77 West 55th Street

New York, New York 10019 38 W 39th St. NY NY 10018

212-581-3003

24/7 Customer Support

Mon - Fri: 24/7

Always open online

Commercial Office Condominiums for Sale in Manhattan, NYC

  • $9,455,000
Wall Street, Financial District, Retail/Restaurant Condo Space For Sale 12,550 SF

Wall Street, Financial District, Retail/Restaurant Condo Space For Sale 12,550 SF

  • $9,455,000
Wall St, New York, NY 10005, USA

Wall Street, Financial District, Retail/Restaurant Condo Space For Sale 12,550 SF   Wall Street, Financial District, Retail/Restaurant Condo Space For […]

  • 12550 Sq Ft
  • $9,455,000
  • Commercial Condo, Investment Properties, Retail Space
Details

Financial District

9 months ago
  • $2,250,000
Park Ave, Retail/Medical Condo Space For Sale 2,100 SF

Park Ave, Retail/Medical Condo Space For Sale 2,100 SF

  • $2,250,000
Park Ave, New York, NY 10065, USA

Park Ave, Retail/Medical Condo Space For Sale 2,100 SF   Park Ave, Retail/Medical Condo Space For Sale 2,100 SF, $2,250,000 […]

  • 2100 Sq Ft
  • $2,250,000
  • Commercial Condo, Investment Properties, Medical Office Space, Retail Space
Details

Park Avenue

9 months ago
  • $2,800,500
Diamond District, W 47th St W 47th St, Commercial Office Condo Space For Sale 2,200 - 2,300 SF

Diamond District, W 47th St, Commercial Office Condo Space For Sale 2,200 – 2,300 SF

  • $2,800,500
W 47th St, New York, NY 10036, USA

Diamond District W 47th St, Commercial Office Condo Space For Sale 2,200 – 2,300 SF   Diamond District, W 47th […]

  • 2200 - 2300 Sq Ft
  • $2,800,500
  • Commercial Condo, Investment Properties, Office Space
Details

Bryant Park, Diamond District

9 months ago
  • $5,100,000
W 42nd St, Midtown Manhattan, Retail Condo Space For Sale 3,100 SF

W 42nd St, Midtown Manhattan, Retail Condo Space For Sale 3,100 SF

  • $5,100,000
W 42nd St, New York, NY 10036, USA

W 42nd St, Midtown Manhattan, Retail Condo Space For Sale 3,100 SF   W 42nd St, Midtown Manhattan, Retail Condo […]

  • 3100 Sq Ft
  • $5,100,000
  • Commercial Condo, Investment Properties, Retail Space
Details

Midtown Manhattan

9 months ago
  • $2,600,250
Park Ave, Retail/Medical Condo Space For Sale 2,100 SF

Park Ave, Retail/Medical Condo Space For Sale 2,100 SF

  • $2,600,250
Park Ave, New York, NY 10028, USA

Park Ave, Retail/Medical Condo Space For Sale 2,100 SF   Park Ave, Retail/Medical Condo Space For Sale 2,100 SF, $2,600,250 […]

  • 2100 Sq Ft
  • $2,600,250
  • Commercial Condo, Investment Properties, Office Space
Details

Park Avenue

9 months ago
  • $15,400,880
W 37th St, Midtown Manhattan, Commercial Office Condo Space For Sale 14,400 SF

W 37th St, Midtown Manhattan, Commercial Office Condo Space For Sale 14,400 SF

  • $15,400,880
W 37th St, New York, NY 10018, USA

W 37th St, Midtown Manhattan, Commercial Office Condo Space For Sale 14,400 SF   W 37th St, Midtown Manhattan, Commercial […]

  • 14400 Sq Ft
  • $15,400,880
  • Commercial Condo, Investment Properties, Office Space
Details

Midtown Manhattan

9 months ago
  • $5,650,000
Tribeca, W 45Th St, Commercial Office Condo Space For Sale 11,300 SF

Tribeca, W 45Th St, Commercial Office Condo Space For Sale 11,300 SF

  • $5,650,000
W 45th St, New York, NY 10036, USA

Tribeca, W 45Th St, Commercial Office Condo Space For Sale 11,300 SF   Tribeca, W 45Th St, Commercial Office Condo […]

  • 11300 Sq Ft
  • $5,650,000
  • Commercial Condo, Investment Properties, Office Space
Details

Tribeca

9 months ago
  • $4,505,000
Times Square, W 38th St, Commercial Office Condo Space For Sale 8,900 SF

Times Square, W 38th St, Commercial Office Condo Space For Sale 8,900 SF

  • $4,505,000
W 38th St, New York, NY 10018, USA

Times Square, W 38th St, Commercial Office Condo Space For Sale 8,900 SF   Times Square, W 38th St, Commercial […]

  • 8900 Sq Ft
  • $4,505,000
  • Commercial Condo, Investment Properties, Office Space
Details

Time Square

9 months ago
  • $3,900,000
W 35th St, Penn Station, Commercial Office Condo Space For Sale 7,800 SF

W 35th St, Penn Station, Commercial Office Condo Space For Sale 7,800 SF

  • $3,900,000
W 35th St, New York, NY 10001, USA

W 35th St, Penn Station, Commercial Office Condo Space For Sale 7,800 SF   W 35th St, Penn Station, Commercial […]

  • 7800 Sq Ft
  • $3,900,000
  • Commercial Condo, Investment Properties, Office Space
Details

Penn Station

9 months ago

Commercial Office Condominiums for Sale in Manhattan, NYC

 Commercial Office Condominiums in Manhattan, the epitome of urban sophistication and economic prowess, beckons entrepreneurs and investors alike with its promise of opportunity and prestige. For businesses looking to plant roots in this dynamic city, owning a commercial office condominium offers a unique opportunity to secure a foothold in the heart of Manhattan’s bustling business district. In this article, we delve into the benefits of investing in commercial office condominiums in Manhattan and explore what sets them apart in the city’s competitive real estate market.

The Appeal of Office Condominiums for Sale in Manhattan 

Unlike traditional office leases, which involve renting space from a landlord, office condominiums offer businesses the opportunity to own their workspace outright. This arrangement provides a sense of stability and control, allowing businesses to build equity and customize their space to suit their specific needs and branding.

Benefits of  Commercial Office Condominiums Ownership

Purchasing a commercial office condominium in Manhattan comes with a host of benefits: Equity Building: Instead of pouring money into monthly rent payments, owning a commercial office condominium allows businesses to build equity over time. As property values in Manhattan tend to appreciate steadily, owning a piece of real estate in this prime location can be a sound long-term investment.

Customization: Unlike leased spaces, which may have limitations on customization, owning a commercial office condominium gives businesses the freedom to design and renovate their space according to their unique requirements and aesthetic preferences.

Stability and Control: With ownership comes stability and control. Businesses are not subject to the whims of landlords or the uncertainties of lease renewals. Instead, they have the freedom to make decisions about their property without the fear of unexpected rent increases or eviction.

Pricing and Location The price of commercial office condominiums in Manhattan varies widely depending on factors such as location, size, building amenities, and market demand. Here’s a snapshot of average prices across different neighborhoods:

Midtown Manhattan: The bustling epicenter of business and commerce, Midtown Manhattan commands some of the highest prices for commercial real estate. Office condominiums in prestigious Midtown locations can range from $1,000 to $3,000 per square foot.

Lower Manhattan: Home to the Financial District and burgeoning tech scene, Lower Manhattan offers a more diverse range of pricing. Office condominiums in Lower Manhattan typically range from $700 to $2,500 per square foot.

Chelsea and SoHo: Known for their vibrant arts scenes and creative communities, Chelsea and SoHo offer a mix of commercial office condominiums with prices ranging from $700 to $2,500 per square foot.

Investment Considerations: While purchasing a commercial office condominium in Manhattan can offer numerous benefits, it’s essential for businesses to carefully consider the financial implications and conduct thorough due diligence before making a purchase: Price: Commercial office condominiums in Manhattan can range widely in price depending on factors such as location, size, and building amenities. Prices typically start in the millions and can go up significantly for prime locations and premium features.

Financing: Securing financing for a commercial office condominium purchase may require a substantial down payment and strong financial credentials. Working with a knowledgeable lender who specializes in commercial real estate can help businesses navigate the financing process and secure favorable terms.

Operating Costs: In addition to the purchase price, businesses should factor in ongoing operating costs such as property taxes, common area maintenance fees, and utilities. These costs can vary depending on the size and condition of the property and should be carefully considered when budgeting for ownership.

Conclusion

Investing in a commercial office condominium in Manhattan is not just a real estate transaction; it’s a strategic investment in the future of your business. By owning their workspace, businesses gain stability, control, and the opportunity to build equity in one of the world’s most prestigious business districts. With careful consideration of location, financing, and operating costs, businesses can find the perfect office condominium to serve as the foundation for their success in the heart of Manhattan.

 

Related Articles

 

Commercial Office Condominiums 3rd Ave.5
Commercial Office Condominiums Mad.ave.5

MANHATTAN OFFICE SPACE MARKET INFORMATION

  • INVENTORY SF 376 M +1.0% Prior Period 373 M
  • UNDER CONSTRUCTION SF10.2 M -10.3%Prior Period 11.4 M\
  • VACANCY RATE11.7% +1.0%Prior Period 10.7%
  • AVERAGE MARKET RENT/SF$76.15 +1.2%Prior Period $75.25
  • MARKET SALE PRICE/SF$904 +2.9%Prior Period $878
  • MARKET CAP RATE4.3% Prior Period 4.3%

Availability

  • Vacant SF 40.7 M Sublet SF 11.8 M
  • Availability Rate 18.3% Available SF 65.8 M
  • Available average Asking Rent/SF $60.04
  • Occupancy Rate 88.3% Percent Leased Rate 91.5%

Office Sales Past Year

  • Asking Price Per SF $701
  • Sale to Asking Price Differential -1.4%
  • Sales Volume $7.5 B
  • Properties Sold 104
  • Months to Sale 11.0
  • For Sale Listings 142
  • Total For Sale SF 1.3 M

Demand

  • 12 Months Net Absorp % of Inventory -0.1%
  • 12 Months Leased SF 32 M
  • Months on Market 8.2
  • Months to Lease 12.1
  • Months Vacant 11.0
  • 24 Months Lease Renewal Rate 35.1%
  • Population Growth 5 Years 3.0%
nyc.manhattan2

30 E 60th Street, NY, NY Office Medical space for lease 500-25000 sq ft

  • 300 - 20,000 Sq Ft
  • $50-$70 per SF
  • Medical Office Space, Office Space
Featured

250 W 54th St, Columbus Circle, NYC Class B Office space for lease

  • 1850 - 3000-10,000 Sq Ft
  • Upon request
  • Medical Office Space, Office Space

Madison Ave, NY, Medical office space for lease UES 2500-5000 sf

  • Baths: 3
  • 2500 - 5000 Sq Ft
  • Upon request
  • Medical Office Space, Office Space

Penn Station, NY, Class A Office space 5,000 -10,000 sq ft. for sublease

  • 5000 - 10,000 Sq Ft
  • Office Space

750 Lexington Ave NYC, Class A Office space for rent 2300-5000 SF in UES

  • 2300 - 5000 Sq Ft
  • Upon request
  • Office Space

405 Lexington Ave Chrysler Building Class A Office for sublease, Grand Central Station

  • 3200 - 7,500 Sq Ft
  • Upon request
  • Office Space

Compare listings

Compare