842 7Th Ave New York, NY 10019

This development site benefits from grandfathered hotel use, with approved plans already in place, allowing a purchaser to capitalize on the favorable dynamics in the hotel sector without needing a Special Permit for hotels under ZR 32-153. The site's location offers close proximity to tourist attractions such as Central Park, Rockefeller Center, Columbus Circle, and MoMA. The corner positioning of the 7,542-square-foot site ensures ample natural light and air, with upper floors offering views of the Hudson River and Central Park. The existing structure has been demolished, allowing for time and cost savings, and enabling a developer to quickly commence construction. The prime Midtown location will capitalize on nearby attractions, demand drivers, and the growing demographics of the surrounding neighborhood. Convenient accessibility is provided by the 7 Av–53 St station, just two minutes away, with D and E service, and the 57 St–7 Av station two blocks north, serving the N, Q, R, and W lines.