28-30 W 37th St New York, NY
Call to check price and availability
Two-story commercial building in Midtown Manhattan with development potential.
Type:RETAIL
Property size:
10,281 SFLot size:
0.11 AcresPrice / SF:
$1,021/SF- Added:
- Dec 13, 2024
- Days on Market:
- 495
- Last Refresh:
- Apr 5 at 10:01 pm
Property Features for 28-30 W 37th St
General Information
- Standard status
- Active
- Size
- 10,281 SF
- Lot size
- 0.11 Acres
- Property subtype
- RETAIL
Listing agent Bob Knakal License #10301211305 (917) 509-9501
Listing office BKREA (917) 509-9501
Listing date Dec 13, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of BKREA
Overview
Vacant Midtown Commercial Building
The property is a vacant, two-story commercial building encompassing 10,281 square feet. Constructed in 1996, it is situated on West 37th Street between Fifth and Sixth Avenues in Midtown. The building sits on a 4,758-square-foot lot with approximately 50 feet of frontage. It comprises three identical ground-floor retail units and a contiguous second-floor space. The ground floor features ceiling heights of approximately 22 feet, while the second floor offers 10-foot ceiling heights. The M1-6 zoning allows for the demolition of the existing structure and construction of a new building, with a 10 FAR for a total as-of-right ZFA of 47,580 square feet. The property's vacancy allows for immediate occupancy. It presents an opportunity for investors to renovate the commercial spaces. The location provides access to multiple subway lines and is within walking distance of the Empire State Building, Bryant Park, and Macy’s. The property is located near Penn Station, Grand Central Station, 34th Street- Herald Square and Port Authority. There is potential for future residential development due to the proposed "Midtown South Mixed-Use Plan" rezoning. City Planning has proposed plans for a rezoning of M-zoned properties in the district to allow for residential as-of-right.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9158
- Latitude
- 40.7659
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FAQs
What type of property is this?
Retail space - Two-story commercial building in Midtown Manhattan with development potential.
Where is this retail space located?
The property is located at 28-30 W 37th St New York, NY.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: Significant development potential with M1‑6 zoning allowing for a new building with a 10 FAR, totaling 47,580 SF.; Prime Midtown location between Fifth and Sixth Avenues.; Immediate occupancy opportunity.
