Assumable Financing | 20 W 37th St
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Assumable Financing 20 W 37th St
82,350 SF 79% Leased Office Building New York, NY 10018 For Sale
Investment Highlights
- Proximity to one of New York City’s premier transit hubs: Grand Central Terminal
- Value-add office asset ideally located in the heart of Midtown
Executive Summary
Lee & Associates NYC is pleased to exclusively offer for sale the office building located at 20 West 37th Street, New York, NY 10018. (the “Property”). Situated in the heart of Midtown Manhattan, the Property is at the vortex of some of New York City’s main transportation arteries including Bryant Park, Grand Central Station, and Penn Station. The current layout includes basement, ground and mezzanine level retail space, delivered vacant, with 11 floors of office space above featuring four current tenants on single floors. The Property features an assumable loan with a maturity of January 10, 2027 at an interest rate of approximately 4.7%. 20 West 37th Street represents the opportunity for an investor to own a mixed-use asset in a prime submarket of Manhattan at below replacement cost with in-place financing at an extremely competitive rate, or offers a potential user the opportunity for a New York City flagship location.
Near-term vacancies ideal for immediate renovation and rapid execution of planned capital improvements
Floor plan allows for easily divisible spaces to serve a wide range of tenant needs
Immediate vacancy allows for users to capitalize on owner-occupying space
Near-term vacancies ideal for immediate renovation and rapid execution of planned capital improvements
Floor plan allows for easily divisible spaces to serve a wide range of tenant needs
Immediate vacancy allows for users to capitalize on owner-occupying space
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Office
Building Size
82,350 SF
Building Class
B
Year Built/Renovated
1912/2010
Percent Leased
79%
Tenancy
Multiple
Number of Floors
12
Typical Floor Size
6,863 SF
Slab to Slab
11 ft
Building FAR
12.60
Lot Size
0.15 AC
Zoning
M1-6 - Light industrial with offices, hotels, and most retail uses permitted
Amenities
- 24 Hour Access
- Bus Route
- Public Transport
- Plug & Play
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- Ground
- 10,250 SF
- Office
- Full Build-Out
- Now
6,750 SF available
6,750 SF available
| Space | Size | Space Use | Condition | Available |
| Ground | 10,250 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste Entire Fl | 6,750 SF | Office | Partial Build-Out | 30 Days |
| 11th Fl-Ste Entire Fl | 6,750 SF | Office | Partial Build-Out | Now |
Ground
| Size |
| 10,250 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste Entire Fl
| Size |
| 6,750 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| 30 Days |
11th Fl-Ste Entire Fl
| Size |
| 6,750 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
5th Fl-Ste Entire Fl
| Size | 6,750 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | 30 Days |
6,750 SF available
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
11th Fl-Ste Entire Fl
| Size | 6,750 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
6,750 SF available
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Walk Score ®
Walker's Paradise (98)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 0838-0062 | Improvements Assessment | £3,248,498 |
| Land Assessment | £1,721,781 | Total Assessment | £4,970,279 |
PROPERTY TAXES
Parcel Number
0838-0062
Land Assessment
£1,721,781
Improvements Assessment
£3,248,498
Total Assessment
£4,970,279
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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Assumable Financing | 20 W 37th St
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