34 28th St New York, NY 10001-4201

Property Details for 34 28th St

Year built

1910

Lot size

0.06 lot acres

Property size

14,606 SF

Zone code

M1-6

Property type

Office buildings

APN

00829-0063

APU

8290063

Description

This 6-story, 14,606 square foot Class B creative office building in NoMad, Manhattan (34 W 28th St, zip code 10001) is currently vacant, presenting a unique value-add opportunity. The property is zoned M1-6 and boasts significant air rights (12,894 sq ft currently, with potential for substantial increase upon passage of the Midtown South Mixed-Use rezoning plan, potentially allowing for residential use). Its prime location offers easy access to the R and W subway lines at 28th Street and is surrounded by luxury hotels and major landmarks, including the Empire State Building and Madison Square Garden. The building's proximity to the Penn District's ongoing $6 billion revitalization project, creating a major transit hub, further enhances its investment potential. The complete gut renovation leaves the space ready for immediate customization to suit a variety of uses, whether for an owner-occupier or investor seeking to capitalize on the area's growth and the potential for increased FAR. This presents a rare chance to acquire a strategically located asset in a rapidly developing neighborhood.