Property summary
This exceptional 28,768 square foot commercial property at 438 West 37th Street in New York, NY 10018 presents a unique investment opportunity. The building, categorized as retail, office, and industrial space, features a desirable executive office and manufacturing subtype. Boasting soaring 13'4" ceilings and expansive north and south facing windows, the space offers abundant natural light and impressive volume. The layout includes unique, larger floor plates with the possibility of a two-floor contiguous block. The property benefits from very low carrying costs, further enhancing its financial appeal. Recent renovations include a newly updated lobby and other building improvements. Attractive financing options are available, with up to 90% financing potentially accessible. The building's strategic location offers unparalleled convenience and prestige. It is situated next to notable establishments including the Baryshnikov Arts Center, Chef's Table at Brooklyn Fare, Uncle Jack's Steakhouse, Walt Frazier's, Legacy Records, and Peloton's corporate headquarters. Across the street, the Brooklyn Fare gourmet store provides convenient and high-quality lunch options for tenants and employees. The asking price for this remarkable property is $18,699,000, translating to a price per square foot of $650. This presents a compelling investment opportunity in a vibrant and highly sought-after New York City location.
Property profile
VerifiedCap rate & NOI
Current use
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Marketing & Advertising
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Architectural Designer Interior Designer
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Media Distribution
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Photography Service (Bike/Boat/Book/etc) Store
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Film Production Television Studio
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
R8A · New York, NYZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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