Buying NY Office Space
Buying NY Office Space
Buying NY Office Space
Buying NY Office Space will give your business the ability to control its occupancy costs in an office market that is recording sustained and significant year-over-year rent increases. The “stabilization” of occupancy costs in combination with long-term asset appreciation, the write-off of interest expense and depreciation, makes economic sense for many businesses. Owning an office condominium or co-operative also gives you full control over its design/function, and ensures that all capital investments made on improvements yield permanent benefits. In contrast, Tenant-funded improvements made to a leased office reverts back to the Landlord at the end of the term.
Listed below is a small selection of commercial spaces currently offered for sale. Please contact Cogent Realty with your unique requirement.
Financial District- Office Condo for Sale
Class B Office Building (1958/2010)
3,681 Square Feet
Asking Price: $725 PSF = $2,668,725
Common Charges/Year: $7.92 PSF – $29,167
Real Estate Taxes/Year: $6.22 PSF- $22,909
3,681 SF. Current Condition.
HUDSON SQUARE- LIVE/WORK CONDO FOR SALE
5,727 SF. Raw Space.
CHELSEA- OFFICE CO-OP FOR SALE
5,100 SF. Current Condition.
UNITED NATIONS- OFFICE CONDO FOR SALE
Photo courtesy of Costar
4,365 SF. Pre-built office.
BEST STRATEGY FOR buying ny office space
Although the purchase of commercial space in NYC is gaining in popularity, it still represents a very small portion of total office transactions. There are a limited number of spaces for sale at any given time and identifying these is challenging. Cogent Realty Advisors has provided NO FEE Tenant Representation to New York businesses for over 15 years. By utilizing our extensive commercial office database and an established network of professional contacts, we will find you an office that satisfies your specific requirements. Contact Mitchell Waldman today: (212) 509-4049.
