Monday September 21, 2020

118 E. 25th St. 4810 SF. Sale Office Space

Flatiron District

LISTING DETAILS FOR 118 E. 25th St. 4810 SF. Sale Office Space

Unit Size 4810 SQ. FT
Type Sale
Price $4,450,000

DESCRIPTION

Flatiron commercial loft coop spanning 4,772 RSF now for sale.

Create your own space within this live work opportunity; this coop awaits the right tenant owner to occupy this fantastic flexible space. This full floor unit is currently occupied by a venture capital media company and used as office space, but will be delivered vacant. There are several private offices, conference rooms, a large common space, some individual work stations plus bath and kitchen facilities. This loft space features polished hardwood floors, exposed brick accents, 12′ high exposed beamed ceilings, and a freight elevator that opens directly onto the space. Being situated on the 8th floor the coop also enjoys the benefit of oversized windows that offer North, South, and East open views. all of which blend together to offer the space good sunlit exposure throughout the working day.

The C of O is for commercial use, however, the ability to convert the loft to residential use (residential C of O) is as-of-right, and the majority of floors in the building have already been converted to residential. This commercial use coop represents a rare opportunity to capture such a large, minimally obstructed space in the heart of Manhattan. The building has a newly renovated lobby and a full time superintendent. This unit is part of a well-run cooperative of creative and professional shareholders.

The low maintenance & taxes of $4,279 per month, makes this a most desirable purchase & investment. There is a flip tax on the purchase paid by the seller, and financing is allowed up to 75% of the purchase price. Please note this commercial space does allow for a live-work loft. This would make a great office space for any creative users – such as architectural, advertising, arts, film, publishing, R&D, software development, etc.

Located between between Park Avenue South and Lexington just steps away from the Flatiron, Madison Square Park, Eataly, Union Square and the N,R,4,5 & 6 subway lines.
The building was first built in 1912 and has 12 floors and a total of 13 units and today stands as a very-well-established high-end coop Loft Building.

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