842 7th Ave New York, NY

Listing Agency BKREA b*@bkrea.com Show Phone

Listed by Bob Knakal · License #10301211305 Show Phone

Source Moodyscre

Added: Nov 7, 2025 Updated: Jul 6 at 10:28 am Checked: Jul 20 at 3:15 am

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Investment Insights

Based on property information with market context.

This development site benefits from grandfathered hotel use, with approved plans already in place, allowing a purchaser to capitalize on the favorable dynamics in the hotel sector without needing a Special Permit for hotels under ZR 32-153. The site's location offers close proximity to tourist attractions such as Central Park, Rockefeller Center, Columbus Circle, and MoMA. The corner positioning of the 7,542-square-foot site ensures ample natural light and air, with upper floors offering views of the Hudson River and Central Park. The existing structure has been demolished, allowing for time and cost savings, and enabling a developer to quickly commence construction. The prime Midtown location will capitalize on nearby attractions, demand drivers, and the growing demographics of the surrounding neighborhood. Convenient accessibility is provided by the 7 Av–53 St station, just two minutes away, with D and E service, and the 57 St–7 Av station two blocks north, serving the N, Q, R, and W lines.

Key Highlights

• Grandfathered Hotel Use: Approved plans save time and resources by eliminating the need for a Special Permit.
• Demolished Site: Ready for immediate construction, saving you time and costs.
• Prime Midtown Location: Capitalize on nearby attractions and growing demographics.

Property Analytics

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FAQs

What type of property is this?

Commercial land - Approved hotel plans, favorable location, and convenient accessibility.

Where is this commercial land located?

The property is located at 842 7th Ave New York, NY.

What are key features of this property?

This property features: Grandfathered Hotel Use: Approved plans save time and resources by eliminating the need for a Special Permit.; Demolished Site: Ready for immediate construction, saving you time and costs.; Prime Midtown Location: Capitalize on nearby attractions and growing demographics.