19 W 45Th St New York, NY 10036

This property, located in the heart of Midtown near Bryant Park, offers a flexible zoning opportunity with C6-4.5 (R10), MiD zoning. This zoning allows for a variety of uses, including residential, commercial, and Universal Affordability Preference, enabling the execution of various business plans such as condominium, rental, or hotel developments. The property benefits from stable in-place cash flow from existing tenants, providing a reliable income stream that can help offset carrying costs. This offers financial flexibility while planning, obtaining approvals, or preparing for future redevelopment, combining immediate income with long-term development upside. The location benefits from unmatched demand drivers, including walk-to-work convenience and excellent transit connectivity. It is within a 5-minute walk of the 42nd Street–Bryant Park station (B, D, F, M), a 9-minute walk of Times Square–42nd Street (1, 2, 3, 7, A, C, E, N, Q, R, S, W), and a 7-minute walk of Grand Central Terminal, with access to the 4, 5, 6, 7, S, Metro North, and the Long Island Rail Road. The property size is 5021 square feet.