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    34 36Th St New York, NY 10018

    For Sale
    $8,250,000

    Prime NYC location, high potential, flexible space.

    Property size:
    11,280 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    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.

    Property Features for 34 36Th St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    11,280 SF

    Building Details

    Stories
    6

    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).
    • 8,470 square feet of available air rights.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dynamex Business To Business Service Chocolat Blu Shoe Store Green Air Care ... Air Duct Cleaning Service TForce Logistics - New ... Trucking Company silver18.com Silversmith

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Law Firm Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.985281
    Latitude
    40.7501977

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    FAQs

    What type of property is this?
    Mixed-use property - Prime NYC location, high potential, flexible space.
    Where is this mixed-use property located?
    The property is located at 34 36Th St New York, NY.
    What is the asking price?
    The asking price for this property is $8,250,000.
    What are key features of this property?
    This property features: 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.
    Request Owner's contact information
    34 36Th St New York, NY 10018
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    34 36Th St New York, NY 10018
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