335 38Th St New York, NY 10018

Property Details for 335 38Th St

Property size

8,000 SF

Property type

Office Properties & Spaces

Property subtype

Office space

Description

This exceptional offering presents two contiguous floors, each 4,000 square feet, within a Class A Art Deco building at 335 West 38th Street, New York, NY 10018. Located in the vibrant Hudson Yards neighborhood between 8th and 9th Avenues, this vacant property boasts a combined 8,000 square feet of adaptable live/work space. Each floor features 11-foot ceilings, double-insulated windows, and a flexible open floor plan ideal for customization. The third floor includes a chef's kitchen with high-end appliances (GE Monogram refrigerator/freezer, Thermador ovens and range, Miele dishwasher, and wine cooler), a double living room, formal dining area, potential for up to five bedrooms or offices, and three full bathrooms (one with dual showers, jacuzzi tub, and bidet). Both floors offer abundant storage, a laundry room with full-size washer/dryer, and central air conditioning. A private locked storage space in the basement is also included. The fourth floor provides similar expansive space, perfect for residential living and business operations. This property is offered at $7,750,000 with a 5.00% cap rate and is designated as a NNN lease. The legal live/work designation adds significant flexibility, making it a highly desirable investment opportunity in a rapidly developing area with excellent transportation access and amenities. This unique property is perfect for investors or end-users seeking a blend of modern convenience and prime Manhattan location.

Location Insight

City

New York

County

New York

State

New York

Longitude

-73.9933

Latitude

40.7554