28-30 West 37th Street

28-30 West 37th Street, New York, NY 10018

  • For Sale $10,500,000
  • Property Type VacantLand
  • Property Size 10,281 SF
  • Lot Size 0.11 Acre
  • Additional Rent Contact for pricing
  • Date Updated Oct 28, 2024
BKREA has been exclusively retained to arrange for the sale of 28-30 West 37th Street (“The Property”), a vacant commercial building spanning 10,281 SF. The property is located on the south side of West 37th Street between Fifth and Sixth Avenues in Midtown, one of the most coveted commercial hubs in Manhattan. The existing 2-story structure was built in 1996 and sits on a 4,758 SF lot and boasts approximately 50’ of frontage.BKREA has been exclusively retained to arrange for the sale of 28-30 West 37th Street (“The Property”), a vacant commercial building spanning 10,281 SF. Located on the south side of West 37th Street between Fifth and Sixth Avenues in Midtown, one of the most coveted commercial hubs in Manhattan. The existing 2-story structure was built in 1996 and sits on a 4,758 SF lot and boasts approximately 50’ of frontage. The property currently comprises three identical ground-floor retail units and one contiguous space above them on the second floor. Each ground-floor retail unit also includes a mezzanine space. The ground floor boasts approximately 22-foot ceiling heights, while the second floor offers 10-foot ceiling heights. With the property currently vacant, a prospective user buyer could promptly occupy the premises and enjoy the benefits of ownership. Beyond its immediate user potential, 28-30 West 37th Street holds appeal for value-add investors who could refurbish the commercial spaces to attract tenants. Additionally, thanks to the advantageous M1-6 zoning, there's potential for a developer to demolish the existing structure and construct a new building, leveraging a 10 FAR for a total as-of-right ZFA of 47,580. Furthermore, with Mayor Eric Adams' proposed "Midtown South Mixed-Use Plan" rezoning, there's the possibility of future residential development. 28-30 West 37th Street is an amazing opportunity due to its favorable Midtown location. Local cultural amenities within walking distance to the property include the Empire State Building, Bryant Park, and the original Macy’s. 7 West 36th Street also benefits from direct access to a multitude of subway lines including the 1, 2, 3, A, C, E located at Penn Station, B, D, F, M, N, Q, R, W lines located at 34th Street Herald Square and the 4, 5, 6, 7, S located at Grand Central Station.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • City of Yes Rezoning- City Planning has proposed plans for a rezoning of M-zoned properties in the district to allow for residential as-of-right
  • User Opportunity- Due to the building’s current vacancy, a user could immediately occupy and benefit from the rights of ownership
  • Development Potential- Because the current structure is not fully utilized, a prospective developer could leverage the potential of the 47,580 square feet
  • Value Add- Investors have the opportunity to renovate and lease up the current building, taking advantage of the desirable 22-foot ceiling heights
  • Proximity to Midtown CBD- Prominent Fortune 500 Companies such as LinkedIn and Morgan Stanley are located in Midtown Manhattan
  • Excellent Transportation- Proximate to several transportation hubs including Penn Station, Grand Central Station, 34th Street- Herald Square and Port Authority

Contacts

broker

Bob Knakal

BKREA

Location

Getting Around

  • Walk Score ®

    99/100 Walker's Paradise
  • Transit Score ®

    100/100 Rider's Paradise
  • Bike Score ®

    85/100 Very Bikeable
Powered by Walk Score ®
  • City New York, NY
  • Neighborhood Garment District
  • Zip Code 10018
  • Market Manhattan

Points of Interest

  • 34th Street & Broadway at Northwest Corner

    0.18 miles

  • 5th Avenue

    0.25 miles

  • 33rd Street

    0.26 miles

  • 33rd St / 7th Av

    0.32 miles

  • Grand Central

    0.32 miles

  • Times Square

    0.34 miles

  • 7th Avenue & 33rd Street at Northwest Corner

    0.34 miles

  • Grand Central 42nd Street / Vanderbilt Avenue entrance

    0.37 miles

  • No. 2 Penn Plaza Entrance

    0.37 miles

  • 43rd / Vanderbilt

    0.38 miles

  • ChargePoint

    0.52 miles

  • Tesla Supercharger

    0.71 miles

  • Blink

    0.75 miles

  • Mobil

    0.77 miles

  • Bus Charging Station

    0.82 miles

  • BP

    1.21 miles

  • Citgo

    1.84 miles

  • Gulf

    2.07 miles

  • Sunoco

    2.10 miles

  • SP+

    0.24 miles

  • City Parking

    0.25 miles

  • Icon

    0.30 miles

  • Select Garages

    0.33 miles

  • Hippodrome Parking

    0.36 miles

  • Icon Parking

    0.51 miles

  • Red Ball Garage

    0.53 miles

  • intlFcstone 10022 LOCi Multi

    0.59 miles

  • Quik Park Garage

    0.64 miles

  • iClean

    1.85 miles

  • Fairfield Inn

    0.03 miles

  • SpringHill Suites

    0.03 miles

  • Marriott Vacation Club, New York City

    0.03 miles

  • The Draper

    0.05 miles

  • LeSoleil

    0.05 miles

  • Best Western

    0.05 miles

  • Hyatt Place New York/Midtown-South

    0.06 miles

  • Embassy Suites by Hilton

    0.07 miles

  • Holiday Inn Express

    0.07 miles

  • The Kixby

    0.07 miles

  • Reichenbach Hall

    0.04 miles

  • Dunkin'

    0.05 miles

  • Clinton Hall 36

    0.05 miles

  • 38 Food Hall

    0.06 miles

  • The Australian NYC

    0.06 miles

  • Yoon Haeundae Galbi

    0.06 miles

  • The Liberty

    0.08 miles

  • Cafe China

    0.08 miles

  • Hakata TonTon

    0.08 miles

  • Keens Steakhouse

    0.08 miles

  • Mercy University

    0.14 miles

  • Stella and Charles Guttman Community College

    0.16 miles

  • CUNY Graduate School and University Center

    0.17 miles

  • Devry College

    0.22 miles

  • CUNY School of Professional Studies

    0.32 miles

  • American Academy of Dramatic Arts

    0.36 miles

  • Norman Thomas High School

    0.37 miles

  • CUNY Graduate School of Journalism

    0.38 miles

  • Stern College Yeshiva University

    0.40 miles

  • Laguardia Community College

    0.41 miles

  • Kindercare

    0.28 miles

  • Wee Ones Club

    0.36 miles

  • Everbrook Academy

    0.54 miles

  • Alpha Bet Preschool of Murray Hill

    0.56 miles

  • Gymboree

    0.57 miles

  • Star A Kidz

    0.62 miles

  • Push My Swing

    0.62 miles

  • NY Kids Club

    0.69 miles

  • St Vartan Play Group Preschool

    0.73 miles

  • Explore + Discover Early Learning Center

    0.82 miles

Frequently Asked Questions

How much does 28-30 West 37th Street cost?

The space currently listed for sale at 28-30 West 37th Street asks for $10,500,000.

What is the total square footage of 28-30 West 37th Street?

28-30 West 37th Street totals 10,281 square feet.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Bob Knakal

BKREA