Commercial Condos for Rent NYC
Commercial Condos for Rent NYC

Over the long term, New York City real estate values have appreciated greatly. Unfortunately, business owners who lease their commercial spaces have not benefited from this valuation rise.

Business owners who anticipate stability in terms of the size and scope of their operations could profit from outright ownership of their commercial space. Whether they seek to purchase commercial cooperatives shares or a condominium, buying commercial real estate can offer stability, ease and financial incentives that aren’t available to commercial property lessees.

Commercial Cooperatives & Condominiums

Commercial cooperatives and condominiums are fairly rare; they’re only really available for sale in large, metropolitan cities such as Chicago, London and New York. Less than 5 percent of the Manhattan commercial real estate market consists of commercial cooperative and condominium properties.

Commercial coops and condominiums in Manhattan vary in size from as small as 500 square feet to as large as several contiguous full floor spaces. While buying Manhattan office space might not be a plausible option for most business owners who would rather invest available resources for business development, owners who foresee long term occupancy of the same space might want to explore the option of purchasing a commercial space in New York City.

  • Below Market Lease Assignment in East 35th Street 245 E. 35th St, Lease Assignment, $9.52/SF, Key Money 245 E. 35th Street, Murray HillGround Space4200 rentable square feetPreferred Use...MedicalCondition...AS IS....2 separate reception areas. 12 treatment rooms. 6 consult offices. 4 patient bathrooms. 1 staff bathroom.One private entrance. A second entrance thru the lobby of the building.Not handicap accessible entrances. No handicap accessible bathrooms.Rent is $40,000 annually...$3,333 per month...$9.52 per sf...no yearly escalation on the rentCurrent Real Estate Tax & Building Operations Assessment...$41,373 annually...$3448 monthly ( payable in full in one annual payment every August 1)...This annual figure will change from year to year as Tenant is responsible for 3.3% of annual increases ( if any ) in Real Estate Taxes & Cost of building operations.Term...thru May 14, 2026Key Money...$1,000,000 Office
    3332 245 E. 35th St, Lease Assignment, $9.52/SF, Key Money
    245 East 35th Street New York NY 10016
  • Murray Full Floor Prebuilt Loft in Madison Avenue Plug & Play Murray Hill Office Full floor Midtown Manhattan office for lease in elegant Madison Avenue skyscraper. 18,000 Rentable Square Feet. Brand new prebuilt space with 11' ceiling height and polished concrete floors. Brand new kitchen and bathrooms. Perimeter offices and conference rooms. Bright, cheerful and efficient space. Landlord seeking a 5-10 year lease term. Office
    90000 Plug & Play Murray Hill Office
    135 Madison Avenue New York NY 10016
  • Built Out Law Firm Space in Madison Avenue 275 Madison, LAW, P7, 3,252SF, $65 Office
    17615 275 Madison, LAW, P7, 3,252SF, $65
    273 Madison Avenue New York NY 10016
  • Gramercy Park Medical Space in Gramercy Park South 8 Gramercy Park South, Ground Floor Medical Space Ground floor medical/professional space for rent. Currently configured as a dental practice with 4 operatories, a lab, reception area and 2 bathrooms. Efficient space for any medical or non-profit use. Entrance is thru the lobby of a residential building. Near Union Square and Gramercy Park. Office
    8504 8 Gramercy Park South, Ground Floor Medical Space
    8 Gramercy Park South New York NY 10003
  • Financial District Open Plan Office in Broadway 1,700SF Ultra Efficient Law Firm Space
    Best small law firm space in Lower Manhattan. Built out with 3 partner offices (4th possible) and a large conference room. Windows on 3 sides. 12' ceilings. Tenant controlled HVAC. Concrete floors.Conference can be divided to create 4th office. Lobby attended 24/7. Beautifully maintained, owner occupied property. Located near Lower Manhattan Courts and Brooklyn Bridge. Only $45/SF. Below average loss factor.Landlord also willing to modify the space for tenant seeking a more open plan environment.
    Office
    7181 1,700SF Ultra Efficient Law Firm Space
    160 Broadway New York NY 10038
  • Loft Style Office with Industrial Chic in West 29th Street 231 W. 29th Street, Partial 4th Floor Loft Loft style space located just a short walk from Penn Station. Beautiful creative space with 11' ceiling height and polished concrete floors. The current is condition is a white box, but the landlord will build to suit. Perfect space for tech companies, PR or advertising agencies, architectural firms or any creative user seek open plan space with an industrial feel.  Office
    15400 231 W. 29th Street, Partial 4th Floor Loft
    231 West 29th Street New York NY 10001

Financial benefits

The long term financial incentives are far greater for commercial property co-op shareholders and condominium owners than commercial property lessees. Owners of commercial real estate benefit not only from certain tax write offs for interest and depreciation, but also from long term appreciation. A property owner is not subject to rent increases from a landlord, and also builds substantial equity as the mortgage payments are made. Lessees, while enjoying the option of flexibility if he or she chooses to relocate at the end of a lease, do not have the long term security of property ownership, which, in today’s market, is one of the more stable investments a business owner can make.