Co-Broke Listing | Seller Pays Commission
ALSO OFFERED FOR RENT, ASKING $29,000/MONTH, MONTH-TO-MONTH TERM
A new commercial development site, 100 feet by 102 feet, with approximately 95,569 buildable square feet, (including 46,694 square feet of buildable air rights), 100 foot frontage along West 46th Street, four curb cuts, and allowing development up to 135 feet, the maximum zoning height for the area.
This property, block 1094, lots 23, 24, 25, is zoned M2-4, in the Special Clinton District, and can be developed for a multitude of uses including office building, or due to the curb cuts, car dealership, of which there are many in the surrounding area, public parking garages and parking lots, supermarkets, grocery stores, delicatessens, frozen food lockers, data processing center, retail, warehouse, self-service storage facility, eating establishments, art gallery, museum, antique stores, public auction house, library, community center, health facility, childcare center, performing arts facility, school, college, university, religious or cultural facility
The property may also be used for photographic and motion picture production studios, as well as radio and television studios.
The neighborhood is already home to a number of broadcast and music recording studios, including CBS Broadcasting Center.
The total taxes for the property are $183,160 per year.
Located in Clinton, or Midtown West, or as it is often referred to, Hell’s Kitchen, this iconic neighborhood is rapidly evolving and is anchored on its north border at 59th Street by Columbus Circle, on its south border at 34th Street by Hudson Yards, on its east border at Eighth Avenue by the Garment District, Theatre District and Times Square, and on its west border by the Hudson River.
The site is close to tourist traffic, with the Intrepid aircraft carrier, now the Intrepid Sea, Air and Space Museum, berthed on the Hudson River at the corner of West 46th Street.
The area provides transport, medical and warehouse infrastructure support to midtown’s business district, and includes huge structures such as the Jacob K. Javits Center on 11th Avenue between 34th and 40th Streets, the Port Authority Bus Terminal between Eighth and Ninth Avenues at 40th to 42nd Streets, and Madison Square Garden between Seventh and Eighth Avenues between 31st and 33rd Streets.
The district, which has 100 restaurants, has developed over the past decades, and is now a popular neighborhood full of affluent young professionals, including from Wall Street, and a hot spot for visitors due to the High Line, and Hudson Yards at West 34th Street, a $25 billion project creating 18 million square feet of residential and commercial space, and new elegant condominium conversions such as Stella Tower with 51 units, and which was the New York Telephone building built in 1930.
Due to its proximity to the Theatre District, the Actors Studio, the Baryshnikov Arts Center, which was opened by the dancer, Mikhail Baryshnikov in 2005, and New World Stages, a five-stage Off Broadway theater complex at World Wide Plaza, it has become a neighborhood for actors and those in the performing arts, with past residents including Madonna, Jerry Seinfeld, Larry David, Burt Reynolds, Bob Hope, Charlton Heston and James Dean. It is also the birthplace of pop singer, Alicia Keys.
It is also the birthplace of the idea for the iconic television series Seinfeld, which Larry David and Jerry Seinfeld conceived at Westway Diner on Ninth Avenue.
Proximity to mass transportation includes the 7 train at West 34th Street-Hudson Yards/ Eleventh Avenue; the C and E trains at West 50th Street/Eighth Avenue; the A, C, E at West 42nd Street/Port Authority Bus Terminal; 1 train at West 50th Street and Broadway; the N, Q, R at West 49th Street/Seventh Avenue; 2020 Ferry Expansion includes 39th Street Ferry at Pier 79 to Wall Street and Staten Island
The Greenway along the Hudson River offers a path to walk or bike down to the southern tip or to the northern tip of Manhattan.
