Flatiron District Redevelopment
For Sale
Contact for pricing
38 West 21st Street New, York, NY 10010
12-story building with redevelopment potential in Flatiron District.
Property SizeContact for details
Days on Market157
Property Features for 38 West 21st Street New
General Information
Standard status
Active
Property subtype
Office / Land (Conversion)
Listing Agency:
BKREA
(917) 509-9501
Listed By:
Bob Knakal · License #10301211305
Source:
Bkrea
Added: Mar 5
Changed: Aug 8
Last Checked: Jul 16 at 4:54AM
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
Investment Insights
Based on property information with market context.
This 12-story commercial building is located in the heart of the Flatiron District, surrounded by restaurants, shops, tech offices, and subway lines. The property is near Union Square and Madison Square Park. The site is approximately a 5-minute walk from the 23rd Broadway and the 23rd and 6th subway and Path stations, providing access to subway lines F, M, R, and W as well as the Path. Each office floor offers rentable footprints of 6,500 RSF, suitable for modernized layouts or boutique residential properties. Zoned C6-4A (R10A equivalent), the property allows for 10.0 FAR (or 12.0 FAR through The UAP Program) and residential use, opening the door to a potential condo or rental conversion with redevelopment value. Given the vacant floors in the building, a user would be able to occupy multiple floors and benefit from ownership rights.
Key Highlights
- Zoned C6‑4A (R10A equivalent) with 10.0 FAR (or 12.0 FAR via UAP), enabling condo or rental conversion with redevelopment potential.
- Prime Flatiron District location, surrounded by restaurants, shops, tech offices, and near Union Square and Madison Square Park.
- Excellent transit access: a quick 5‑minute walk to multiple subway and Path lines (F, M, R, W, Path).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
59,449
Businesses Nearby
Explore this area
Business Placement
Demographics for 10010, NY
33,991
Population
19,014
Households
1.8
Avg Household Size
35
Median Age
81%
College-Educated
97%
High-School Grad
0.4 sq mi
ZIP Area
84,978
Density / Sq Mi
$156,127
Median Household Income
$109,691
Median Earnings
$3,113
Median Rent
$1,037,900
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 building with redevelopment potential in Flatiron District.
Where is this office building located?
The property is located at 38 West 21st Street New York, NY.
What are key features of this property?
This property features: Zoned C6‑4A (R10A equivalent) with 10.0 FAR (or 12.0 FAR via UAP), enabling condo or rental conversion with redevelopment potential.; Prime Flatiron District location, surrounded by restaurants, shops, tech offices, and near Union Square and Madison Square Park.; Excellent transit access: a quick 5‑minute walk to multiple subway and Path lines (F, M, R, W, Path).
