Commercial Condo Listings
Office condominiums and cooperatives represent only 2% of the 560 million-square-foot office market in New York City.
There are 99 office condominium buildings in Manhattan, totaling 10.7 million square feet.
Benefits of Ownership
Market offices lease rates far exceed the annual office and cooperative condominium carrying costs, which include common charges, real estate taxes and if applicable, mortgage payments.
Attractive Financing Costs
Interest rates remain very low, and borrowers can often find loans as high as 90% loan-to-value, including construction costs.
Building and furnishing an office can be an expensive significant capital outlay. If you have to move or cannot renew those costs are lost. By owning you doing have to worry and these improvements add value to your real estate investment.
Stabilized Occupancy Costs
Office condominium and cooperative owners are insulated from the escalating and unpredictable costs market rents in office space. Office condominium occupancy costs are stable and predictable,. Rental office tenants are subject to the fluctuations of the leasing market and whims of landlords.
investors seek. Stable, predictable investment vehicles such as income-producing office condominium unit.
70+ Different Providers
700+ locations in NYC
Let Optimal find the best space and best deal for you.
Great results and proven track record.