The RPG Newsletter · Summer 2025

First-Time Availability: Iconic Office Spaces

Three distinctive office condominiums are now available for purchase. These are not standard office spaces. Each one is unique, often historic, and has been owned and occupied by the same organization for decades.

They are coming to market because those organizations no longer need them, not because of financial distress.

Spaces like these almost never become available. They have character, long-term value, and are located in some of the city's most desirable areas. With prices now reset after years of growth, this is a rare chance to purchase high-quality space at a more accessible level.

207 West 25th Street

A Building-Within-A-Building Condo in the Heart of Chelsea.

Details: 20,464 RSF across two full floors with 17-foot ceilings, exposed brick, oversized windows, and a private street-level entrance. Well suited for a creative firm, design studio, or company looking for distinctive space with strong identity.

Pricing: $1,200/RSF (Ground Floor) $875/RSF (2nd Floor)

Total Asking Price: $20.18 million

Standout Advantage: Street-level exposure, high ceilings, and full-floor layouts within a larger building—offering privacy, and architectural character in a prime Chelsea location.

936 Broadway – Flatiron

Corner Presence Facing the Flatiron Building.

Details: 18,500 RSF acroas two floors on Broadway and 22nd Street, facing the Flatiron Building. Restored interiors with arched brick, massive windows, and exceptional ceiling heights.

Pricing: $757/RSF

Total Asking Price: $14M

Standout Advantage: An irreplaceable corner location with architectural soul, steps from Madison Square Park, surrounded by dining, retail and luxury residential developments, making it an attractive place to work and invest.

1619 Broadway – The Brill Building

Cultural Landmark. Move-In Ready. For Sale.

Details: Three full floors available — 16,700 RSF each — in the iconic Brill Building, once the epicenter of American music. Beautifully restored with modern upgrades, while preserving its historic character.

Pricing: $500/RSF

Total Asking Price: $25M

Standout Advantage: Midtown legacy space that blends cultural history with turnkey readiness. The chance to own a piece of New York's storied history — and make it your own.

Market Shift

This is a unique moment in the market. Not because values have collapsed, but because companies that once needed to own no longer do. Their change in strategy is opening a path for new owners to step in.

If you're ready to stop leasing generic space and start owning something with permanence and personality, these properties deserve a closer look. Office condominiums like these rarely hit the market.