For Sale
Call for price

30 20Th StNew York, NY 10003

7-Story Office, 23,700 SF, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
98
This exceptional seven-story office building, totaling 23,700 square feet, is situated on a quiet street in Manhattan's Flatiron District. The property boasts elegant marble and granite finishes in the lobby, offering a sophisticated atmosphere. Convenient features include 24/7 access and a virtual doorman system, enhancing security and convenience. Its strategic location near Union Square and Madison Square Park provides access to abundant green spaces and leisure opportunities. Excellent public transportation access is available via nearby N, Q, R, W, and PATH trains. The building sits on a 3,680 square foot lot and currently operates as an office building, with potential for residential conversion under M1-M5 residential zoning (by special permit). The property generates a substantial net operating income (NOI) of $1,160,632. This presents a compelling investment opportunity, allowing for continued operation as an office building or a potential conversion to residential use. The property's prime location and strong financial performance make it an attractive asset in a highly desirable Manhattan neighborhood. This is a rare opportunity to acquire a well-maintained building with significant upside potential.

Highlights

  • Prime Flatiron District location, near Union Square and Madison Square Park.
  • 7-story, 23,700 square foot office building with potential for residential conversion.
  • Strong NOI of $1,160,632.
  • 3,680 square foot lot size.
  • M1-M5 residential zoning (by special permit).

Property Details for 30 20Th St

Property type
Other office properties, Office properties
Square Feet
23,700 SF
Stories
7

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7385961
Longitude
-73.9886551
30 20Th St, New York, New York

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30 20Th St
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