28 W 36th St New York, NY 10018

Listing agency Colliers | New York City Show Phone

Listed by Zach Redding Show Phone

Source Moodyscre

Added: Feb 12 Updated: Jul 21 at 6:08AM Checked: Jul 21 at 6:08AM

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Investment Insights

Based on property information with market context.

This 12-story office/retail building totals approximately 70,000 RSF and includes additional gained buildable area of 29,800 SF, for a stated maximum ZFA of 88,308 SF. The listing notes flexible zoning characteristics that may support multiple business plan directions, including an as-of-right residential conversion, ground-up development, a self-storage conversion, or continued office use. The property is currently reported as 91% leased, with only 13% leased by the end of Q3 2027, providing a stated path to vacancy while maintaining in-place cash flow.

The property is scheduled for an auction dated February 9, 2026 at 12:00pm through February 11, 2026 at 12:00pm. The remarks also indicate the property has no transfer taxes due to a bankruptcy component under 11 U.S.C. § 1146(a).

Additional tax abatement programs referenced include eligibility for the 467-M program for a residential conversion and the 485-X program for ground-up residential construction. The remarks cite an ideal lot size of 4,906 SF and the potential for large floor plates to support flexible unit layouts.

Key Highlights

• 12‑story office/retail asset totaling 70,000 RSF
• Significant FAR increase adds 29,800 buildable SF for a total maximum ZFA of 88,308 SF
• Business plan optionality for various uses, including as‑of‑right residential conversion, ground‑up development, self‑storage conversion, or continued office use

Property Analytics

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FAQs

What type of property is this?

Office building - 12-story office/retail asset with an expanded buildable SF allowance and flexible business plan optionality.

Where is this office building located?

The property is located at 28 W 36th St New York, NY.

What are key features of this property?

This property features: 12‑story office/retail asset totaling 70,000 RSF; Significant FAR increase adds 29,800 buildable SF for a total maximum ZFA of 88,308 SF; Business plan optionality for various uses, including as‑of‑right residential conversion, ground‑up development, self‑storage conversion, or continued office use