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    Midtown South Development Opportunity Title is generated by Realmo AI

    38-40 W 34th St, New York, NY

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    Prime land in Midtown South with flexible zoning.

    Type:OFFICE
    Property size:
    7,406 SF
    Lot size:
    0.18 Acres
    Added:
    Nov 10, 2025
    Days on Market:
    221
    Last Refresh:
    May 20 at 9:35 pm

    Property Features for 38-40 W 34th St

    General Information

    Standard status
    Active
    Size
    7,406 SF
    Lot size
    0.18 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Bob Knakal
    Bob Knakal

    Listing agent Bob Knakal License #10301211305

    Listing office BKREA

    Listing date Nov 10, 2025

    Source Moodyscre

    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 BKREA

    HighLights

    • Flexible C5‑3 zoning with R10 overlay allows for diverse development options.
    • Prime Midtown South location with strong institutional presence.
    • Exceptional accessibility: a 1‑minute walk to Herald Square subway.
    • Opportunity to purchase offsite UAP certificates to increase market‑rate residential floor area.
    • Delivered vacant, enabling immediate demolition and commencement of construction.
    • 75 feet of frontage on West 34th Street allows for efficient floorplates.

    Overview

    This property, located at 38-40 West 34th Street in the heart of Midtown South, presents a flexible zoning opportunity with C5-3 zoning and an R10 overlay, allowing for a variety of residential, office, hotel, and retail development. This enables flexibility in executing business plans that align with the neighborhood's mixed-use character and growing demand. The R10 overlay provides the opportunity to purchase offsite UAP Certificates, benefiting the development by allowing the construction of additional market-rate residential floor area while also reducing the cost basis. The site benefits from 75 feet of frontage on the south side of West 34 Street, enabling efficient floorplates and a significantly lower frontage. The location benefits from strong institutional anchors, growing residential demand, and a vibrant cultural character. The site is a one-minute walk from the 34 Street Herald Square subway station, servicing multiple subway lines, including the N, Q, R, W, B, D, F, and M trains. Penn Station is an eight-minute walk away, providing connectivity to the Long Island Railroad, MTA-North train, NJ Path, buses, and additional subway lines including the 1, 2, and 3 lines. The site, with a property size of 7406 square feet, will be delivered vacant, allowing for immediate demolition.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Law Firm Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9868
    Latitude
    40.7492

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    FAQs

    What type of property is this?
    Land - Prime land in Midtown South with flexible zoning.
    Where is this land located?
    The property is located at 38-40 W 34th St New York, NY.
    What are key features of this property?
    This property features: Flexible C5‑3 zoning with R10 overlay allows for diverse development options.; Prime Midtown South location with strong institutional presence.; Exceptional accessibility: a 1‑minute walk to Herald Square subway.
    (917) 509-9501 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bob Knakal
    Bob Knakal
    Real Estate License ID: 10301211305
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