68 King St New York, NY 10014
- Office Properties & Spaces
- 125,900 SF
Current Use by Public Records
- HARBOR / Film Production Company
- HARBOR SOUND / Video Editing Service
Property Details for 68 King St
- Property size
- 125,900 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional 6-story office building at 68-76 King Street in New York City's Hudson Square offers 68,476 square feet of existing space and significant development potential. With 125,900 buildable square feet as-of-right, and multiple avenues to increase the floor area ratio (FAR) through voluntary inclusionary housing and MTA subway bonuses, this property presents a unique opportunity. The building boasts 226 feet of wraparound frontage on King and Varick Streets, providing excellent visibility and access. Its prime location at the nexus of SoHo, Tribeca, and the West Village makes it ideal for various development options, including residential condominiums, rental apartments, or a trophy Class-A office building. Nearby developments by prominent firms like Related, Extell, Toll Brothers, Google, and Disney showcase the area's desirability and potential for high-value projects. This is a rare chance to acquire a substantial property in one of Manhattan's most sought-after neighborhoods. The existing building offers immediate end-user commercial opportunities, while the significant development potential allows for substantial future returns. The property's zoning allows for a buildable square footage ranging from 151,080 to 181,296 square feet, depending on the chosen development strategy. This is a truly remarkable opportunity for investors and developers alike.
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
- -74.0058
- Latitude
- 40.7278
