Listing Agency: BKREA b*@bkrea.com Show Phone

Listed By: Bob Knakal · License #10301211305 Show Phone

Source: Moodyscre

Added: Mar 4, 2025 Changed: Jul 10 Last Checked: Aug 10 at 11:02AM

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Investment Insights

Based on property information with market context.

This property, located in a favorable Midtown location near Fortune 500 companies, restaurants, and retail establishments, presents a value-add potential for future investors to renovate and lease the existing vacancy floors. The property offers an astounding 197.5 feet along the eastern side of 8th Avenue. With favorable M1-9A / R10 zoning, a developer may have several options for conversions. The property is within walking distance to several transportation hubs servicing the 1, 2, 3, A, C, E lines, the LIRR, and NJ Transit. Cancellation causes are in place in all the leases, allowing the asset to be delivered vacant. The property size is 102611 square feet.

Key Highlights

• Ability to deliver vacant: Cancellation clauses in place in all leases.
• Assemblage of Major Substantial Blockfront Frontage: Boasting 197.5 feet along 8th Avenue.
• Multiple Potential Rezoning To Development Schemes: Favorable M1‑9A / R10 zoning offers conversion options.

Property Analytics

Property Profile

Current Use

Office buildings

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store Buffet Adult Day Care Butcher Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

638

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office building - Prime Midtown location with redevelopment and rezoning potential.

Where is this office building located?

The property is located at 260-266 W 36th St New York, NY.

What are key features of this property?

This property features: Ability to deliver vacant: Cancellation clauses in place in all leases.; Assemblage of Major Substantial Blockfront Frontage: Boasting 197.5 feet along 8th Avenue.; Multiple Potential Rezoning To Development Schemes: Favorable M1‑9A / R10 zoning offers conversion options.