4-16 43Rd St, New York, NY 10036
72,568 SF | 100% Leased | Office Building | New York, NY 10036 | For Sale
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Office
- Square Feet
- 72,568 SF
Listing Contacts
Alexandra Marolda
Verified Profile
Charles Kingsley
Verified Profile
Eric Karmitz
Verified Profile
Kyle Sabath
Verified Profile
- Property Info
Property Overview
Avison Young has been exclusively engaged to offer for sale 4 West 43rd Street (the “Property”), a to-be-delivered-vacant 7-story plus penthouse commercial property boasting 125’ of frontage on the south side of West 43rd Street between 5th Avenue and 6th Avenue in the Bryant Park neighborhood of Midtown Manhattan. The Property was originally constructed in the 1890s and has been meticulously maintained throughout the years. Today the Art-Deco building spans 72,568± square feet and comprises an event space on the ground floor and seven stories of office space above, featuring over 10’ ceiling heights throughout.
Additionally, the Property boasts tremendous development potential as it is situated on a 125’ x 100’ lot, allowing for 125,530± buildable square feet for residential (with potential for an additional 2x FAR through ZR 81-241) and 150,636± buildable square feet for commercial development in Manhattan’s premier office market and fastest-growing residential market. The development project will boast sweeping New York City views, including stunning southern views of the New York Public Library and the Empire State Building.
Additionally, the Property boasts tremendous development potential as it is situated on a 125’ x 100’ lot, allowing for 125,530± buildable square feet for residential (with potential for an additional 2x FAR through ZR 81-241) and 150,636± buildable square feet for commercial development in Manhattan’s premier office market and fastest-growing residential market. The development project will boast sweeping New York City views, including stunning southern views of the New York Public Library and the Empire State Building.
Property Details
- Class
- B
- Year Built
- 1900
- Stories
- 8
- Lot Size (sq. ft)
- 12,632 SF
Highlights
- 125,530± buildable square foot residential development potential (10 FAR)
- MiD allows for an additional 2x FAR amenity bonus as per ZR 81-241, increasing the total BSF to 150,636
- Opportunity for 180,000+ buildable square feet (14.4x FAR) with the new City of Yes program
- Boasting 125’ of frontage along West 43rd Street
- Meticulously maintained 72,500+ square foot building offers an exceptional user opportunity including school, dorm, medical, private club or office
- Irreplaceable Location One Block from Bryant Park, Grand Central Terminal & Times Square
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