37 East 18th Street Listing Details & Market Data

Strategically situated, 37 East 18th Street benefits from its prime location in a high-demand area. Close to Union Square, it offers exceptional city-wide connectivity, with eight major subway lines including the 4 5 6 L N Q R W. Furthermore, major transportation hubs including Grand Central Station, Penn Station, and the PATH train are all obtainable within a 10-15 minute commute. Located in the Ladies’ Mile Historic District, located at the nexus of prime Manhattan neighborhoods including Union Square, Chelsea, and Flatiron, promises a perfect mix of business and leisure, surrounded by schools, parks, and eateries. This area, home to major tech corporations, has earned the nickname “Silicon Alley” for its prominence in the tech sector.BKREA has been retained to sell the 100% fee simple interest in the property at 37 East 18th Street. This remarkable 77,500 rentable square foot, 10-floor office building is just around the corner from Union Square Park, in Manhattan’s Flatiron District. The building features an impressive 75-foot frontage on East 18th Street’s north side, between Broadway and Park Avenue South, and sits on a 6,899 square foot lot. This property offers a distinctive chance for investors to secure an asset with an appealing current cash flow and potential for additional revenue by leasing the vacant spaces. Additionally, the current vacancies enable a user to occupy a significant portion of the building, leveraging ownership benefits. Notably, four of the top five floors are unoccupied, with the fifth lease ending in early 2028, enabling a new occupant to use most of the upper section while enjoying income from leased lower floors. Furthermore, there is a possibility for a residential conversion, for more details please contact us.