Development Site at 4 West 43rd Street in Midtown
FOR SALE
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$100,000,000
4 West 43rd Street, New York, NY 10036
Property Description
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.
Property Details
Asset Type
Development Site
Neighborhood
Midtown East
Submarket
New York
ZIP
10036
Listing Type
sale
30 years
10 years
Net Operating Income (NOI)
$0
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)
-$5,688,612
Cash-on-Cash Return
-22.75%
Monthly Debt Service
$474,051
Annual Debt Service
$5,688,612
View on Map
Address
4 West 43rd Street
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New York Development Site Market Snapshot
Boundary boundary · Development Site · Sale
No investors found in this market.