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515 W 43rd St - Development Site 0.23 Acres of Commercial Land Offered at $26,000,000 in New York, NY 10036
INVESTMENT HIGHLIGHTS
- Condominium Location
- Block-Through
- Can be Delivered Vacant
- 60,000 BSF as-of-right and over 80,000 BSF with inclusionary housing.
EXECUTIVE SUMMARY
The subject site is located on the same street as several highly publicized new developments, including Moinian Group's luxury rental project (Oskar), El Ad 16-story, 123 unit, condo and rental block-through (Charlie West), DHA Capital's 300-unit luxury block-through rental, and Xin Development International’s 92-unit, full block condominium building between West 44th & 45th Streets.
The property is in close proximity to the A, C, and E subway lines on 42nd Street and 8th Avenue and the Port Authority Bus Terminal. The area also benefits from the 7 Train extension to Hudson Yards. 515-519 West 43rd Street is at the intersection of Midtown West, Times Square and Hudson Yards, and is flooded with great restaurants, trendy nightspots and stylish boutiques. The electricity of Times
Square, the mecca of theater entertainment on Broadway and the Hudson River Greenway are all within walking distance.
PROPERTY FACTS Under Contract
| Price | $26,000,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Total Lot Size | 0.23 AC | |
| No. Lots | 1 | ||
| Zoning | R9 - High density residential district | ||
| Price | $26,000,000 |
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.23 AC |
| Zoning | R9 - High density residential district |
1 LOT AVAILABLE
Lot 21
| Price | $26,000,000 | Lot Size | 0.23 AC |
| Price Per AC | $113,018,417.66 |
| Price | $26,000,000 |
| Price Per AC | $113,018,417.66 |
| Lot Size | 0.23 AC |
Block-through site with 75' of frontage along West 43rd Street and 25' of frontage on West 44th Street.
DESCRIPTION
INVICTUS Property Advisors has been retained on an exclusive basis for the sale of 515-519 West 43rd Street, a block-through development opportunity in Hell's Kitchen with 75’ of frontage along 43rd Street and 25’ of frontage along 44th Street. The opportunity presents developers with a blank canvas to develop over 60,000 BSF as-of-right and over 80,000 BSF with inclusionary housing in the Special Clinton Purpose District with R9/CL zoning. The subject site is located on the same street as several highly publicized new developments, including Moinian Group's luxury rental project (Oskar), El Ad 16-story, 123 unit, condo and rental block-through (Charlie West), DHA Capital's 300-unit luxury block-through rental, and Xin Development International’s 92-unit, full block condominium building between West 44th & 45th Streets. The property is in close proximity to the A, C, and E subway lines on 42nd Street and 8th Avenue and the Port Authority Bus Terminal. The area also benefits from the 7 Train extension to Hudson Yards. 515-519 West 43rd Street is at the intersection of Midtown West, Times Square and Hudson Yards, and is flooded with great restaurants, trendy nightspots and stylish boutiques. The electricity of Times Square, the mecca of theater entertainment on Broadway and the Hudson River Greenway are all within walking distance.
PROPERTY TAXES
| Parcel Number | 1072-0021 | Improvements Assessment | $1,680,260 |
| Land Assessment | $1,102,500 | Total Assessment | $2,782,760 |
PROPERTY TAXES
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515 W 43rd St - Development Site
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