236 W 72nd St 15,771 SF Vacant Office Building New York, NY 10023 $9,990,000 ($633.44/SF)

Located on a bustling, high-traffic block of West 72nd Street, this six-story elevator building boasts approximately 15,771 square feet of space on a 25' x 102' lot. The building's historic charm is complemented by modern amenities, high ceilings, and abundant natural light from north, south, and west exposures.
This turnkey property is a rare find in one of New York City's most desirable neighborhoods. With its flexible C4-6A zoning, the building can be adapted for a variety of uses, including:
• Luxury Condominiums: Capitalize on the high demand for residential properties in the area.
• Corporate Headquarters: Establish a prestigious address for your business.
Investment Highlights
• Delivered Vacant (partial leaseback option): The property will be delivered vacant, providing a turnkey opportunity for the new owner to immediately begin their project without the complexities of existing leases.
• Unmatched Flexibility: The building's size, location, and zoning allow for a wide range of potential uses, offering investors and developers a multitude of options to maximize their return on investment.
• High ceilings spanning from 11.5 ft high - 14.5 ft high
• Expansion Potential: The property includes additional air rights, offering the potential to expand the building and add significant value. Subject to landmark approvals
• Prime Upper West Side Location: Situated just steps from Central Park, Lincoln Center, and major subway lines, 236 West 72nd Street offers unparalleled access to the best of New York City.
• Strong Market Fundamentals: The Upper West Side is a thriving market with strong demand for both residential and commercial properties, ensuring long-term value and stability.
This is a rare opportunity to acquire a significant and versatile asset in one of Manhattan's most sought-after neighborhoods. Contact Jade Shenker jade@serhant.com to schedule a tour.