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25 E 21st St 4,500 SF Office Condo Unit Offered at $4,150,000 in New York, NY 10010
Investment Highlights
- Full-floor commercial condominium with approximately 4,500 RSF in the Flatiron District.
- Features include full floor identity, passenger and freight elevators, wet pantry, and two private restrooms.
- Flexible layout suitable for showroom, creative office, wellness, or fitness use.
- Prime location near Gramercy and Madison Square Parks, with excellent transit connectivity.
Executive Summary
25 East 21st Street presents a rare opportunity to acquire a full-floor commercial office condominium in the vibrant Flatiron District of Manhattan. Located between Broadway and Park Avenue South, this 2nd-floor loft space combines classic architectural character with modern adaptability, offering an ideal setting for a variety of professional and creative uses. Key property enhancements include passenger and freight elevators for easy access, two private restrooms, and a wet pantry for convenience. The location delivers unparalleled connectivity and neighborhood amenities, just steps from Madison Square and Gramercy Parks, surrounded by premier dining, retail, and cultural attractions. Position your business in a hub of innovation and commerce with ownership benefits that secure long-term value and independence from rising rental costs. This offering provides immediate functionality and lasting appeal in one of New York City’s most iconic districts.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
Description
The column-free layout, expansive 44' x 100' floor plan, and soaring 13-foot ceilings create a bright, open environment with oversized windows that flood the space with natural light. Designed to accommodate a wide range of uses, this property can function as a showroom, creative office, media studio, wellness center, or fitness space. Legal office/residential use combined with its potential for a work-live conversion further expands the opportunities for future adaptability.
Full floor identity, private restrooms, and a wet pantry provide convenience and privacy, while passenger and freight elevators support operational efficiency. Located just a five-minute walk from both Gramercy and Madison Square Parks, the property is surrounded by premier dining, retail, and cultural amenities, with easy access to major subway and transit lines, linking all of Manhattan.
Full floor identity, private restrooms, and a wet pantry provide convenience and privacy, while passenger and freight elevators support operational efficiency. Located just a five-minute walk from both Gramercy and Madison Square Parks, the property is surrounded by premier dining, retail, and cultural amenities, with easy access to major subway and transit lines, linking all of Manhattan.
Sale Notes
Position your business in the heart of the Flatiron District with this full-floor commercial condo at 25 East 21st Street. Offering scale, flexibility, and true ownership in one of Manhattan’s most dynamic neighborhoods.
Set within a classic pre-war loft building, the space features soaring 13-foot ceilings, expansive windows, and strong street presence. The efficient, column-light layout supports a wide range of uses, from showroom and creative office to media studio, wellness, or fitness.
Ownership unlocks long-term advantages, including independence from rising rents, potential tax benefits for non-profits, and the flexibility for work-live conversion.
The 2nd floor opportunity can lend itself to a hybrid retail / showroom use with window branding visible from the street level.
Surrounded by premier amenities, dining, and transit, this is a rare opportunity to secure a versatile space with lasting value, moments from Gramercy Park and Madison Square Park.
Set within a classic pre-war loft building, the space features soaring 13-foot ceilings, expansive windows, and strong street presence. The efficient, column-light layout supports a wide range of uses, from showroom and creative office to media studio, wellness, or fitness.
Ownership unlocks long-term advantages, including independence from rising rents, potential tax benefits for non-profits, and the flexibility for work-live conversion.
The 2nd floor opportunity can lend itself to a hybrid retail / showroom use with window branding visible from the street level.
Surrounded by premier amenities, dining, and transit, this is a rare opportunity to secure a versatile space with lasting value, moments from Gramercy Park and Madison Square Park.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 2nd floor | 4,500 SF | Office | $4,150,000 ($922.22/SF) | - |
Unit 2nd floor
| Unit Size |
| 4,500 SF |
| Condo Use |
| Office |
| Price |
| $4,150,000 ($922.22/SF) |
| NOI |
| - |
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Unit 2nd floor
| Unit Size | 4,500 SF |
| Condo Use | Office |
| Price | $4,150,000 ($922.22/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| The column-free layout, expansive 44' x 100' floor plan, and soaring 13-foot ceilings create a bright, open environment with oversized windows that flood the space with natural light. Designed to accommodate a wide range of uses, this property can function as a showroom, creative office, media studio, wellness center, or fitness space. Legal office/residential use combined with its potential for a work-live conversion further expands the opportunities for future adaptability.<br> <br> Full floor identity, private restrooms, and a wet pantry provide convenience and privacy, while passenger and freight elevators support operational efficiency. Located just a five-minute walk from both Gramercy and Madison Square Parks, the property is surrounded by premier dining, retail, and cultural amenities, with easy access to major subway and transit lines, linking all of Manhattan.</li></ul> | |
| Sale Notes | |
| Position your business in the heart of the Flatiron District with this full-floor commercial condo at 25 East 21st Street. Offering scale, flexibility, and true ownership in one of Manhattan’s most dynamic neighborhoods.<br> <br> Set within a classic pre-war loft building, the space features soaring 13-foot ceilings, expansive windows, and strong street presence. The efficient, column-light layout supports a wide range of uses, from showroom and creative office to media studio, wellness, or fitness.<br> <br> Ownership unlocks long-term advantages, including independence from rising rents, potential tax benefits for non-profits, and the flexibility for work-live conversion.<br> <br> The 2nd floor opportunity can lend itself to a hybrid retail / showroom use with window branding visible from the street level.<br> <br> Surrounded by premier amenities, dining, and transit, this is a rare opportunity to secure a versatile space with lasting value, moments from Gramercy Park and Madison Square Park.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 42,544 SF | Floors | 9 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 4,356 SF |
| Property Subtype | Apartment | Year Built | 1904 |
| Building Class | B | Lot Size | 0.10 AC |
| Zoning | M1-5M - Light industrial with offices, hotels, and most retail uses permitted. | ||
| Total Building Size | 42,544 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 9 |
| Typical Floor Size | 4,356 SF |
| Year Built | 1904 |
| Lot Size | 0.10 AC |
| Zoning | M1-5M - Light industrial with offices, hotels, and most retail uses permitted. |
Amenities
Site Amenities
- 24 Hour Access
- Concierge
- Laundry Facilities
- Doorman
- Package Service
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 11 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100
Contacts
-
Louis Puopolo -
Alex Furst -
Kristin Irwin -
Douglas Elliman Commercial Real Estate
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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25 E 21st St
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