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Vacant Mixed-Use Building
For Sale
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Pending

34 W 28th St, New York, NY 10001

Gutted, unoccupied property with office and retail space in NoMad near the 28th Street R and W subway stop.

Property Size14,606 SF
Days on Market144

Property Features for 34 W 28th St

General Information

Standard status Pending
Size 14,606 SF
Property subtype Office

Property Condition

Severity Major Repairs Needed
Evidence completely gutted

Additional Details

Public Transit Yes

Building Details

Buildings 1
Stories 6
Building Size 14,606 SF
Listing Agency: Compass Commercial
Listed By: Justin Natalizio · License #NY 10401310452
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 31 at 6:54PM

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 Compass Commercial

Investment Insights

Based on property information with market context.

This six-story mixed-use building contains 14,606 gross square feet of office and retail space and has been completely gutted. The property is vacant, creating flexibility for an investment or owner-user strategy. It currently includes 27,160 square feet of available air rights.

Located at 34 W 28th St in NoMad, the building is steps from the 28th Street R and W subway station. The surrounding area includes The Ritz Carlton NoMad, Virgin Hotels NYC, Moxy NYC Chelsea, The Ned NoMad, and the Martinique NY on Broadway. The Empire State Building and Madison Square Garden are also nearby.

The property falls within the Midtown South Mixed-Use rezoning plan. If the plan passes, FAR is expected to increase from 10 to 12, adding 5,432 square feet of air rights for an expected total of 32,592 square feet, with residential use also expected to become permitted.

Key Highlights

  • 6‑story mixed‑use building with 14,606 gross square feet
  • 27,160 square feet of currently available air rights
  • Expected 32,592 total square feet of air rights if the rezoning plan passes

Property Analytics

Current Use

The Self-Heal Touch Physician FlexHealing Alternative Medicine Practice art of energetic healing ... Vocational School Awakened Warrior Yoga ... Gym & Fitness Center Amit Perfumes Inc Cosmetic Store

Suggested Use

Top Pick Nursing Home Clothing & Fashion Store Garden Center Pet Grooming Service Adult Day Care (Bike/Boat/Book/etc) Store

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

6,896
Businesses Nearby

Demographics for 10001, NY

32,612
Population
17,554
Households
1.9
Avg Household Size
35
Median Age
72%
College-Educated
93%
High-School Grad
0.6 sq mi
ZIP Area
54,353
Density / Sq Mi
$123,393
Median Household Income
$97,848
Median Earnings
$3,024
Median Rent
$793,000
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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Gutted, unoccupied property with office and retail space in NoMad near the 28th Street R and W subway stop.
Where is this mixed-use property located?
The property is located at 34 W 28th St New York, NY.
What are key features of this property?
This property features: 6‑story mixed‑use building with 14,606 gross square feet; 27,160 square feet of currently available air rights; Expected 32,592 total square feet of air rights if the rezoning plan passes
More about this property
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