55 W 38th St 6,000 SF 100% Leased Office Building New York, NY 10018 $7,300,000 ($1,216.67/SF)

Positioned in the heart of Midtown Manhattan, 55 West 38th St., presents a versatile acquisition opportunity for investors, developers, owner-users, and end users seeking a strategic Manhattan presence. The property offers 25,185 square feet of buildable area, including 19,191 square feet of additional development potential. With a maximum FAR of 15 for residential, commercial, and community facility uses, the property supports a range of potential strategies, including owner occupancy, repositioning, expansion, investment, or future redevelopment, subject to applicable zoning and approvals. Ideally located near Bryant Park, Fifth Avenue, Times Square, and major transportation, the property offers flexibility, long-term value, and multiple potential paths for ownership.
The offering is distinguished by its combination of an established Midtown location, existing improvements, and substantial unused development potential. This allows prospective purchasers to evaluate a tailored business plan based on their individual objectives, whether focused on immediate use, long-term ownership, repositioning the existing asset, expanding its current footprint, or pursuing a more comprehensive redevelopment strategy.
Its central location provides convenient access to Manhattan’s primary business, retail, hospitality, entertainment, and transportation destinations. Surrounded by some of the city’s most recognizable landmarks and commercial corridors, 55 West 38th Street offers the visibility, accessibility, and connectivity sought by a wide range of users and ownership profiles.
For investors and developers, the property presents an opportunity to control a strategically located Midtown asset with meaningful development potential. For owner-users and end users, it provides the ability to establish a long-term presence while retaining valuable flexibility for future growth, expansion, or redevelopment. Together, these attributes create a compelling Manhattan acquisition opportunity with both immediate utility and significant long-term potential.