Midtown South Development
For Sale
Contact for pricing
41 W 36th St., New York, NY 10018
Residential development site in the heart of Manhattan's Midtown South.
Property Size7,695 SF
Lot Size0.05 Acres
Price / SF$961.66
Days on Market179
Property Features for 41 W 36th St.
General Information
Standard status
Active
Size
7,695 SF
Lot size
0.05 Acres
Property subtype
Retail, Office, Mixed Use
Zoning
M1-9A / R12
Building Details
Year Built
1935
Buildings
1
Listing Agency:
G.E. Grace & Company, Inc.
Listed By:
Charles Turbak · License #NY
Source:
Crexi
Added: Feb 26
Changed: Aug 21
Last Checked: Aug 23 at 1:52PM
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.
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
95,867
Businesses Nearby
Explore this area
Business Placement
Demographics for 10018, NY
11,145
Population
5,678
Households
2
Avg Household Size
35
Median Age
75%
College-Educated
92%
High-School Grad
0.3 sq mi
ZIP Area
37,150
Density / Sq Mi
$133,042
Median Household Income
$103,655
Median Earnings
$3,501
Median Rent
$947,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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 is the asking price?
The asking price for this property is $7,400,000.
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.
