Map of Property

355 Seventh Ave

355 Seventh Ave, New York, NY 10001

  • For Sale Guidance Upon Request
  • Property Type VacantLand
  • Property Size 10,500 SF
  • Units 20
  • Lot Size 1.48 Acre
  • Year Built 1920
  • Date Updated Mar 3, 2025
BKREA has been exclusively retained to arrange the sale of 355 Seventh Avenue ("The Site"), a premier development opportunity in the heart of Midtown Manhattan. Located at the southeast corner of Seventh Avenue and West 30th Street, the site features 121feet of wraparound frontage in a prime location. Currently zoned for commercial use, the site stands to benefit from the Midtown South Rezoning Initiative, offering developers the opportunity to capitalize on strong demand for residential projects alongside favorable retail economics, just steps from Penn Station. 355 Seventh Avenue enjoys a strategic location near major landmarks, including Penn Station, Madison Square Garden, and Hudson Yards. The area experiences high foot traffic and excellent accessibility, making it ideal for business, retail, or residential development. The site offers direct access to multiple subway lines, including the 1, 2, 3, A, C, and E trains at Penn Station, with nearby connections to the B, D, F, M, N, Q, R, and W lines at 34th Street-Herald Square. This unparalleled convenience further enhances the site's development potential.BKREA has been exclusively retained to arrange the sale of 355 Seventh Avenue ("The Site"), a premier development opportunity in the heart of Midtown Manhattan. Located at the southeast corner of Seventh Avenue and West 30th Street, the site features 121feet of wraparound frontage in a prime location. Currently zoned for commercial use, the site stands to benefit from the Midtown South Rezoning Initiative, offering developers the opportunity to capitalize on strong demand for residential projects alongside favorable retail economics, just steps from Penn Station. 355 Seventh Avenue enjoys a strategic location near major landmarks, including Penn Station, Madison Square Garden, and Hudson Yards. The area experiences high foot traffic and excellent accessibility, making it ideal for business, retail, or residential development. The site offers direct access to multiple subway lines, including the 1, 2, 3, A, C, and E trains at Penn Station, with nearby connections to the B, D, F, M, N, Q, R, and W lines at 34th Street-Herald Square. This unparalleled convenience further enhances the site's development potential.
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Highlights

  • New Zoning Opportunity - The Midtown South Mixed-Use Plan (MSMX) transforms 42 blocks of Manhattan into a high-density, mixed-use district, allowing for nearly 10,000 new homes, including affordable units, alongside commercial and manufacturing spaces.
  • Vacant Possession - The existing building can be delivered vacant, offering significant time and cost savings by eliminating the need for tenant buyouts. This
  • allows for immediate redevelopment, streamlining business plans and accelerating project timelines.
  • Landmark Air Rights - Ownership has the ability to acquire approximately 19,310 square feet of development air rights for residential use, providing an opportunity to expand housing capacity under the new Midtown South rezoning.
  • Coveted Location - 355 Seventh Avenue is ideally located on the border of Midtown South and Chelsea, steps away from Penn Station, allowing developers
  • to benefit from strong demand drivers in a rapidly growing area.
  • Advantageous Accessibility - The site is a 6-minute walk from 34th Street- Herald Square, providing access to subway lines B,D, F, M,N, Q,R, and W.
  • Covered Land Play - This development site offers a unique as-is cash flow opportunity while waiting for MSMX approval. With existing commercial income in place, investors can generate revenue while finalizing plans, securing permits, or awaiting optimal market conditions for redevelopment.

Contacts

broker
Bob Knakal

BKREA

Location

Getting Around

  • Walk Score ®

    100/100 Walker's Paradise

  • Transit Score ®

    100/100 Rider's Paradise

  • Bike Score ®

    92/100 Biker's Paradise
Powered by Walk Score ®
  • City New York, NY
  • Neighborhood Chelsea
  • Zip Code 10001
  • Market Manhattan

Points of Interest

  • 28th Street

    0.09 miles

  • No. 2 Penn Plaza Entrance

    0.11 miles

  • 7th Avenue & 33rd Street at Northwest Corner

    0.17 miles

  • 33rd Street

    0.19 miles

  • 33rd St / 7th Av

    0.20 miles

  • Moynihan Train Hall

    0.22 miles

  • 34th Street & Broadway at Northwest Corner

    0.26 miles

  • Broadway & 23rd Street at Northeast Corner

    0.51 miles

  • Broadway & 23rd Street at Southeast Corner

    0.52 miles

  • Times Square

    0.61 miles

  • ChargePoint

    0.22 miles

  • Blink

    0.49 miles

  • Mobil

    0.61 miles

  • Tesla Supercharger

    1.14 miles

  • BP

    1.30 miles

  • Citgo

    2.20 miles

  • Gulf

    2.32 miles

  • Sunoco

    2.51 miles

  • City Parking

    0.25 miles

  • SP+

    0.29 miles

  • Icon Parking

    0.43 miles

  • Icon

    0.51 miles

  • Lot 9

    0.56 miles

  • Lot 10

    0.59 miles

  • Select Garages

    0.61 miles

  • MPG Manhattan Parking: MP Hudson

    0.64 miles

  • iClean

    2.26 miles

  • Rapid Park

    5.34 miles

  • Stewart Hotel

    0.04 miles

  • Courtyard Marriot

    0.06 miles

  • Hotel Hayden

    0.10 miles

  • DoubleTree

    0.10 miles

  • Hotel Indigo

    0.10 miles

  • Hampton

    0.11 miles

  • Cambria Hotel & Suites

    0.11 miles

  • Holiday Inn Express

    0.12 miles

  • Hilton Garden Inn

    0.12 miles

  • Eventi

    0.14 miles

  • Rony's Fresh Pizza

    0.00 miles

  • fresh&co

    0.02 miles

  • Bravo Pizza

    0.02 miles

  • Five Guys

    0.03 miles

  • Healthy Choice Gourmet Deli & Pizza

    0.03 miles

  • VLife NYC

    0.03 miles

  • Pret A Manger

    0.04 miles

  • Piggyback

    0.04 miles

  • Niles NYC

    0.05 miles

  • Swagat

    0.05 miles

  • International Wine Center (IWC)

    0.03 miles

  • CUNY School of Professional Studies

    0.12 miles

  • Fashion Institute of Technology

    0.17 miles

  • Laguardia Community College

    0.22 miles

  • Touro College

    0.24 miles

  • Mercy University

    0.29 miles

  • Project Management Academy New York

    0.37 miles

  • Public School 33

    0.42 miles

  • American Academy of Dramatic Arts

    0.44 miles

  • Devry College

    0.46 miles

  • San Jose Nursery

    0.66 miles

  • Alpha Bet Preschool of Murray Hill

    0.67 miles

  • Star A Kidz

    0.68 miles

  • Wee Ones Club

    0.69 miles

  • Kindercare

    0.70 miles

  • Push My Swing

    0.71 miles

  • NY Kids Club

    0.76 miles

  • Everbrook Academy

    0.90 miles

  • Explore + Discover Early Learning Center

    0.90 miles

  • Gymboree

    0.93 miles

Frequently Asked Questions

How much does 355 Seventh Ave cost?

The sale price for 355 Seventh Ave is available upon request. Contact the listing broker for more information.

What is the total square footage of 355 Seventh Ave?

355 Seventh Ave totals 10,500 square feet.

When was this property built?

355 Seventh Ave was built in 1920.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Bob Knakal

BKREA

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