Map of Property

355 Seventh Ave

For Sale

355 Seventh Ave, New York, NY 10001

This New York property for sale is located at 355 Seventh Ave. Contact the listing broker for details on the current sale price for 355 Seventh Ave. 355 Seventh Ave is situated on a lot that is 1.48 acre in size.

Contacts

broker
Bob Knakal

BKREA

Property Details

  • Property Type VacantLand
  • Property Size 10,500 SF
  • Units 20
  • Lot Size 1.48 Acre
  • Year Built 1920
  • Date Updated Mar 3, 2025
BKREA has been exclusively retained to arrange the sale of 355 Seventh Avenue ("The Site"), a premier development opportunity in the heart of Midtown Manhattan. Located at the southeast corner of Seventh Avenue and West 30th Street, the site features 121feet of wraparound frontage in a prime location. Currently zoned for commercial use, the site stands to benefit from the Midtown South Rezoning Initiative, offering developers the opportunity to capitalize on strong demand for residential projects alongside favorable retail economics, just steps from Penn Station. 355 Seventh Avenue enjoys a strategic location near major landmarks, including Penn Station, Madison Square Garden, and Hudson Yards. The area experiences high foot traffic and excellent accessibility, making it ideal for business, retail, or residential development. The site offers direct access to multiple subway lines, including the 1, 2, 3, A, C, and E trains at Penn Station, with nearby connections to the B, D, F, M, N, Q, R, and W lines at 34th Street-Herald Square. This unparalleled convenience further enhances the site's development potential.BKREA has been exclusively retained to arrange the sale of 355 Seventh Avenue ("The Site"), a premier development opportunity in the heart of Midtown Manhattan. Located at the southeast corner of Seventh Avenue and West 30th Street, the site features 121feet of wraparound frontage in a prime location. Currently zoned for commercial use, the site stands to benefit from the Midtown South Rezoning Initiative, offering developers the opportunity to capitalize on strong demand for residential projects alongside favorable retail economics, just steps from Penn Station. 355 Seventh Avenue enjoys a strategic location near major landmarks, including Penn Station, Madison Square Garden, and Hudson Yards. The area experiences high foot traffic and excellent accessibility, making it ideal for business, retail, or residential development. The site offers direct access to multiple subway lines, including the 1, 2, 3, A, C, and E trains at Penn Station, with nearby connections to the B, D, F, M, N, Q, R, and W lines at 34th Street-Herald Square. This unparalleled convenience further enhances the site's development potential.
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Highlights

  • New Zoning Opportunity - The Midtown South Mixed-Use Plan (MSMX) transforms 42 blocks of Manhattan into a high-density, mixed-use district, allowing for nearly 10,000 new homes, including affordable units, alongside commercial and manufacturing spaces.
  • Vacant Possession - The existing building can be delivered vacant, offering significant time and cost savings by eliminating the need for tenant buyouts. This
  • allows for immediate redevelopment, streamlining business plans and accelerating project timelines.
  • Landmark Air Rights - Ownership has the ability to acquire approximately 19,310 square feet of development air rights for residential use, providing an opportunity to expand housing capacity under the new Midtown South rezoning.
  • Coveted Location - 355 Seventh Avenue is ideally located on the border of Midtown South and Chelsea, steps away from Penn Station, allowing developers
  • to benefit from strong demand drivers in a rapidly growing area.
  • Advantageous Accessibility - The site is a 6-minute walk from 34th Street- Herald Square, providing access to subway lines B,D, F, M,N, Q,R, and W.
  • Covered Land Play - This development site offers a unique as-is cash flow opportunity while waiting for MSMX approval. With existing commercial income in place, investors can generate revenue while finalizing plans, securing permits, or awaiting optimal market conditions for redevelopment.

Getting around

  • 100/100

    Walk Score ®

  • 100/100

    Transit Score ®

  • 92/100

    Bike Score ®

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Location

  • City New York, NY
  • Neighborhood Chelsea
  • Zip Code 10001
  • Market Manhattan

Points of Interest

  • 28th Street

    0.09 miles

  • No. 2 Penn Plaza Entrance

    0.11 miles

  • 7th Avenue & 33rd Street at Northwest Corner

    0.17 miles

  • 33rd Street

    0.19 miles

  • 33rd St / 7th Av

    0.20 miles

  • Moynihan Train Hall

    0.22 miles

  • 34th Street & Broadway at Northwest Corner

    0.26 miles

  • Broadway & 23rd Street at Northeast Corner

    0.51 miles

  • Broadway & 23rd Street at Southeast Corner

    0.52 miles

  • Times Square

    0.61 miles

  • ChargePoint

    0.22 miles

  • Blink

    0.49 miles

  • Mobil

    0.61 miles

  • Tesla Supercharger

    1.14 miles

  • BP

    1.30 miles

  • Citgo

    2.20 miles

  • Gulf

    2.32 miles

  • Sunoco

    2.51 miles

  • City Parking

    0.25 miles

  • SP+

    0.29 miles

  • Icon Parking

    0.43 miles

  • Icon

    0.51 miles

  • Lot 9

    0.56 miles

  • Lot 10

    0.59 miles

  • Select Garages

    0.61 miles

  • MPG Manhattan Parking: MP Hudson

    0.64 miles

  • iClean

    2.26 miles

  • Rapid Park

    5.34 miles

  • Stewart Hotel

    0.04 miles

  • Courtyard Marriot

    0.06 miles

  • Hotel Hayden

    0.10 miles

  • DoubleTree

    0.10 miles

  • Hotel Indigo

    0.10 miles

  • Hampton

    0.11 miles

  • Cambria Hotel & Suites

    0.11 miles

  • Holiday Inn Express

    0.12 miles

  • Hilton Garden Inn

    0.12 miles

  • Eventi

    0.14 miles

  • Manhattan Mall

    0.18 miles

  • Target

    0.22 miles

  • Macy's

    0.25 miles

  • H Mart

    0.26 miles

  • Whole Foods Market

    0.27 miles

  • Fairway Market

    0.27 miles

  • Gristedes

    0.27 miles

  • Koreatown Shopping Court

    0.35 miles

  • Westside Market

    0.35 miles

  • Ideal Food Basket

    0.37 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

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