Mixed-Use Property with Office
For Sale
Contact for pricing
500 8th Ave, New York, NY 10018
Two adjoining commercial buildings combine office occupancy, retail frontage, and redevelopment considerations within Manhattan’s Midtown South area.
Property Size287,910 SF
Lot Size0.51 Acres
Days on Market143
Property Features for 500 8th Ave
General Information
Standard status
Active
Size
287,910 SF
Net Rentable
287,910 SF
Lot size
0.51 Acres
Property subtype
Retail, Office
Zoning
M1-6
Additional Details
Public Transit
Yes
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
BKREA
(917) 509-9501
Listed By:
Faraz Cheema, MSRE, CCIM, SIOR · License #10401387374
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 29 at 5:41PM
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 mixed-use offering combines a 13-story office building constructed in 1922 with an adjoining 3-story commercial building completed in 1931. The primary structure contains 278,910 RSF, while the adjacent building adds 9,000 RSF. Together, the buildings occupy approximately 22,348 SF of land and present extensive frontage along 8th Avenue and West 35th and West 36th Streets.
The property is currently located in the M1-6 zoning district within the Special Garment Center District and falls within the proposed Midtown South Mixed Use rezoning area. The larger building is 64% occupied with an approximately 4.15-year weighted average lease term; the smaller building is 100% occupied with an approximately 1.04-year weighted average lease term. The offering is two blocks from Penn Station, Madison Square Garden, and the Penn District, with Hudson Yards also identified as a nearby demand driver.
The source information outlines redevelopment concepts involving residential conversion, vertical enlargement, and a possible Subway Improvement Special Permit. These concepts include potential buildings ranging from 27 to 34 stories and total floor areas from 335,161 SF to 401,656 SF, subject to approvals and planning processes.
The property is currently located in the M1-6 zoning district within the Special Garment Center District and falls within the proposed Midtown South Mixed Use rezoning area. The larger building is 64% occupied with an approximately 4.15-year weighted average lease term; the smaller building is 100% occupied with an approximately 1.04-year weighted average lease term. The offering is two blocks from Penn Station, Madison Square Garden, and the Penn District, with Hudson Yards also identified as a nearby demand driver.
The source information outlines redevelopment concepts involving residential conversion, vertical enlargement, and a possible Subway Improvement Special Permit. These concepts include potential buildings ranging from 27 to 34 stories and total floor areas from 335,161 SF to 401,656 SF, subject to approvals and planning processes.
Key Highlights
- 278,910 RSF, 13‑story office building constructed in 1922
- Adjoining 9,000 RSF, 3‑story commercial building built in 1931
- Approximately 22,348 SF combined lot area
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
63,238
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two adjoining commercial buildings combine office occupancy, retail frontage, and redevelopment considerations within Manhattan’s Midtown South area.
Where is this mixed-use property located?
The property is located at 500 8th Ave New York, NY.
What are key features of this property?
This property features: 278,910 RSF, 13‑story office building constructed in 1922; Adjoining 9,000 RSF, 3‑story commercial building built in 1931; Approximately 22,348 SF combined lot area
