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31 Park Row

Financial District, New York, NY
Floors
5
Total Size
28,127 sqft
Lot Size
0 acres
Year Constructed
1909
Year Renovated
0
Number of Buildings
1

About 31 Park Row

Situated just two blocks from the World Trade Center and a short walk from subway access points, the commercial building at 31 Park Row in New York's Financial District will suit retailers and companies hoping to rent office space on a short-term lease basis.

Close to Pace University and sitting just across from City Hall, the area surrounding 31 Park Row is one of Manhattan's busiest retail corridors and is currently seeing multiple development projects, which plan to cater for the increased retail demand in New York's Financial District.

Boasting highly visible 48' of frontage along Park Row, the property at 31 Park Row offers New York's retailers and office-based tenants full floor opportunities, but subdivisions are also permitted. A typical floor space comprises of 4,700 to 5,000 square feet.

Commuters have access to subway trains 2, 3, 4, 5, 6, A, C, J and R within a 12 minute walk, for this property is within close proximity of two subway stations, which explains the high percentage of pedestrian traffic in this area.

The former J&R Music and Computer World store and warehouse at 31 Park Row in New York boasts a brown brick facade with an all-glass storefront.

Internet Providers for 31 Park Row

Provider Technology Max Download Speed Max Upload Speed
Verizon New York Fiber
1 Gb/s
25 Mb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s

The Neighborhood: Financial District

The typical asking rate per listing is in the $60's per square foot per year. The Financial District region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.

Compared to the rest of the New York City market, the Financial District region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.

Median Rate Median Size
Financial District $65
/sqft/yr
5,000
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,310
sqft

Median Rate over Time in Financial District