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Mixed-Use Building With Air Rights
For Sale
Contact for pricing
Pending

35 Madison St, New York, NY 10038

R7-2-zoned property combines commercial occupancy with residential units and redevelopment capacity.

Property SizeContact for details
Days on Market144

Property Features for 35 Madison St

General Information

Standard status Pending
Property subtype Land, Mixed Use, Multifamily, Office
Listing Agency: Winzone Realty Inc
Listed By: Eric Pang · License #10301219193
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Sep 1 at 1:00AM

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 Winzone Realty Inc

Investment Insights

Based on property information with market context.

This mixed-use property includes 4 commercial spaces, 1 office space, and 22 residential units within an existing building of approximately 22,000 SF. The site measures 105’ x 80’ and contains 7,560 SF of land area. R7-2 zoning supports a total buildable area of 50,000 SF as of right, including approximately 28,000 SF of available air rights.

A preliminary study indicates potential for 45 condominium units and 15,000 SF of commercial space as of right. The property is located in downtown Manhattan near the civic center. Existing commercial leases include 3% increases, and one commercial tenant pays 20% of the property tax.

Key Highlights

  • Mixed‑use configuration with 4 commercial spaces, 1 office space, and 22 residential units
  • R7‑2 zoning with 50,000 SF of total buildable area as of right
  • Approximately 28,000 SF of air rights available

Property Analytics

Current Use

MHZ Web Designs Marketing & Advertising

Suggested Use

Top Pick Law Firm Dental Office Nursing Home Auto Parts Store (Bike/Boat/Book/etc) Store Pet Grooming Service

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

5,932
Businesses Nearby

Demographics for 10038, NY

25,332
Population
12,624
Households
2
Avg Household Size
33
Median Age
62%
College-Educated
83%
High-School Grad
0.3 sq mi
ZIP Area
84,440
Density / Sq Mi
$115,121
Median Household Income
$87,698
Median Earnings
$3,140
Median Rent
$865,700
Median Home Value

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - R7-2-zoned property combines commercial occupancy with residential units and redevelopment capacity.
Where is this mixed-use property located?
The property is located at 35 Madison St New York, NY.
What are key features of this property?
This property features: Mixed‑use configuration with 4 commercial spaces, 1 office space, and 22 residential units; R7‑2 zoning with 50,000 SF of total buildable area as of right; Approximately 28,000 SF of air rights available
(516) 996-6881 Call to check price and availability
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