Property Details

Prime Manhattan Hotel Development Site Near 5th Ave - New York City

For Sale $30,000,000 - Development Sites

Property Description                    

The subject property is 3,950 sf (40 x 98.75) lot situated between 5th Ave and 6th Ave within the M1-6 zoning district which allows for approximately 39,500 buildable sf plus 3,600 sf arcade bonus of commercial, hotel and residential use. With convenient access to the 34 Street – Herald Sq Station B,D,F,M,N,Q&R train lines and Times Sq – 42 St Station 1,2,3&7 train lines, the tenants will love it. Wedged between world famous Times Square vicinity and the developing Hudson Yards area will feature the greatest real estate development opportunity in New York City.

*Already demolished, seller will deliver a vacant lot.

Property Information                  

Location 37th St between 5th Ave & 6th Ave
Lot Dimension 40ft x 98.75ft
Lot Sq Ft 3,950 SF
Zoning M1-6
F.A.R 10
Total Buildable Sq Ft 39,500 SF+3,600 SF arcade bonus

43,100 SF

Price Per SqFt $696

 

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