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4-16 W 43rd St 125,530 SF 100% Leased Office Building New York, NY 10036 For Sale
INVESTMENT HIGHLIGHTS
- 125,530± buildable square foot residential development potential (10 FAR)
- Opportunity for 180,000+ buildable square feet (14.4x FAR) with the new City of Yes program
- Meticulously maintained 72,500+ square foot building offers an exceptional user opportunity including school, dorm, medical, private club or officeuse
- MiD allows for an additional 2x FAR amenity bonus as per ZR 81-241, increasing the total BSF to 150,636
- Boasting 125’ of frontage along West 43rd Street
- Irreplaceable Location One Block from Bryant Park, Grand Central Terminal & Times Square
EXECUTIVE SUMMARY
Avison Young has been exclusively engaged to offer for sale 4 West 43rd Street (the “Property”), a to-be-delivered-vacant 7-story plus penthouse commercial property boasting 125’ of frontage on the south side of West 43rd Street between 5th Avenue and 6th Avenue in the Bryant Park neighborhood of Midtown Manhattan. The Property was originally constructed in the 1890s and has been meticulously maintained throughout the years. Today the Art-Deco building spans 72,568± square feet and comprises an event space on the ground floor and seven stories of office space above, featuring over 10’ ceiling heights throughout.
Additionally, the Property boasts tremendous development potential as it is situated on a 125’ x 100’ lot, allowing for 125,530± buildable square feet for residential (with potential for an additional 2x FAR through ZR 81-241) and 150,636± buildable square feet for commercial development in Manhattan’s premier office market and fastest-growing residential market. The development project will boast sweeping New York City views, including stunning southern views of the New York Public Library and the Empire State Building.
Additionally, the Property boasts tremendous development potential as it is situated on a 125’ x 100’ lot, allowing for 125,530± buildable square feet for residential (with potential for an additional 2x FAR through ZR 81-241) and 150,636± buildable square feet for commercial development in Manhattan’s premier office market and fastest-growing residential market. The development project will boast sweeping New York City views, including stunning southern views of the New York Public Library and the Empire State Building.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
125,530 SF
Building Class
B
Year Built
1900
Percent Leased
100%
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
15,691 SF
Slab To Slab
12’
Building FAR
9.94
Lot Size
0.29 AC
Zoning
C6-4.5 - Regional commercial center located outside of the central business districts
AMENITIES
- Bus Line
- Metro/Subway
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Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 1258-0042 | Improvements Assessment | $4,697,550 |
| Land Assessment | $5,310,000 | Total Assessment | $10,007,550 |
PROPERTY TAXES
Parcel Number
1258-0042
Land Assessment
$5,310,000
Improvements Assessment
$4,697,550
Total Assessment
$10,007,550
CONTACTS
-
Alexandra Marolda -
James Nelson -
Charles Kingsley -
Eric Karmitz -
Brandon Polakoff -
Avison Young
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
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4-16 W 43rd St
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