400 57Th St New York, NY 10019
- Hospitality properties
- 105,000 SF
Current Use by Public Records
- World Hunger Foundation / Charity
- Diamond Security Services Ltd / Security Guard Service
- Furnished Quarters / Short Term Apartment Rental Agency / Furnished Apartment Building
- Sphere / Parking Garage
- GroveWare / Software Company
Property Details for 400 57Th St
- Year built
- 1881
- Property size
- 105,000 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This 105,000 square foot, seven-story elevator apartment building at 400 W 57th St, New York, NY 10019, sits on a 12,542 square foot lot (125.42 ft x 100 ft). Built in 1881 and renovated in 2018, the property is currently vacant. Zoned R8, C1-8, and C1-5, it offers significant redevelopment potential with a Residential FAR of 7.52 and a Facility FAR of 10, allowing for a range of residential, commercial, or mixed-use projects. The property boasts 125 feet of frontage on West 57th Street, providing excellent visibility in a high-traffic area. Its prime location in the Clinton/Hell's Kitchen neighborhood offers easy access to major subway lines (A, B, C, D, 1, and N/Q/R/W), Central Park, Columbus Circle, and Billionaire's Row. Annual property taxes are $237,807. This exceptional investment opportunity combines immediate rental income potential with substantial long-term growth prospects in a rapidly developing Manhattan neighborhood. The property's existing infrastructure provides a solid foundation for a variety of development scenarios, capitalizing on the area's thriving commercial and residential growth. This is a unique chance to create long-term value in one of Manhattan's most dynamic districts.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9856
- Latitude
- 40.7678
