825 Seventh Ave 7th Floor Office
- Usage: Office
- Type: Sale
- Floor: 7th Floor
- Size: 19,229 SQFT
- Price: $27,882,050
- Term: —
- Broker: Jonathan Anapol
- Telephone: 212-268-8289
Situated at the bustling corner of 53rd Street and Seventh Avenue in prime Midtown Manhattan, 825 Seventh Avenue presents a rare opportunity to acquire two full floors of office/medical condo units. Crafted as a joint venture between Edward J. Minskoff Equities and Vornado Realty Trust, this iconic location offers a total of 38,458 RSF across the entire 7th and 8th floors. The white-boxed and pre-built 7th floor boasts a built pantry and two expansive private terraces, providing versatility and comfort for occupants. Recent renovations have enhanced the lobby, elevators, and building infrastructure, ensuring a modern and welcoming environment for tenants. With convenient access to 10 subway lines at 53rd Street, 50th Street, and 57th Street Stations, commuting is effortless. Notably situated between Times Square and Central Park, with proximity to Columbus Circle, the location offers unparalleled convenience and prestige. High loan-to-value financing options are readily available, catering to both owner/occupiers and investors alike. Whether utilized individually or combined, these floors present limitless potential for diverse office or medical use, making them an ideal investment in the heart of Manhattan's premier business district.
The building itself spans 175,000 rentable square feet, offering eight contiguous floors suitable for full-building opportunities or single-floor users. Newly renovated lobby spaces and over 3,200 rentable square feet of terraces make 825 Seventh Avenue perfect for any office tenant. Additionally, the double-height corner retail space presents an ideal opportunity for flagship headquarters. Positioned amidst prominent neighborhood notables such as Nordstrom, Conrad Hotel, and New York Athletic Club, 825 Seventh Avenue epitomizes the power of proximity within the bustling Midtown District. With recent redevelopments and a focus on accommodating unique tenant requirements, the property is poised to offer a collaborative and engaging environment for businesses of all kinds.
With an asking price of $27,882,050, equivalent to $725 per RSF, this prestigious office/medical condo unit at 825 Seventh Avenue presents a compelling investment opportunity in the heart of Midtown Manhattan. Additionally, estimated annual common charges of $605,714 ($15.75/RSF) and estimated annual real estate taxes of $560,106 ($14.56/RSF) ensure transparency regarding ongoing expenses, allowing potential buyers to make informed decisions.
Space Features:
- Total: 38,458 RSF as floors can be sold individually or combined (7th +
8th)
Entire 7th Floor: 19,229 RSF
Entire 8th Floor: 19,229 RSF - White-boxed and pre-built 7th floor includes a built pantry and two large private terraces
- Recently renovated lobby with new elevators and updated building infrastructure
- Recent upgrades include new restrooms, HVAC and operable windows
- Uniquely situated between Times Square and Central Park with proximity to Columbus Circle
- Convenient access to 10 different subway lines at 53rd Street, 50th Street, and 57th Street Stations.
- High loan-to-value financing readily available for qualified purchasers
Floors can be sold individually or combined