commercial property for sale in new york

Recent Sale. $2.9 MILLION. 68 West 85th Street (between Columbus Avenue and Central Park West). Manhattan. This five-story, 5,558-square-. Browse Liberty, NY real estate listings to find commercial for sale, condos, townhomes & single family homes. Explore commercial for sale in Liberty. 229,691 sq. ft. 5.27 Acres. Listing by: R. Mark Levack. View Details · 71 BIG BOOM RD Queensbury, NY.

: Commercial property for sale in new york

Commercial property for sale in new york
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Listing 2 of 30 - #6110009. SOLD! Property for Sale in New York. total lot No realtor fees, no hidden costs, and no work on your part. VACANT LAND FOR SALE. $250,000. Read more Contact Us. Can be purchased alone or preferably as part of a package deal along with 2259 Bathgate Ave (multi-family house) and 2257 Bathgate Ave (single family) which combined can make for an exceptional development opportunity here in The Bronx. home for sale:. Desirable 2. More phone 2414-20 Westchester Ave & 3331-35 Hull Ave. Oct 22, 2021 · Find lots for sale in Bronx, NY with the cheapest land for sale starting from and going up to $4,000,000. Vacant Lots in Bronx For Sale Vacant lot for sale in the Laconia section of the Bronx on Sexton Place between Kingsland amp ; Givan Avenues. For lease. Conveniently nearby Fordham University, Lehman College, Montefiore; Moses Division, this home is ready for you! Oct 29, 2021 · VACANT LAND FOR SALE. Browse 1470 listings, view photos and connect with an agent to schedule a viewing. Properties matching your search have an average property price of $1,099,456 and a price per acre of $3,370,497. Market Data Real time and historical data on commercial real estate listings in The Bronx. This multi-family renovated duplex at 2050 Colonial Ave. 160,000 Block 621 Lot 1 Zoning M3-1 For Lease View Property 19-22 45th Street, Astoria, NY 11105 Sq. Exclusive and private with only (4) lots and over 20 Photo Gallery (26) Add to Favorites. You can sell a lot to us in Buffalo, Rochester, Yonkers, Syracuse, commercial property for sale in new york Albany. $375,000. August 24, 2021. 2,640 sqft lot. Bronx Riverdale. Lots Land For Sale. Details. Receive a free list of available spaces custom to your needs complete with lease rates, photos and floor plans: Fields marked with an * are required. is close to the subway and Pelham Bay Park. Ft. 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Wakefield, Bronx, NY. 2414-20 Westchester Ave & 3331-35 Hull Ave. Property will be delivered Vacant. From Business: SP+ Parking operates more than 4,200 parking facilities with over 2. 795 E 161st St, Bronx, NY 10456. Condo/Townhouse For Sale. Register to view full details Get Details. 549. 5 ft. Properties will be delivered vacant and can be sold individu Vernise Cardillo, John Lajara & Steven Padernacht have been This property is vacant in a high demand area. Restricted Address 1611 Melville Street Bronx NyBronx, NY 10460. close. 5999 for listings, today. Additionally, a land bank could be used to secure title to hundreds of persistently tax-delinquent, underutilized properties (defined as vacant land or parking lots) throughout the five Search the most complete 10465, real estate listings for sale. Page 4. 1-268-481-4200. Oct 26, 2021 · A notorious juvenile jail facility in Hunts Point, the Bronx will be redeveloped into an affordable mixed-use live-work complex called The Peninsula by 2024. We buy land in New York City, including the Bronx, Manhattan, Brooklyn, Queens, and Staten Island. 2071 Bogart Ave, Bronx, NY 10462. Directory of Bronx Community Boards Community Board 1. 0 bath / 2,240 sqft. favorite this post Oct 11. The street has newly constructed buildings. There are no renderings or architectural plans for this site. Dec 09, 2020 · Empty lot (55' x 115') zoned R7-1 at 368 East 152nd Street, a quiet street in the Melrose neighborhood of the South Bronx. With Saved Search, You will receive an email notification whenever someone posts a new property that matches your saved search criteria. Website. 3 Search 10459 vacant lots and land for sale in Bronx, NY to find that buildable, empty lot for sale for your next real estate development. Barnabas Hospital. 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Commercial Office Space for Lease and Rent in Manhattan and NYC

Find the perfect Commercial Office Space Space for Rent in NYC with Metro Manhattan! Browse our commercial space listings: Office Space, Loft Space, Retail Space, Law Firm Space, Medical Space, Life Sciences and Biotech Space, Startup Office Space or Sublet Space.

The first office buildings in New York City were built as early as the mid-1800’s. By the year 1870, seven to ten story buildings with elevators had started to appear. New York’s long history means that today’s commercial office space market is complex and mature. Whether you are a new or experienced tenant, you will undoubtedly benefit from the experience of a commercial realtor to help fulfill your requirements while avoiding pitfalls, wasted time and financial losses. Metro Manhattan Office Space is ready to assist you with your search for office space.

For over 17 years, Metro Manhattan Office Space has successfully negotiated many hundreds of leases for office space in New York City. Make use of our knowledge of the available listings, landlords and buildings, and take advantage of record low square footage costs in 2021 by securing a highly favorable long-term lease to reduce your business’s long-term real estate costs. Browse our listings or call us for access to thousands of properties not currently listed on our site:(212) 444-2241

What kind of commercial office space do you need?

  • Financial services firms value traditional office space in Class-A buildings with a full range of amenities
  • Accounting firms often lease conservative office intensive space with drop ceilings
  • Advertising and PR agencies prefer loft space with high ceilings, style and an abundance of natural light
  • Legal services firms prefer office intensive space that can be at any location, with many preferring to be downtown near to City Hall and the court-houses. They require private offices for partners and associates and conference rooms for meetings as well as open areas for paralegals.
  • Tech firms prefer hip and stylish commercial loft space in former factory buildings and warehouses. Midtown South is a popular area for tech companies, dubbed the “Silicon Valley” of Manhattan
  • Medical facilities prefer spaces in safe neighborhoods within clean, well-kept buildings that make their clients feel comfortable. Many physicians and healthcare providers lease or purchase office space near major hospitals such as Mount Sinai or New York Presbyterian located on the Upper East Side.

Current Average Office Space Leasing Costs in Manhattan

(Updated November 2021)

Class A Buildings: $45 to $130 per square foot
Class B Buildings: $33 to $80 per square foot
Class C Buildings: $26 to $55 per square foot

Common Tenant Considerations for Commercial Space

  • Location, proximity to primary clients
  • Ability to expand within building
  • Access to public transportation for employees
  • Building amenities (gyms, waiting areas, bathrooms, shops etc)
  • Telecommunications (fiber internet access, VoIP, 4G/5G cellular availability etc.)
  • Nearby parking facilities
  • Building security
  • Visibility and style
  • Neighboring tenants
  • Office space buildout, signage and other customizations
  • Favorable long-term lease terms
  • Overall leasing costs

Leasing Commercial Office Space in Manhattan is a Nuanced Process

Landlords often offer “Prebuilt Space”. Prebuilt space is built to generic layouts that are commonly in demand. Offices are built, painted, electrical distribution is installed and floor treatment is performed. Tenants looking for more upscale space can locate excellent prebuilt space in Class A and B buildings.

Unlike residential properties that are often move-in ready, most commercial office space in Manhattan typically requires modification. This can include new flooring, painting, cleaning, lighting, constructing offices, conference rooms etc. This is called a “buildout”. In many cases, the landlord will invest their own funds to renovate the space for your tenancy. As part of the buildout process, landlords will often provide architectural planning and file for construction permits on behalf of the tenant.

Typically, renovations/buildout would be required if:

  • Space is offered in “white box” condition and needs to be built from scratch.
  • Space is a second or third generation buildout and needs modifications (for example, small adjacent offices needing to be combined into larger executive offices, or a large open area being divided into small offices).
  • Space is a second or third generation office that needs cosmetic work such as paint and in some cases, carpet.

Landlords generally offer a “tenant improvement allowance” or “TI”. The amount offered is based on the length of the lease. Longer leases warrant larger TI allowances. When landlords build on behalf of a tenant, they provide TI and will build to a maximum cost (cap). If the cost of the work exceeds the cap, the tenant pays the difference.

The involvement of a commercial realtor from Metro Manhattan Office Space provides you with leverage, allowing you to compare multiple properties and offerings from landlords – letting you select the most beneficial and cost-effective option. We strive to obtain the maximum buildout allowance from landlords for the tenants we represent. This is a nuanced process of give-and-take, with many factors involved. Our input will help you avoid a situation where an overly unyielding landlord forces you into a costly arrangement that results in financial losses, wasted time and other long-term problems for your business.

Do Commercial Tenants Pay Property Taxes in NYC?

See our video with extra tips on this subject. New York City commercial tenants usually pay their proportionate share of real estate tax increases over base year. Occasionally, it is possible to “negotiate out” liability for real estate taxes if the tenant is willing to pay a greater annual rent escalation. Note that real estate tax increases occur at an uneven rate.

Ready to get help?

Talking to us will give you new insights. Our job is to protect your interests and save you money. Call us at (212) 444-2241 and make use of our 17 years of specialized commercial real estate experience in Manhattan.

New York Office Building “Classes”

Regardless of whether you need traditional office space, an open plan commercial loft or a short-term executive office suite, it is helpful to understand the differences between “A”, “B” or “C” office buildings:

Class A Buildings: Prestigious and Luxurious

  • Lobbies attended by staff 24/7
  • Air-conditioned lobbies and common areas
  • Property management on premises
  • High level of capital improvements
  • Cleaning services included in the base rents
  • Advanced fire alarm and security systems

Class B Buildings: Affordable & Functional

  • Traditional lobbies and corridors
  • 24/7 tenant access
  • Attended lobbies, mostly during business hours

Class C Buildings: Bare Bones and Cost Effective

Class C buildings offer the most affordable NYC office space for lease. They are usually former warehouse commercial property for sale in new york manufacturing buildings converted to office use. In some cases attended, the lobbies may range from nice and acceptable to bare bones and functional. Class C buildings are great for start-ups that are seeking an inexpensive office space to lease in NYC.

Frequently Asked Questions

How do you lease office space in Manhattan and NYC?

You lease office space in Manhattan and NYC by calling an office space rental agency and asking them to show you worthwhile space based on your parameters and budget. Once you choose a space, your broker will help you submit offers on spaces that you like and complete the leasing process once your offer is accepted.

What is the average price per square foot in Manhattan and NYC?

The average price per square foot in Manhattan is $50.

How much should a business pay for office space rent?

A business should never pay more than 33% of their gross revenue for rent.

What is the average commercial rent increase per year?

Average commercial rent increases are 2.5% per year.

How long is the average commercial lease?

The average commercial lease is 5 years.

How much does it cost to rent a co-working space in Manhattan and NYC?

It costs as little as $150 a month to rent a co-working space in Manhattan.

How do you negotiate with a commercial landlord?

You negotiate with a commercial landlord by submitting formal offers and counter offers detailing proposed business terms.

Who are the biggest landlords in Manhattan and NYC?

The biggest landlords in New York City are SL Green Realty Trust, Vornado Realty Trust, Brookfield properties, and Tishman Spire.


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Empty lots for sale in the bronx

empty lots for sale in the bronx StatusActive. You can also look up nearby land for sale. This particular area of the rezoning area is a separate special district called the Special Harlem River Waterfront District (aka SHRWD) that was rezoned and designed to provide better access to Given that there are about 1. See photos and more. View listing photos, nearby sales and find the perfect plot of land for sale in Bronx, NY STORAGE SPACE. Vacant Land for Sale. 6955 Turtlewood Drive S #109, Houston, TX 77072. 82,000 sf warehouse for sale located in lower westchester-bronx border. 06 Acre(s). Bronx, NY Price available upon request. Bank Foreclosures Sale is a leading online foreclosure listings service that provides information and advice to real estate investors of all skill levels: from beginners to experienced veterans, and everyone in between. 32 Pine Ridge Rd, Larchmont, NY 10538. Seven 421a Tax Abated Bronx Buildings Two groups of contiguous buildings 56 units Great locations near shopping and transportation) For Sale. Easy and free search for Bronx County, NY land lots, homesites and development land for new homes. Edit Search Criteria Receive free search updates. 1285 Oak Point Ave - Hunts Point. Three blocks from Bronx HUB and subway station with #2, #5 trains (at 149th street and 3rd Ave. Multi-family (2-4 units) Rent To Own. Sort: Just For You NEW - 2 DAYS AGO. 74 on the as-of-right and 4. Ngoc-Cindie Huynh with B & W Realty Group LLC. 1 Full & 1 Half Bath (s) 1 Parking. Bronx homes for sale range from $199K - $450K with the avg price of a 2-bed land home of $325K. height to deck 12. May 22, 2020 · Marco Lala and his team at RM Friedland again brokered the sale of 3165, 3167 & 3169 Villa Avenue to UA Builders. Exclusive Morris Park vacant lot, Block 4059 Lot 32 is legally zoned as a R4. Contact Details. 3 million sale-leaseback of 12 Pay-O-Matic (POM) locations located in Manhattan, Brooklyn, Queens and the Bronx. Tell Us What You're Looking For. Columbia. width (2) Single Family Home for sale in Bronx, NY for $899,000 with 8 bedrooms and 5 full baths. The Hub, Bronx. Listing 2 of 28 Land for sale in Bronx Vacant Land for Sale. 3 Beds. LISTING BY: WINZONE REALTY INC (718-676-6611) $649,000. The rezoning is bringing more than $189 million in capital projects and services to the Bronx neighborhood in new and improved parks and playgrounds 306 E Mosholu is a pre-war Art Deco-style gem in the Bedford Park neighborhood of Commercial property for sale in new york Bronx. GOWANUS — The neighborhood's potential for residential development helped drive the recent record-setting sale of an empty lot steps from the Gowanus Canal There are 95 new home developments in The Bronx, a mix of high-rise and low-rise that are planned, under construction or recently completed. Bronx, NY land for sale. Find 10472, homes for sale, real estate, apartments, condos, townhomes, mobile homes, multi-family units, farm and land lots with RE/MAX's powerful search tools. View photos, research land, search and filter more than 24 listings

New York City’s small businesses are facing a pandemic-altered commercial real estate landscape 

As the COVID-19 pandemic has turned New York City’s commercial retail landscape on its side, the city’s small businesses have faced an exceptionally challenging 2021 thus far. International visitor traffic is almost nonexistent, domestic tourism is lagging behind pre-pandemic numbers, and the majority of office workers have yet to return to the workplace. In light of New York City’s famously high rents and operating costs, small-business owners have always faced an uphill climb toward profitability, but the pandemic has likely forever changed the retail landscape. 

Among the organizations ringing a cautiously optimistic note about brick and mortar is CBRE, the world’s largest commercial real-estate firm. According to its second-quarter Manhattan retail market report, warm weather and loosened restrictions were renewing confidence and demand for retail.

“The retail climate has improved noticeably as New Yorkers have gotten vaccinated and stepped back to their normal lives,” said Nicole LaRusso, CBRE’s senior director of research and analysis. “For NYC retailers, especially those in the heart of Midtown and Downtown business districts, demand is improving but there is still a way to go before things feel ‘normal’ again.”

The CBRE data on rents show some variation across the city, noting that across the board, landlords are much more negotiable, with deals being closed for considerably less than the asking rent — 14% on average. 

“Landlords are giving generous concessions in the form of tenant improvement allowances and free rent periods,” LaRusso explained. “This is resulting in reduced returns for landlords, but it’s a great opportunity for tenants who want to enter into long-term leases.”

The CBRE report notes that leasing, asking rents and available space across New York City are still off from pre-pandemic levels; leasing velocity in Manhattan decelerated in the second quarter, marking eight consecutive quarters of decline. Additionally, the number of direct, ground-floor availabilities in the second quarter increased to 290 spaces from 275 in the first quarter in the 16 prime retail corridors tracked by CBRE. The average retail asking rent in Manhattan’s prime 16 retail corridors dropped 10.7% year over year and 0.6% quarter over quarter to $615 per square foot in the second quarter, marking the 15th consecutive quarterly decrease.

But there have been some signs of hope. As an example of a notable recent retail opening, CBRE points to Harry Potter New York, a 20,000-square-foot, three-story flagship that opened in early June at 935 Broadway in the Flatiron/Union Square neighborhood. (The shop includes 15 distinct areas as well as various handcrafted exhibits and unique experiences.)

CBRE also points to a handful of high-wattage imports — including the British jewelry brand Vashi, French fashion brand Ami, and Canadian winter coat purveyor Kanuk — having signed new leases for their first New York City locations as a vote of confidence in the city and its recovery. 

Ongoing declines in retail rents are creating new opportunities and helping to drive market activity, according to a recent report by the Real Estate Board of New York (REBNY), the city’s leading real estate trade association. The June report revealed that asking retail rents throughout Manhattan have declined in 16 of the 17 reported corridors, as the market continues to adjust more than a year after the COVID-19 pandemic first hit New York City. In Manhattan, the average asking price per square foot throughout Manhattan’s retail corridors fell by as much as 37% year over year, according to REBNY’s spring report. Corridors located in neighborhoods with strong residential bases typically have seen less of a decline than those dependent on tourists and office workers. For example, the average asking rent in the Upper East Side has declined 15% since spring 2019, compared to the Madison Avenue and Fifth Avenue corridors which experienced declines of more than 25% during the same time period.

Also on MarketWatch: Delta variant is now in 135 countries, says WHO, as director-general calls for moratorium on boosters to allow poorer countries get first doses

The findings suggested that the current market — with increased availability and reduced leasing costs — presents unique opportunities for both tenants and owners alike. At the same time, the data also indicates the importance of ensuring that office workers return to their workplaces and the city does more to attract tourists back to New York to generate foot traffic that supports retail businesses. 

REBNY’s most recent broker confidence index, for the first quarter, found that broker confidence was 53% higher than the previous quarter, with a confidence in the future that was at its highest level since the 2015’s third quarter, signaling that brokers have renewed optimism about the market’s trajectory and the industry’s recovery. 

“Our upcoming broker confidence index will show that broker confidence rose to record levels during the second quarter of 2021, attaining new peaks in both residential and commercial sectors,” explains Zach Steinberg, senior vice president of policy, REBNY. “While optimism has surged, this burst of confidence could be short-lived if several key milestones — Broadway reopening, a surge in returning office workers, and gradual rebound in international tourists — are not achieved in the fall.”

When seen alongside the recent retail rent data, as well as the many positive signs around economic recovery, one can see that brokers, particularly in the commercial market, are both seeing more activity and expecting to see even more deals being struck as the year goes on.

“Brokers in Brooklyn note that prime corner spaces on streets like Franklin Avenue Prospect Heights are seeing multiple bids as tenants snare locations that are rarely available,” Steinberg said. “Rent is still below its pre-pandemic levels, but retailers should not assume that they can capture the double-digit discounts of late 2020. Landlords and retailers are both showing some flexibility — many landlords are willing to sign shorter lease terms but are understandably concerned about the stability of the tenant.”

Ari Harkov, a Manhattan-based real-estate broker, has seen a sea change take place across the city’s retail landscape over the past few years.

“In 2019, NYC was riding high from an economic perspective and many small businesses were struggling to keep up with rising rents and operating expenses,” Harkov said. “Now, the city is in a much more positive place than it was a year ago and a drop in rents has allowed some small businesses to take a chance and open in areas where it would have been economically impossible just two years ago.”

Harkov, like most industry experts and small-business owners, is pinning his hopes on September, with a huge shift in foot traffic expected due to residents returning from pandemic-inspired temporary moves outside the city and commuters returning to offices in the biggest push since the start of the pandemic.

“I don’t think anyone is expecting a 100% return to February 2020 levels, but we’re all hoping for maybe 50-65% of where we were pre-pandemic, which would be a huge shift from the 20% or so we’re at now,” Harkov said. “There is no way to sugar coat it. Retail in residential neighborhoods where people make their homes has done reasonably well, but retail in commercial and tourist neighborhoods has been decimated.”

Also read:New York icon Ian Schrager has seen the high-end hotel future: We’re carrying our own bags

Mirroring those thoughts is the veteran restaurateur Gianfranco Sorrentino, managing partner of Il Gattopardo Group and president of Gruppo Italiano. 

“I am in the hospitality business, and as such, it has been an industry simply decimated by the pandemic,” says Sorrentino, whose experiences show that the real-estate market has resumed some of its less forgiving practices.

“With business coming back to New York City, we have seen many of the appealing and enticing offers that were once available during the pandemic already have disappeared,” says Sorrentino, who owns three restaurants in Manhattan. “For a while you did not have to pay brokers, no extensive deposits and fair rent. Now, all [enticements] are gone.”

Small-business owners, lacking the financial backing and resources enjoyed by the corporate chains and conglomerates that can better handle such uncertainty, have been largely left to fend for themselves, navigating a web of federal and local resources.

In June, Mayor Bill de Blasio and the NYC Department of Small Business Services (SBS) launched an $11 million initiative to support small businesses. Billed as a concierge service, the so-called Quick Start program has been designed to eliminate red tape, with an aim to make New York City among the easiest places in the country to open or reopen a small business.  

“This program will give business owners all the tools they need to run their businesses smoothly and build a recovery for all of us,” said de Blasio in a statement announcing the program.

An estimated 50,000 small businesses are expected to benefit from the Quick Start program, a collaboration between 100 city personnel across a host of agencies.

From the onset of the pandemic last year, SBS launched 35 programs and initiatives — including the distribution of more than $63 million through five grant and two loan programs — to help reopen businesses and provide the necessary guidance and support. Since the start of the pandemic, the department has helped 4,200 businesses apply for approximately $305 million in SBA Paycheck Protection Program (PPP) loans, and has connected around 5,000 businesses to more than $156 million in local, state, federal, and philanthropic funding, according to data provided by SBS. 

Also see:Little by little, New York City workers are heading back to the office

And this support could prove to be crucial. According to a study by The Partnership for New York City in July 2020, commercial property for sale in new york many as a third of the 230,000 small businesses that populate the city’s neighborhood commercial corridors may never reopen.

“New York City entrepreneurs are the heartbeat of our city and the most resilient business owners in the world. We have devoted every resource at our disposal to ensure their survival and an equitable recovery over the last year, including financial support and the direct delivery of services to business owners in over 100 commercial districts,” said Jonnel Doris, SBS Commissioner. “The city’s business community has a history of rebounding from health and economic challenges, and we expect a full recovery as we continue to see new businesses opening across the city, vaccinations climbing and workers returning to offices.”

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