Listed by Ariel Property Advisors
$6,950,000
34 West 36th Street
Details
Property Type Office, Mixed Use
Sub Type Executive Office
Cap Rate 3.21%
NOI $216,718
Price per SqFt $616
Stories 6
Lot Size (SqFt) 1,975
Zoning M1-6; M1-9A / R12
Mixed-Use Commercial-Office Building
Marketing description
For Sale
Investment highlights
- 6-story, 11.280 square-foot, elevator building located between 5th and 6th Avenues in Midtown South
- Landlord-friendly leases with short term and/or landlord options to vacant allowing for repositioning flexibility
- Open floor layouts allowing for flexible use
- Nearby attractions include Penn Station, Madison Square Garden, Empire State Building and Bryant Park
- Numerous transportation options for commuters with access to the LIRR, Amtrack, and 1,2,3,B,D,F,M,N,Q,R,W Subway lines
- 8,470 square feet of available air rights
- Property benefits from location within the Midtown South rezoning area, which is advancing toward final approval, allowing for transformative land use changes and future growth.
Listing Contacts
Listed by Ariel Property Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$216,718.00
$18,059.83/mo
Valuation Metrics
0
DSCR
3.12%
Cap Rate
3.12%
ROI
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