Hotel Redevelopment
For Sale
Contact for pricing
144 E 40th St, New York, NY 10016
Mixed-use development site includes an existing hotel on a 48’ x 98.75’ lot in Midtown East.
Property SizeContact for details
Lot Size0.11 Acres
Days on Market123
Property Features for 144 E 40th St
General Information
Standard status
Active
Lot size
0.11 Acres
Property subtype
Land
Listing Agency:
Newmark
(212) 660-7744
Listed By:
Mike Kavanagh · License #NY 10401320306
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 3:17PM
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 Newmark
Investment Insights
Based on property information with market context.
144 East 40th Street is a hotel property located on the south side of East 40th Street between Lexington and Third Avenues. The site sits on a 48’ x 98.75’ lot and supports a total commercial development of 56,876 buildable square feet and a total residential development of 47,396 buildable square feet.
The offering is presented as a “covered land play,” allowing a new owner to continue operation of the existing non-union, fee simple, fully unencumbered hotel while generating cash flow from future room bookings. The property also contemplates redevelopment into additional commercial use or residential use, including potential redevelopments of 101,736 for commercial use or 75,022 for residential use through the acquisition of adjacent unused air rights.
The offering is presented as a “covered land play,” allowing a new owner to continue operation of the existing non-union, fee simple, fully unencumbered hotel while generating cash flow from future room bookings. The property also contemplates redevelopment into additional commercial use or residential use, including potential redevelopments of 101,736 for commercial use or 75,022 for residential use through the acquisition of adjacent unused air rights.
Key Highlights
- Mixed‑use development site at 144 East 40th Street in Midtown East, on the south side of E 40th between Lexington and Third Avenues.
- 48’ x 98.75’ lot with total commercial development of 56,876 buildable SF and total residential development of 47,396 buildable SF.
- Existing non‑union, fee simple, fully unencumbered hotel currently on site.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
79,335
Businesses Nearby
Explore this area
Business Placement
Demographics for 10016, NY
62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Mixed-use development site includes an existing hotel on a 48’ x 98.75’ lot in Midtown East.
Where is this hotel located?
The property is located at 144 E 40th St New York, NY.
What are key features of this property?
This property features: Mixed‑use development site at 144 East 40th Street in Midtown East, on the south side of E 40th between Lexington and Third Avenues.; 48’ x 98.75’ lot with total commercial development of 56,876 buildable SF and total residential development of 47,396 buildable SF.; Existing non‑union, fee simple, fully unencumbered hotel currently on site.
