430 W 37th Street, New York, NY 10018

Hudson Square, New York, New York 10018

Bid Deadline Thursday May 10th

Listing ID Number

25461

Property Description

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of the Fee Simple Interest in 429-435 West 36th Street & 430- 434 West 37th Street, a rare unencumbered block-through development opportunity in the heart of the Hudson Yards. The subject properties, collectively known as 430 West 37th Street, are currently vacant and prime for development with approximately 197.5 feet on the westerly side of Dyer Avenue and features about 100 feet of frontage on West 36th and 37th Streets. Its unique location within the Hudson Yards Special Purpose Zoning District allows for a mixed-use development of up to approximately 128,375 square feet per the zoning code. The immediate neighborhood surrounding this subject development opportunity has recently emerged as one of Manhattan’s most desirable residential enclaves due to over $48 billion in recent public and private investments including the Hudson Yards, the High Line, Manhattan West, the Hudson Yards Boulevard & Park and the recently opened No. 7 Subway extension line.

Overview

Building Type:Development/Conversion Sites
Location:Blockthrough site bordering the westerly side of Dyer Ave, stretching from West 36th to 37th Streets
Block/Lot:734/16, 52, 55
Lot Dimensions:100' x 197.5'
Combined Lot Size
Lot Sq Ft:19,750
Combined Lot Area
Buildable Sq. Ft:128,375
Zoning:C2-5,R8A, Hudson Yards, Subarea D4
Assessment Value:$2,893,521
Taxes:$304,225

Contact

For further information or inspection, please contact Exclusive Agents:

Robert A. Knakal
Chairman, New York Investment Sales
(212) 660 7777
robert.knakal@cushwake.com

Jonathan Hageman
Executive Managing Director
(212) 660 7773
jonathan.hageman@cushwake.com

Patrick Yannotta
Director
(212) 660 7791
patrick.yannotta@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.