350 W 38th St | New York, NY 10018
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350 W 38th St
New York, NY 10018
Office Property For Sale
Investment Highlights
- Development Site with Vacant Possession
- Sought After Garment District Location
- 50 Feet of Frontage
- Convenient Public Transportation
Executive Summary
350 West 38th Street is a six-story, 29,628-square-foot commercial office building located in the Garment District, one of Manhattan’s most vibrant and highly visited neighborhoods. The Property, which will be delivered vacant upon sale, is zoned C6-4M/GC and permits for an R10 zoning, allowing for a residential floor area ratio (FAR) of 6.5, equating to a maximum zoning floor area (ZFA) of 32,500 square feet. Nestled between Ninth Avenue and Eighth Avenue, the Property offers an attractive 50 feet of frontage along the south side of West 38th Street. 350 West 38th Street presents the rare opportunity to develop a luxury residence or hotel in Manhattan’s Garment District.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
40,909 SF
Building Class
C
Year Built
1910
Price
$13,000,000
Price Per SF
$318
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
4,938 SF
Slab To Slab
12’
Building FAR
6.71
Lot Size
0.14 AC
Zoning
C6-4M; GC - high-bulk commercial uses requiring a central location
Amenities
- Bus Line
- Metro/Subway
PROPERTY TAXES
| Parcel Number | 0761-0062 | Improvements Assessment | $1,630,080 |
| Land Assessment | $390,600 | Total Assessment | $2,020,680 |
PROPERTY TAXES
Parcel Number
0761-0062
Land Assessment
$390,600
Improvements Assessment
$1,630,080
Total Assessment
$2,020,680
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