Midtown South Development
41 W 36th St., New York, NY 10018
Residential development site in the heart of Manhattan's Midtown South.
Type:Land, Mixed Use, Multifamily, Office
Property size:
7,695 SFLot size:
0.05 Acres- Added:
- Feb 26, 2026
- Days on Market:
- 78
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 41 W 36th St.
General Information
- Standard status
- Active
- Size
- 7,695 SF
- Lot size
- 0.05 Acres
- Property subtype
- Land, Mixed Use, Multifamily, Office
Building Details
- Year Built
- 1935
Listing agent Charles Turbak License #NY
Listing office G.E. Grace & Company, Inc.
Listing date Feb 26, 2026
Source Crexi
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 G.E. Grace & Company, Inc.
HighLights
- Newly upzoned residential development site with 35,550 BSF buildable area in Midtown South.
- Located steps from Herald Square, Bryant Park, and Penn Station, offering exceptional access to transportation and amenities.
- Benefits from the Midtown South Mixed‑Use (MSMX) rezoning, a significant residential growth corridor.
- Vacant delivery allows for immediate redevelopment.
- Includes all available air rights, with the option to purchase unused development rights separately.
- Excellent transportation access, a short walk to subway and Penn Station.
Overview
Located on West 36th Street between Fifth Avenue and Avenue of the Americas, this site is in close proximity to Herald Square, Bryant Park, Penn Station, and Manhattan’s commercial and retail areas. The property is a five-story commercial building with 7,695 square feet of existing improvements on a 1,975 square foot lot with 20 feet of frontage and a depth of 98.75 feet. The zoning is M1-9A / R12 with a residential FAR of 18.0, allowing for a buildable area of 35,550 square feet. All available air rights are included, and unused development rights may be purchased separately. The site offers the ability to maximize the 18.0 FAR for residential or mixed-use development. Vacant delivery allows for immediate redevelopment. The Midtown South Mixed-Use (MSMX) rezoning, passed in August 2025, is transforming Midtown South into a residential growth corridor. This rezoning is projected to deliver over 9,500 new housing units district-wide, including over 2,800 permanently affordable units. The location is a 3-minute walk to the 34th Street–Herald Square subway station (N, Q, R, W, B, D, F, M lines) and an 11-minute walk to Penn Station (LIRR, NJ Transit, Amtrak, PATH, 1, 2, 3 lines), and is steps from office towers, retail, hotels, and institutional anchors.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Streak Studio
Photography Service
ABC Company
Clothing Store
Roberts Capital Advisors, ...
Corporate Office
SassClass
Training Center
Ritreit Dental
Dental Office
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9854782
- Latitude
- 40.7506128
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Residential development site in the heart of Manhattan's Midtown South.
Where is this commercial land located?
The property is located at 41 W 36th St. New York, NY.
What are key features of this property?
This property features: Newly upzoned residential development site with **35,550 BSF buildable area** in Midtown South.; Located steps from Herald Square, Bryant Park, and Penn Station, offering exceptional access to transportation and amenities.; Benefits from the Midtown South Mixed‑Use (MSMX) rezoning, a significant residential growth corridor.
