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    38 W 21St St New York, NY 10010

    For Sale
    Contact for pricing

    Flexible zoning allows residential or commercial redevelopment in Flatiron.

    Property size:
    6,166 SF
    Lot size:
    0.14 Acres

    Property Features for 38 W 21St St

    General Information

    Size
    6,166 SF
    Lot size
    0.14 Acres

    Source: BKREA Agent Bob Knakal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Flatiron District Redevelopment Opportunity

    This property offers a flexible zoning opportunity, classified as C6-4A, equivalent to R10A. This zoning permits a Floor Area Ratio (FAR) of 10.0, with the potential to increase to 12.0 through The UAP Program. The zoning allows for residential use, presenting the possibility of a condo or rental conversion. The property is located in Flatiron's high-demand submarket, offering substantial redevelopment value. Each office floor provides rentable footprints of 6,500 square feet, suitable for modernized layouts or boutique residential properties. The property has a total size of 6,166 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Barbering By Marcus Barber Shop CryptoCapitalFund Corporate Office Five Seven Music Media Company Multiverse Apprenticeship Center

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9925884
    Latitude
    40.7410273

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    FAQs

    What type of property is this?
    Office building - Flexible zoning allows residential or commercial redevelopment in Flatiron.
    Where is this office building located?
    The property is located at 38 W 21St St New York, NY.
    What are key features of this property?
    This property features: - Flexible zoning (C6-4A/R10A equivalent) allows for 10.0 FAR (or 12.0 FAR via UAP) and residential use.; - Potential for condo or rental conversion in Flatiron's high-demand submarket.; - Substantial redevelopment value.
    (917) 509-9501
    Request Owner's contact information
    38 W 21St St New York, NY 10010
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    New York, NY 10010
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    38 W 21St St New York, NY 10010
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