350 38Th St New York, NY 10018

This exceptional six-story commercial office building, located at 350 West 38th Street in Manhattan's vibrant Garment District, offers 29,628 square feet of space. Currently vacant upon sale, the property boasts a prominent 50-foot frontage on West 38th Street, situated between Eighth and Ninth Avenues. Zoned C6-4M/GC, it allows for significant development potential. The maximum commercial zoning floor area (ZFA) permitted is 49,380 square feet, with nearly 20,000 square feet of available air rights for commercial or community development. Residential conversion options are also available, with a maximum floor area ratio (FAR) of 6.5 permitting a ZFA of 32,097 square feet, or a 12.0 FAR allowing for a ZFA of 59,256 square feet under Inclusionary Housing guidelines. This presents a unique opportunity to create a luxury residential building or hotel in a highly sought-after Manhattan location. The property's central location within the bustling Garment District ensures high visibility and accessibility. This is a rare chance to acquire a substantial property with considerable development flexibility in one of Manhattan's most dynamic neighborhoods. The building's existing structure provides a solid foundation for a wide range of redevelopment projects, catering to diverse investment strategies and future uses. The substantial air rights further enhance the property's value and potential return on investment.