Block-Through Mixed-Use Development
545 W 37th St New York, NY 10018
For Sale
Contact for pricing
Pending
Vacant block-through lot with frontage on West 37th and West 38th streets, positioned for as-of-right mixed-use development.
Lot Size0.40 Acres
Days on Market105
Property Features for 545 W 37th St
General Information
- Standard status
- Pending
- Lot size
- 0.40 Acres
- Property subtype
- Land
Listing Agency:
BKREA
(917) 509-9501
Listed By:
Bob Knakal · License #NY 10301211305
Source:
Crexi
Added: Apr 11
Changed: Jul 22
Last Checked: Jul 23 at 12:56PM
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.
545 West 37th Street is a vacant lot offering a block-through development configuration with approximately 75’ of frontage along West 37th Street and approximately 100’ of frontage along West 38th Street. The site is situated in the Hudson Yards Special Purpose District and in the C6-4 zoning district, which permits both commercial and residential development. Ownership has obtained DOB-approved plans for two adjacent mixed-use buildings connected via the 1st floor.
The plans contemplate a 31-story building on West 37th Street with a lobby and restaurant on the 1st floor and a transient hotel on floors 2–31. The development program is supported by available floor area allowances in the district, including an approximately 10.0 base FAR for commercial development and potential increases through the Hudson Yards District Improvement Bonus, plus additional floor area generated by the Eastern Rail Yards. The maximum permitted FAR inclusive of bonuses totals approximately 21.6, with 6.0 allocated for residential development, equating to a maximum buildable area of approximately 373,275 square feet.
The offering contemplates as-of-right development, with prospective developers not limited to the currently approved plan set.
The plans contemplate a 31-story building on West 37th Street with a lobby and restaurant on the 1st floor and a transient hotel on floors 2–31. The development program is supported by available floor area allowances in the district, including an approximately 10.0 base FAR for commercial development and potential increases through the Hudson Yards District Improvement Bonus, plus additional floor area generated by the Eastern Rail Yards. The maximum permitted FAR inclusive of bonuses totals approximately 21.6, with 6.0 allocated for residential development, equating to a maximum buildable area of approximately 373,275 square feet.
The offering contemplates as-of-right development, with prospective developers not limited to the currently approved plan set.
Key Highlights
- 17,281 SF vacant block‑through lot with frontage on West 37th St and West 38th St
- Approximately 75 ft of frontage on West 37th St and 100 ft of frontage on West 38th St
- Located in C6‑4 zoning for commercial and residential development
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - Vacant block-through lot with frontage on West 37th and West 38th streets, positioned for as-of-right mixed-use development.
Where is this commercial land located?
The property is located at 545 W 37th St New York, NY.
What are key features of this property?
This property features: 17,281 SF vacant block‑through lot with frontage on West 37th St and West 38th St; Approximately 75 ft of frontage on West 37th St and 100 ft of frontage on West 38th St; Located in C6‑4 zoning for commercial and residential development
