RealtyLens
for saleRealtyLens property overview
$1,850,000

450 W 31st St Rm 2N

Manhattan, NY, 10001
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StudioBeds
0.5Baths
2,600Sqft
$712$/sqft

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

Below nearby median-57%

$712/sqft vs a nearby median of $1670/sqft.

Nearby median$1670/sqft
Nearby properties8
Property size2,600 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

Yardstick fair value$4.36M$3.97M$4.76M · 50% confidence
vs ask $1.85M−$2.51M (−135.9%)

Asking price is about 135.9% below the fair value — likely to draw competing offers if it's still on market.

$1,670/sqft median across 8 tight comps × 2,600 sqft= $4.34M
  • 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%
Cumulative NYC adjustments+$22k+0.5%

Property Read

FreshnessVerification recommended

The page is useful for research, but the status and price should be verified before acting.

Market Position-57% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read3 items to check
AI ReadinessReady to analyze
Assistant read

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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

ElevatorBasementTwo Or More StoriesHigh CeilingExposed BrickElevatorShopping

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.

Price History

May 4, 2026Initial record
$1,850,000for sale

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.