354 38Th St New York, NY 10018
- Retail properties
- 40,705 SF
Current Use by Public Records
- Esposito Sausage / Meat Wholesaler
- Geeks Plus Computer Repair / Computer Repair Service
Property Details for 354 38Th St
- Property size
- 40,705 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional investment opportunity presents a portfolio of five mixed-use buildings totaling 40,705 square feet, strategically located in the Hudson Yards vicinity of New York City, NY 10018. The portfolio comprises 44 units, a blend of residential and retail spaces, spread across five buildings with a combined five stories. The buildings are situated on multiple addresses including 354 W 38th St, 498 9th Ave, 496 9th Ave, 507 9th Ave, and 509 9th Ave, all within New York County. The property boasts a substantial lot size of 14,298 square feet, with an additional 39,700 square feet of air rights. The permitted zoning is C1-7A, HY. Building construction dates vary, with some structures originally built in 1920 and others significantly renovated or altered as late as 2004. The portfolio offers a unique blend of building classes, including walk-up apartments and one-story retail buildings. This presents a rare chance to acquire a significant real estate holding in a highly desirable Manhattan location. The individual building sizes range from approximately 2,466 square feet to 12,151 square feet, with unit counts varying from one to fifteen per building. This diverse portfolio offers significant potential for future development and income generation. The property's prime location and substantial size make it an attractive investment for both seasoned and emerging real estate investors.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9941
- Latitude
- 40.7557
