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450 W 31st St Rm 2N
Listing Notes
Maint: $4, 870/mo Beautiful creative space in the heart of Hudson Yards Move right into this prewar, 2600 square foot, light-filled commercial coop loft, located in Manhattans exciting Hudson Yards neighborhood. 450 West 31 Street is a 12-story loft building constructed in 1918. It was converted from a manufacturing warehouse to cooperative office units and comprises 15 total units. 2N boasts 11 foot ceilings and a full wall of oversized windows. The neighborhood features new cultural institutions including The Shed, high end residential developments and Hudson River Park. Convenient to world class art galleries, the High Line, shops and the many restaurants in Hudson Yards and Chelsea. The common areas include two elevators, a loading dock, a common hallway and one bathroom facility. The unit is in excellent condition with concrete floors, exposed brick walls, track lighting, sprinkler system and central air conditioning. Private basement storage area included for this unit. Currently a gallery and artist studio with an open-concept layout featuring multiple archiving and storage areas, display walls, a separate office and kitchenette. The building has 24/7 access with a part-time attended lobby. Close to the new #7 subway, Penn Station, Port Authority and the A, C, E, 1, 2, 3 subway lines and steps from the High Line entrance. The building has recently undergone a fully funded capital improvement program including 2 new large elevators and new renovated lobby. Please call for appointment to see this special property
Market Insights
$712/sqft vs a nearby median of $1670/sqft.
- -57% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 2,600 sqft creates a usable price-per-square-foot read.
Pricing Read
Asking price is about 135.9% below the fair value — likely to draw competing offers if it's still on market.
- Days-on-market gravity−$130k −3.0%
- Transit access+$109k +2.5%
- Pre-war character+$109k +2.5%
- Virtually staged−$43k −1.0%
- Visible condition issues−$22k −0.5%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Price history is still limited; review again as more market activity becomes available.
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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.
Listing Details
- Days on market
- 239 days
- Last price change
- No change recorded
- Listed
- Sep 15, 2025
- Photos
- 13 photos
- Property type
- coop
- Status
- for sale
Features & Amenities
Photos
Building Facts
- Year built
- 1918
- Stories
- 12
- Total units
- 15
- Building area
- 2.57 ac
- Lot size
- 13,900 sqft
- Land use
- Commercial and office buildings
- Building class
- O3
From NYC public records where available.