NYC Commercial Condos

Search the most recent condo inventory available for sale in New York City. Our featured listings offer you complete market insight towards purchasing your commercial real estate, all the data together in one place for both buyers and sellers.

For further information about specific commercial spaces and buildings in Manhattan, call Prime Manhattan Realty at (212) 268-8043. We will find the perfect space for your needs at no fee to you! We will help to negotiate you an ideal purchase that will save you time and money.

Commercial Condo Listings

Office condominiums exist in nearly every market in the US and are particularly prevalent in Europe and Asia. However, In New York City. Office condominiums represent only 2% of the 560 million-square-foot office market.

There are 99 office condominium buildings in Manhattan, totaling 10.7 million square feet.

Benefits of Ownership

Significant Savings
The annual cost of office condominium ownership is historically less than the cost of leasing. Current market lease rates far exceed the annual office condominium carrying costs, which include common charges, real estate taxes and if applicable, mortgage payments.

Attractive Financing Costs
There are a variety of financing options that make owning an office condominium more affordable for businesses and non-profit organizations. Interest rates remain very low, and borrowers can often find loans as high as 90% loan-to-value, including construction costs.

Real Estate Tax Exemption
Not for profit and and government organizations are exempt from paying real estate taxes when they own and occupy an office condominium.

Permanent Upgrades
From office furniture to glass conference rooms, designing and building an office space involves significant capital. When a business cannot renew their lease, they lose their investment and have to expend further capital to move and improve elsewhere. By owning office space, a business can justify a higher-end build-out that increases their competitive edge and improves the value of their real estate.

Stabilized Occupancy Costs
Office condominium owners are insulated from the escalating and unpredictable costs of leasing office space. An office condominium owner’s occupancy costs remain stable and predictable, allowing for precise operating expense projections and easy budgeting, whereas tenants leasing office space are subject to the fluctuations of the leasing market and whims of landlords who may have conflicting objectives.

Investors

investors seek. Stable, predictable investment vehicles such as income-producing office condominium unit.