28-30 37Th St New York, NY 10018
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Prime Midtown location, redevelopment potential.
Property size:
10,281 SFProperty Features for 28-30 37Th St
General Information
- Property type
- Land
- Square Feet
- 10,281 SF
Building Details
- Buildings
- 1
- Stories
- 2
Listing Agency: BKREA Listing Agent: Bob Knakal
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional Midtown Manhattan property at 28-30 West 37th Street presents a compelling investment opportunity. The 10,281 square foot, two-story commercial building sits on a 4,758 square foot lot with approximately 50 feet of frontage. Currently vacant, the property offers immediate user occupancy or value-add potential through refurbishment of the three ground-floor retail units and one second-floor space. Each ground-floor unit includes a mezzanine, with 22-foot ceilings on the ground floor and 10-foot ceilings on the second. The M1-6 zoning allows for significant redevelopment, with a 10 FAR yielding a 47,580 square foot as-of-right floor area. This presents a unique chance to leverage substantial air rights (37,299 sq ft) and potentially benefit from the proposed Midtown South Mixed-Use Plan rezoning, which may allow for future residential development. The property's prime location in Midtown Manhattan, near major transportation hubs (Penn Station, Grand Central Terminal, 34th Street-Herald Square), and cultural landmarks (Empire State Building, Bryant Park, Macy's) ensures high visibility and accessibility. The asking price is $10,500,000. This is a rare chance to acquire a strategically located asset with significant upside potential in one of Manhattan's most dynamic neighborhoods.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.984798
- Latitude
- 40.750782
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FAQs
What type of property is this?
Land - Prime Midtown location, redevelopment potential.
Where is this land located?
The property is located at 28-30 37Th St New York, NY.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: Midtown Manhattan location near major transportation hubs (Penn Station, Grand Central Terminal, 34th Street-Herald Square).; Vacant building allowing for immediate user occupancy.; Significant redevelopment potential: 47,580 square feet as-of-right buildable area with substantial air rights (37,299 sq ft).
