Argus Risk Advisors, A Division of World Insurance Agency
  • Ingvild Waerhaug Coaching Life Coach
  • EFA Robert Blackburn Printmaking Workshop (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.83M
Blend (final) Blend
$4.60M
Owner & transaction history
The Elizabeth Foundation For The Ar · 2 yrs held
The Elizabeth Foundation For The Ar
since 2024
4 recorded transactions
2024
Price N/A
2022
Price N/A
2006
Price N/A
1969
Price N/A
Zoning & alternative use
C6-4 · New York, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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