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41 W 36th St 10,000 SF Office Building New York, NY 10018 For Sale



INVESTMENT HIGHLIGHTS
- Investment opportunity with more than 26,000 sq ft of air rights, which, paired with the R12 zoning district, results in a maximum FAR of up to 18.
- Walkable to world-class dining, luxury retail, and cultural landmarks, creating an amenity-rich environment that attracts talent and clientele.
- Prime Midtown Manhattan address surrounded by a dense mix of corporate offices, retail, and hospitality, offering unmatched visibility and prestige.
- Exceptional transit connectivity with immediate access to Penn Station, Grand Central Terminal, and multiple subway lines, ensuring convenience.
- Located in one of the nation’s most dynamic business districts, with a daytime population of hundreds of thousands and strong purchasing power.
EXECUTIVE SUMMARY
Opportunity in the heart of Midtown Manhattan, offering mixed-use zoning that accommodates both commercial and residential applications. This flexibility opens the door for investors and developers to reposition the asset as a premier redevelopment project or maintain its current configuration for income-producing purposes. The seller is also open to a partial interest transfer, creating an attractive entry point for strategic partnerships.
Surrounded by world-class amenities, the property sits steps from iconic landmarks such as the Empire State Building and Bryant Park, with Times Square and Madison Square Garden just minutes away. The neighborhood boasts an unparalleled concentration of luxury hotels, fine dining establishments, and vibrant retail corridors along Fifth Avenue and Herald Square. This dynamic environment attracts a diverse demographic of professionals, tourists, and residents, supported by a daytime population in the hundreds of thousands and strong purchasing power.
Transportation access is exceptional, with Penn Station, Grand Central Terminal, and multiple subway lines within walking distance, ensuring seamless connectivity across the city and beyond. The area’s robust infrastructure and high foot traffic make this location ideal for redevelopment into boutique residential units, mixed-use retail, or a flagship commercial presence.
This offering combines zoning versatility, prime Midtown positioning, and proximity to cultural and business hubs, making it a compelling acquisition for investors seeking long-term value in one of the most competitive real estate markets in the world.
Surrounded by world-class amenities, the property sits steps from iconic landmarks such as the Empire State Building and Bryant Park, with Times Square and Madison Square Garden just minutes away. The neighborhood boasts an unparalleled concentration of luxury hotels, fine dining establishments, and vibrant retail corridors along Fifth Avenue and Herald Square. This dynamic environment attracts a diverse demographic of professionals, tourists, and residents, supported by a daytime population in the hundreds of thousands and strong purchasing power.
Transportation access is exceptional, with Penn Station, Grand Central Terminal, and multiple subway lines within walking distance, ensuring seamless connectivity across the city and beyond. The area’s robust infrastructure and high foot traffic make this location ideal for redevelopment into boutique residential units, mixed-use retail, or a flagship commercial presence.
This offering combines zoning versatility, prime Midtown positioning, and proximity to cultural and business hubs, making it a compelling acquisition for investors seeking long-term value in one of the most competitive real estate markets in the world.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
10,000 SF
Building Class
B
Year Built
1935
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
1,539 SF
Building FAR
4.59
Lot Size
0.05 AC
Zoning
M1-9A/R12 - Light Manufacturing Zoning District and High-Density Residential Zoning District.
AMENITIES
- Bus Line
- Metro/Subway
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 0838-0020 | Improvements Assessment | $533,340 |
| Land Assessment | $297,000 | Total Assessment | $830,340 |
PROPERTY TAXES
Parcel Number
0838-0020
Land Assessment
$297,000
Improvements Assessment
$533,340
Total Assessment
$830,340
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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Presented by
Bijan Beroukhim
41 W 36th St
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