Financial

• Monthly rent: $3,000
• Annual rent: $36,000
• Rent per SF/month: $7.50
• Rent per SF/year: $90.00
• Approximate monthly cost per 1,000 SF: $7,500
• Lease length: To be confirmed / negotiable
• Additional charges: To be confirmed

The location is a major strength. 35 Park Avenue is in Murray Hill, offering a professional Park Avenue address with convenient access to Midtown East, NoMad, Grand Central, and the surrounding office and residential population. Public building information identifies 35 Park Avenue as an 18-story, 145-unit cooperative building constructed in 1955.

Transportation is particularly convenient. The 33rd Street 6 train is approximately 0.12 miles away, while Grand Central–42nd Street is approximately 0.28 miles away, providing access to multiple subway lines, Metro-North, and the broader Midtown business district.

The surrounding neighborhood can work particularly well for medical, dental, therapy, consulting, accounting, legal, financial, beauty/wellness, or other appointment-based professional uses. For a smaller office user, the Park Avenue address and central Manhattan accessibility may carry more value than having a larger amount of space in a less centrally positioned location.

Compared with 403-405 Broome Street, this space is more expensive on a normalized basis: $90/SF/year versus $69/SF/year. Park Avenue is therefore approximately 30% more expensive per square foot. However, the total monthly commitment is dramatically lower at $3,000 versus $23,000, and the space is only 400 SF versus 4,000 SF.

This makes the two opportunities suitable for very different users. Broome Street is better suited for a larger company requiring multiple offices, conference rooms, and employee workstations, while 35 Park Avenue is much more appropriate for an individual professional, private practice, or very small team seeking a Manhattan office without a large fixed monthly expense.

The 400-SF footprint is compact but potentially very efficient. Depending on the configuration, it could accommodate a private office or treatment room, small reception/waiting area, and limited storage, or potentially a small two-to-four-person professional office. At this size, practically every square foot matters, so an efficient layout can significantly affect the value of the space.

An important consideration is the building itself. Because public records and building sources identify 35 Park Avenue primarily as a residential cooperative, I would specifically confirm that this particular 400-SF space is legally designated and approved for the proposed professional or commercial office use, as well as whether any co-op board approval or restrictions apply.

I would confirm suite location, ground-floor versus upper-floor positioning, private versus shared entrance, window exposure, natural light, elevator access, HVAC, bathrooms, waiting-room availability, electrical capacity, internet service, signage or directory rights, 24/7 access, and current buildout condition.

For a medical, dental, therapy, wellness, or other client-facing use, I would also verify ADA accessibility, plumbing availability, sink requirements, permitted professional use, certificate-of-occupancy compliance, patient/client waiting areas, building access procedures, and any restrictions imposed by the cooperative.

I would also clarify whether the $3,000/month is an all-inclusive or gross rent, and whether the tenant is separately responsible for electricity, cleaning, internet, HVAC, real-estate-tax increases, building charges, or other operating expenses. On a small 400-SF office, additional monthly charges can have a meaningful impact on the effective rent.

Overall, 35 Park Avenue looks like an interesting small-format office opportunity at $3,000 per month. At $90/SF/year, it is not as inexpensive on a per-square-foot basis as the Broome Street office, but the very low total monthly commitment, Park Avenue address, Murray Hill location, and excellent access to Midtown and Grand Central make it potentially attractive for a solo professional or small appointment-based business. If the space is legally approved for the intended office use, efficiently configured, and has limited additional charges, it could represent a practical and manageable small-office option in Midtown Manhattan.