99 Park - office in New York, NY
Office

99 Park

99 park ave new york, ny, 10016, new york, NY 10016

Price

Price on request

Description

Now available for lease, office 99 Park located at 99 Park Ave New York, New York 10016. Available square footage 2,116 - 31,663 SF.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

99 park ave new york, ny, 10016, new york, NY 10016

Marker
Leaflet © OpenStreetMap contributors

Market Context

As of Q1 2026, the New York City Area office market showed average asking rents near $45.36/SF/yr. Source: CBRE Q1 2026 market report.

Projected current pricing

low confidence
Projected asking rent
$45.36/SF/yr
Estimated sale value
$464–$603/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 CBRE data (cap rate 4.5%, asking rent held flat).

View the full New York City Area Office market report →

Compare it against other office listings for sale in New York, NY to benchmark pricing and space — view the full market.

Unified Estimate

Medium Confidence
$543.58/SF-$735.44/SF
Mid: $639.51/SF

Rate estimator only; cost-of-business estimate unavailable.

Sale Price History

2025 – 2026 · county sold comps + market trendsFIPS 36081

Medium Confidence
  • Avg Rent ($/SF/yr) (market data)
  • Median $/SF (sold)
  • Vacancy %
Q2 '16Q3 '19Q4 '20Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26$0$350$700$1050$14000%10%20%30%40%
Market asking rent (quarterly avg)Median sale price / SFVacancy rate (right axis)P25–P75 IQR band

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Financing Assumptions

Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.

Market Employment Trend

YoY Growth:+0.2%
Avg Weekly Wage:$2,004

December 2025 • Source: BLS QCEW

Economic Indicators

30-Yr Mortgage:6.47%
CPI Inflation (YoY):4.2%

Source: FRED

Market Demographics

Census ACS 2024
Population1,629,477
Median Income$104k↑ 39%
College Educated52.9%↑ 19.5pp
Median Age38.9 yrs
Median Home Value$1091k
Unemployment7.6%↑ 4.0pp

2024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau

Sold Comps

Q1 2026
Median $/SF$529
Avg $/SF$699
25th–75th Percentile$176 – $951
Sample Size55 transactions
CountyNew York

Sold median $529/SF is 330.7% above asking avg $123/SF

Source: nyc_rolling_sales · County FIPS: 36061

Assumptions
  • Interest rate: 6.47% (FRED live)
  • Loan term: 25 years
  • Down payment: 25.0%
  • Market comparison: office in new york, NY

More Office for Sale in New York, NY(5)

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Listed by

JLL