This exceptional six-story executive office building at 34 West 36th Street, situated in Midtown South between 5th and 6th Avenues, presents a compelling investment opportunity. The property boasts a substantial 11,280 to 19,750 square feet of space, currently configured with open floor plans allowing for flexible use and customization to suit various business needs. The asking price is $8,250,000, translating to a price per square foot of $731. The master lease expires in December 2024, providing a significant opportunity for repositioning the property or owner-user occupancy. The building's strategic location offers unparalleled access to major transportation hubs, including Penn Station, and numerous subway lines (1,2,3,B,D,F,M,N,Q,R,W), as well as the LIRR and Amtrak. Nearby attractions such as Madison Square Garden, the Empire State Building, and Bryant Park further enhance its desirability. Adding to its potential, the property includes 8,470 square feet of available air rights, presenting significant upside for future development. The lot size is 1,975 square feet, and the permitted zoning is M1-6. This is a rare chance to acquire a well-located, adaptable office building in a thriving New York City market.
Highlights
Six-story, 11,280 square foot elevator building in Midtown South, between 5th and 6th Avenues.
Master lease expiration in December 2024 presents repositioning or owner-user potential.
Flexible open floor plans.
Excellent Midtown South location near Penn Station, Madison Square Garden, Empire State Building, and Bryant Park.
Abundant transit options including LIRR, Amtrak, and numerous subway lines (1, 2, 3, B, D, F, M, N, Q, R, W).
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Contacts
Michael Tortorici
Howard Raber
Jake Brody
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34 36Th St, New York, New York, 10018
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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34 36Th St
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