12-Story Office/Retail Building
For Sale
Contact for pricing
28 W 36th St, New York, NY 10018
12-story office/retail asset with an expanded buildable SF allowance and flexible business plan optionality.
Property Size70,000 SF
Days on Market205
Property Features for 28 W 36th St
General Information
Standard status
Active
Size
70,000 SF
Property subtype
OFFICE
Listing Agency:
Colliers | New York City
(212) 716-3500
Listed By:
Zach Redding · License #10401280474
(570) 574-9015
Source:
Moodyscre
Added: Feb 12
Changed: Aug 15
Last Checked: Aug 14 at 7:41AM
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 Colliers | New York City
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.
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
95,867
Businesses Nearby
Explore this area
Business Placement
Demographics for 10018, NY
11,145
Population
5,678
Households
2
Avg Household Size
35
Median Age
75%
College-Educated
92%
High-School Grad
0.3 sq mi
ZIP Area
37,150
Density / Sq Mi
$133,042
Median Household Income
$103,655
Median Earnings
$3,501
Median Rent
$947,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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
