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In the dynamic landscape of New York City real estate, User Building Sales represent a unique and often highly lucrative segment. Unlike most U.S. cities, in Manhattan, vacant properties often command higher values than occupied ones, especially when under 100,000 square feet. This trend is largely driven by ‘user’ buyers—entities or individuals purchasing properties for their own use, often at a premium compared to standard investment sales.
What exactly is a user building? A user building is typically a vacant property that someone purchases to occupy for their own business. This business can be anything from a retail store to a corporation, a nonprofit organization, a foreign government, or a healthcare agency—essentially, any entity that needs space for its own use.
In this section, you’ll find a summary of some of the user buildings we’ve sold, along with a study of the user market dynamic. Over the past 40 years, user buyers have paid, on average, a 16 percent premium above what investors are willing to pay. This reflects a distinctive feature of the New York City marketplace. Take a look at some of the notable companies and organizations that have purchased these buildings to serve as their headquarters. Enjoy exploring these unique transactions.
Discover the outstanding results we’ve achieved in Manhattan’s unique real estate market. Our expertise in User Building Sales has consistently delivered premium value for our clients. Below is our user sales book of some of our most successful user building transactions, illustrating our commitment to excellence and client satisfaction.
Ready to explore the potential of your New York City property? Contact us today for a personalized analysis and to learn more about how we can help maximize your investment.
