Contacts

Chris Varjan

Lee & Associates - New York

Property Details

Property Type Office - General Office
Property Size 69,718 SF
Lot Size 0.15 Acre
Additional Rent Contact for pricing
Property Tenancy Multi-Tenant
Building Class B
Year Built 1912
Year Renovated 2010
Date Updated Oct 8, 2024

Frontage on West 37th Street between 5th Avenue and 6th AvenueLee & Associates NYC is pleased to exclusively offer for sale the office building located at 20 West 37th Street, New York, NY 10018. (the “Property”). Situated in the heart of Midtown Manhattan, the Property is at the vortex of some of New York City’s main transportation arteries including Bryant Park, Grand Central Station, and Penn Station. The current layout includes basement, ground and mezzanine level retail space, delivered vacant, with 11 floors of office space above featuring four current tenants on single floors. The Property features an assumable loan with a maturity of January 10, 2027 at an interest rate of approximately 4.7%. 20 West 37th Street represents the opportunity for an investor to own a mixed-use asset in a prime submarket of Manhattan at below replacement cost with in-place financing at an extremely competitive rate, or offers a potential user the opportunity for a New York City flagship location.

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Highlights

Near-term vacancies ideal for immediate renovation and rapid execution of planned capital improvements
Floor plan allows for easily divisible spaces to serve a wide range of tenant needs
Immediate vacancy allows for users to capitalize on owner-occupying space
Proximity to one of New York City’s premier transit hubs: Grand Central Terminal
Value-add office asset ideally located in the heart of Midtown

Getting around

99/100
Walk Score ®
100/100
Transit Score ®
85/100
Bike Score ®

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City New York, NY
Neighborhood Garment District
Zip Code 10018
Market Manhattan

Points of Interest

34th Street & Broadway at Northwest Corner

0.19 miles
5th Avenue

0.25 miles
33rd Street

0.26 miles
Grand Central

0.31 miles
33rd St / 7th Av

0.34 miles
Times Square

0.35 miles
Grand Central 42nd Street / Vanderbilt Avenue entrance

0.36 miles
7th Avenue & 33rd Street at Northwest Corner

0.36 miles
43rd / Vanderbilt

0.37 miles
Grand Central 42nd Street entrance

0.38 miles

ChargePoint

0.51 miles
Tesla Supercharger

0.70 miles
Blink

0.77 miles
Mobil

0.79 miles
Bus Charging Station

0.81 miles
BP

1.20 miles
Citgo

1.83 miles
Gulf

2.05 miles
Sunoco

2.09 miles

SP+

0.24 miles
City Parking

0.25 miles
Icon

0.31 miles
Select Garages

0.31 miles
Hippodrome Parking

0.36 miles
Red Ball Garage

0.52 miles
Icon Parking

0.52 miles
intlFcstone 10022 LOCi Multi

0.57 miles
Quik Park Garage

0.63 miles
iClean

1.85 miles

Fairfield Inn

0.03 miles
The Draper

0.03 miles
SpringHill Suites

0.04 miles
Marriott Vacation Club, New York City

0.04 miles
LeSoleil

0.06 miles
Best Western

0.06 miles
Hyatt Place New York/Midtown-South

0.07 miles
Hotel Hendricks

0.08 miles
Holiday Inn Express

0.08 miles
Embassy Suites by Hilton

0.08 miles

Muji

0.20 miles
Macy's

0.22 miles
Sunrise Mart

0.23 miles
Target

0.24 miles
H Mart

0.25 miles
Koreatown Shopping Court

0.25 miles
Manhattan Mall

0.26 miles
Whole Foods Market

0.27 miles
Mrs. K's

0.37 miles
D'Agostino

0.45 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.