Commercial Development
For Sale
Contact for pricing
Pending
409 8th Ave, New York, NY 10001
C6-3X-zoned leasehold site with flexible commercial, residential, hospitality, and community facility use potential.
Property SizeContact for details
Days on Market143
Property Features for 409 8th Ave
General Information
Standard status
Pending
Property subtype
Land
Listing Agency:
Newmark
Listed By:
Mike Kavanagh · License #NY 10401320306
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 31 at 10:07PM
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 Newmark
Investment Insights
Based on property information with market context.
The property comprises a 100% long-term leasehold interest in a 7,407± SF development site at 409 8th Ave in New York. Three existing low-rise buildings totaling 18,073± SF occupy the parcel and can be vacated. The 74.13-foot by 100-foot lot supports approximately 66,663 square feet of as-of-right ZFA under C6-3X zoning, with an R9X equivalent designation. Permitted use flexibility identified in the property information includes commercial, residential, hospitality, and community facility applications.
The site is positioned on the west side of 8th Avenue between 30th and 31st Streets, directly across from Madison Square Garden, Penn Station, and the Farley Building. Macy’s and the Herald Square shopping district are nearby. The property is also included among 10 properties identified within Block 754 as part of “SITE 1” in the proposed Empire Station Complex project. Proposed ESD Actions could alter bulk, density, height, and other zoning requirements; the proposed development program describes FAR of 20.0 and more than 1.2 million square feet of office, hotel, and retail space across SITE 1.
The site is positioned on the west side of 8th Avenue between 30th and 31st Streets, directly across from Madison Square Garden, Penn Station, and the Farley Building. Macy’s and the Herald Square shopping district are nearby. The property is also included among 10 properties identified within Block 754 as part of “SITE 1” in the proposed Empire Station Complex project. Proposed ESD Actions could alter bulk, density, height, and other zoning requirements; the proposed development program describes FAR of 20.0 and more than 1.2 million square feet of office, hotel, and retail space across SITE 1.
Key Highlights
- 100% long‑term leasehold interest at 409 8th Ave, New York, NY 10001
- 74.13‑foot by 100‑foot lot with a 7,407± SF footprint
- Three existing low‑rise buildings totaling 18,073± SF can be vacated
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
57,593
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Commercial land - C6-3X-zoned leasehold site with flexible commercial, residential, hospitality, and community facility use potential.
Where is this commercial land located?
The property is located at 409 8th Ave New York, NY.
What are key features of this property?
This property features: 100% long‑term leasehold interest at 409 8th Ave, New York, NY 10001; 74.13‑foot by 100‑foot lot with a 7,407± SF footprint; Three existing low‑rise buildings totaling 18,073± SF can be vacated
