147 W 29Th St New York, NY 10016

This development site benefits from its block-through nature, which can accommodate two buildings on the lot. The site is located at the intersection of Midtown South, NoMad, and Chelsea, steps from Penn Station, allowing developers to capitalize on strong demand drivers in a rapidly evolving neighborhood. The site is a 3-minute walk from Penn Station, providing access to the 1, 2, 3, A, C, E subway lines, as well as the LIRR and NJ Transit. It is also just a 6-minute walk from 34th Street Herald Square, offering additional connectivity via the B, D, F, M, N, Q, R, and W lines. The property has flexible zoning opportunity. Once MSMX is adopted, the M1-9A/R12 zoning district will permit residential, commercial, and community facility uses. Two eligible landmark properties may be able to transfer development rights under the City of Yes, which allows greater flexibility for air rights transfers. The property size is 11955 square feet.