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136 W 44th St 0.12 Acres of Commercial Land in New York, NY 10036
INVESTMENT HIGHLIGHTS
- The favorable C6-5.5, MiD allows residential, commercial, and Universal Affordability Preference enabling the execution of a variety of business plans
- Ownership has the ability to transfer approximately 14,018 square feet of development rights for commercial and UAP uses. Additionally, the future dev
- The site is a 3-minute walk from The Times Square – 42nd Street station providing access to subway lines 1, 2, 3, 7, A, C, E, N, Q, R, and W.
- A portion of the site has already been demolished and the existing building will be delivered vacant, providing time and cost savings.
- 136- 140 West 44th Street is ideally located in the heart of the Theater District of Midtown allowing developers to benefit from the unmatched demand
EXECUTIVE SUMMARY
The offering includes the potential to access approximately 14,018 square feet of development rights from the adjacent building at 142 West 44th Street, enabling a total buildable area of up to 74,270 square feet. Developers may also pursue offsite UAP certificates to unlock full market-rate residential FAR. The site qualifies for multiple zoning bonuses, including a 20% FAR increase for transit improvements and landmark air rights transfers under the City of Yes initiative, streamlining approvals and expanding density potential.
Positioned just steps from Times Square, Bryant Park, and Grand Central Terminal, the site benefits from unmatched transit access via the 1, 2, 3, 7, A, C, E, N, Q, R, S, W, B, D, F, and M subway lines. The surrounding neighborhood offers world-class entertainment, dining, and retail, making it ideal for hotel, residential, or mixed-use development. With Midtown’s hotel supply constrained and demand surging ahead of the 2026 FIFA World Cup, this site is exceptionally well-positioned for hospitality investment.
PROPERTY FACTS
| Sale Type | Investment | Property Type | Land |
| Sale Condition | Redevelopment Project | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.12 AC |
| Zoning | C6 - C6 districts permit a wide range of high-bulk commercial uses requiring a central location | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.12 AC |
| Zoning | C6 - C6 districts permit a wide range of high-bulk commercial uses requiring a central location |
1 LOT AVAILABLE
Lot
| Lot Size | 0.12 AC |
| Lot Size | 0.12 AC |
DESCRIPTION
Positioned in the heart of Brooklyn’s East Flatbush neighborhood, 1611 E New York Avenue is a freestanding commercial building offering strong visibility and access in a high-density urban corridor. The structure features a traditional brick façade with large street-facing windows and a flat roofline, typical of mid-20th-century commercial construction. Its corner-lot placement enhances exposure to both vehicular and pedestrian traffic, making it well-suited for a variety of commercial uses. The property is surrounded by a mix of residential housing, local businesses, and institutional anchors, including nearby schools and healthcare facilities. It benefits from proximity to major thoroughfares such as Linden Boulevard, Eastern Parkway, and Rockaway Parkway, as well as access to the LIRR East New York station and multiple MTA bus lines. This location provides seamless connectivity to Downtown Brooklyn, JFK Airport, and other key borough destinations. The surrounding East Flatbush area is known for its cultural vibrancy, strong community ties, and ongoing investment in infrastructure and housing. The building’s scale and layout make it a candidate for repositioning or adaptive reuse, depending on the buyer or tenant’s vision.
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136 W 44th St
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