28-30 West 37th Street

For Sale

28-30 West 37th Street, New York, NY 10018

This New York property for sale is located at 28-30 West 37th Street. The current listed sale price for 28-30 West 37th Street is $10,500,000. 28-30 West 37th Street is situated on a lot that is 0.11 acre in size.

Contacts

broker
Bob Knakal

BKREA

Property Details

  • Property Type VacantLand
  • Property Size 10,281 SF
  • Lot Size 0.11 Acre
  • Additional Rent Contact for pricing
  • Date Updated Dec 10, 2024
BKREA has been exclusively retained to arrange for the sale of 28-30 West 37th Street (“The Property”), a vacant commercial building spanning 10,281 SF. The property is located on the south side of West 37th Street between Fifth and Sixth Avenues in Midtown, one of the most coveted commercial hubs in Manhattan. The existing 2-story structure was built in 1996 and sits on a 4,758 SF lot and boasts approximately 50’ of frontage.BKREA has been exclusively retained to arrange for the sale of 28-30 West 37th Street (“The Property”), a vacant commercial building spanning 10,281 SF. Located on the south side of West 37th Street between Fifth and Sixth Avenues in Midtown, one of the most coveted commercial hubs in Manhattan. The existing 2-story structure was built in 1996 and sits on a 4,758 SF lot and boasts approximately 50’ of frontage. The property currently comprises three identical ground-floor retail units and one contiguous space above them on the second floor. Each ground-floor retail unit also includes a mezzanine space. The ground floor boasts approximately 22-foot ceiling heights, while the second floor offers 10-foot ceiling heights. With the property currently vacant, a prospective user buyer could promptly occupy the premises and enjoy the benefits of ownership. Beyond its immediate user potential, 28-30 West 37th Street holds appeal for value-add investors who could refurbish the commercial spaces to attract tenants. Additionally, thanks to the advantageous M1-6 zoning, there's potential for a developer to demolish the existing structure and construct a new building, leveraging a 10 FAR for a total as-of-right ZFA of 47,580. Furthermore, with Mayor Eric Adams' proposed "Midtown South Mixed-Use Plan" rezoning, there's the possibility of future residential development. 28-30 West 37th Street is an amazing opportunity due to its favorable Midtown location. Local cultural amenities within walking distance to the property include the Empire State Building, Bryant Park, and the original Macy’s. 7 West 36th Street also benefits from direct access to a multitude of subway lines including the 1, 2, 3, A, C, E located at Penn Station, B, D, F, M, N, Q, R, W lines located at 34th Street Herald Square and the 4, 5, 6, 7, S located at Grand Central Station.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • City of Yes Rezoning- City Planning has proposed plans for a rezoning of M-zoned properties in the district to allow for residential as-of-right
  • User Opportunity- Due to the building’s current vacancy, a user could immediately occupy and benefit from the rights of ownership
  • Development Potential- Because the current structure is not fully utilized, a prospective developer could leverage the potential of the 47,580 square feet
  • Value Add- Investors have the opportunity to renovate and lease up the current building, taking advantage of the desirable 22-foot ceiling heights
  • Proximity to Midtown CBD- Prominent Fortune 500 Companies such as LinkedIn and Morgan Stanley are located in Midtown Manhattan
  • Excellent Transportation- Proximate to several transportation hubs including Penn Station, Grand Central Station, 34th Street- Herald Square and Port Authority

Getting around

  • 99/100

    Walk Score ®

  • 100/100

    Transit Score ®

  • 85/100

    Bike Score ®

Powered by Walk Score ®

Location

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

Points of Interest

  • 34th Street & Broadway at Northwest Corner

    0.18 miles

  • 5th Avenue

    0.25 miles

  • 33rd Street

    0.26 miles

  • 33rd St / 7th Av

    0.32 miles

  • Grand Central

    0.32 miles

  • Times Square

    0.34 miles

  • 7th Avenue & 33rd Street at Northwest Corner

    0.34 miles

  • Grand Central 42nd Street / Vanderbilt Avenue entrance

    0.37 miles

  • No. 2 Penn Plaza Entrance

    0.37 miles

  • 43rd / Vanderbilt

    0.38 miles

  • ChargePoint

    0.52 miles

  • Tesla Supercharger

    0.71 miles

  • Blink

    0.75 miles

  • Mobil

    0.77 miles

  • Bus Charging Station

    0.82 miles

  • BP

    1.21 miles

  • Citgo

    1.84 miles

  • Gulf

    2.07 miles

  • Sunoco

    2.10 miles

  • SP+

    0.24 miles

  • City Parking

    0.25 miles

  • Icon

    0.30 miles

  • Select Garages

    0.33 miles

  • Hippodrome Parking

    0.36 miles

  • Icon Parking

    0.51 miles

  • Red Ball Garage

    0.53 miles

  • intlFcstone 10022 LOCi Multi

    0.59 miles

  • Quik Park Garage

    0.64 miles

  • iClean

    1.85 miles

  • Fairfield Inn

    0.03 miles

  • SpringHill Suites

    0.03 miles

  • Marriott Vacation Club, New York City

    0.03 miles

  • The Draper

    0.05 miles

  • LeSoleil

    0.05 miles

  • Best Western

    0.05 miles

  • Hyatt Place New York/Midtown-South

    0.06 miles

  • Embassy Suites by Hilton

    0.07 miles

  • Holiday Inn Express

    0.07 miles

  • The Kixby

    0.07 miles

  • Macy's

    0.21 miles

  • Muji

    0.21 miles

  • Target

    0.22 miles

  • Sunrise Mart

    0.24 miles

  • H Mart

    0.25 miles

  • Manhattan Mall

    0.25 miles

  • Koreatown Shopping Court

    0.26 miles

  • Whole Foods Market

    0.27 miles

  • Mrs. K's

    0.37 miles

  • D'Agostino

    0.47 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.

Contact Listing Broker
broker
Bob Knakal

BKREA