337 West 36th Street - Agorafy
DEVELOPMENT SITE IN PRIME MIDTOWN LOCATION
337 West 36th Street
DOB APPROVED PLANS FOR A 88-KEY HOTEL L O C AT I O N: B L O C K / L O T: LOT SIZE: LOT A R E A: ZO N I N G : FA R ( A S O F R I G H T ) : B S F ( A S O F R I G H T ): H U DSON YA R DS DIB: G RO S S B S F: TA X E S : A P P R OV E D P L A N S G RO S S S F: STOR IE S: K EYS: A M ENIT IE S:
The north side of West 36th Street between Eighth Avenue and Ninth Avenue 760 / 20 25’ x 98.75’ 2,467 SF C6-4M (Special Garment Center District) 10.0 24,687 BSF 4,938 BSF 29,625 BSF $37,337 29,625 22 (Plus Cellar) 88 Bike Parking, Breakfast Area, Business Area
West 36th Street
Ninth Avenue
Eighth Avenue
West 37th Street
PROPERTY DESCRIPTION:
DOB-APPROVED STACKING PLAN:
The subject properties is a vacant, four-story building located on the north side of West 36th Street between Eighth and Ninth Avenue. Demolition has begun.
FLOOR 22
The Department of Buildings has approved plans for an approximately 25,000 square foot, 72 key hotel. 4,938 square feet of development rights were purchased through the Hudson Yards District Improvement Bonus, bringing the FAR to 12 and gross BSF to 29,625. The final hotel plans will have twenty-two stories, 88-keys and 25 feet of frontage on West 36th Street. Amenities include bike parking, a breakfast area and business area.
Hotel Rooms (84) 4 Rooms / Floor 29,625 Gross SF (Floors 1-22)
337 West 36th Street is the perfect location for a new hotel. It is located between Penn Station and Times Square providing easy access to these transit hubs. The property sits walking distance to many of New York’s most famous tourist attractions, including the Empire State Building, the High Line, Madison Square Gardens, and Times Square. The upcoming developments at the Hudson Yards will make this already tourist friendly location even more desirable for visitors.
GROUND FLOOR
Lobby, Reception, Business Area & Hotel Rooms (2)
ASKING PRICE: $14,500,000
CELLAR
Mechanical Rooms, Bike Parking, Breakfast Area & Hotel Rooms (2)
FLOOR 2
For further information or inspection, please contact Exclusive Agents:
Bob Knakal
Clinton B. Olsen
Chairman Vice President of Sales [email protected] [email protected] 212.696.2500 x7777 212.696.2500 x7747
Jonathan Hageman
Sales Team Manager [email protected] 212.696.2500 x7773
David Kalish
Director of Sales [email protected] 212.696.2500 x7726
Ax Hayssen
Associate [email protected] 212.696.2500 x7713
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.
275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
337 West 36th Street
DOB APPROVED PLANS FOR A 88-KEY HOTEL L O C AT I O N: B L O C K / L O T: LOT SIZE: LOT A R E A: ZO N I N G : FA R ( A S O F R I G H T ) : B S F ( A S O F R I G H T ): H U DSON YA R DS DIB: G RO S S B S F: TA X E S : A P P R OV E D P L A N S G RO S S S F: STOR IE S: K EYS: A M ENIT IE S:
The north side of West 36th Street between Eighth Avenue and Ninth Avenue 760 / 20 25’ x 98.75’ 2,467 SF C6-4M (Special Garment Center District) 10.0 24,687 BSF 4,938 BSF 29,625 BSF $37,337 29,625 22 (Plus Cellar) 88 Bike Parking, Breakfast Area, Business Area
West 36th Street
Ninth Avenue
Eighth Avenue
West 37th Street
PROPERTY DESCRIPTION:
DOB-APPROVED STACKING PLAN:
The subject properties is a vacant, four-story building located on the north side of West 36th Street between Eighth and Ninth Avenue. Demolition has begun.
FLOOR 22
The Department of Buildings has approved plans for an approximately 25,000 square foot, 72 key hotel. 4,938 square feet of development rights were purchased through the Hudson Yards District Improvement Bonus, bringing the FAR to 12 and gross BSF to 29,625. The final hotel plans will have twenty-two stories, 88-keys and 25 feet of frontage on West 36th Street. Amenities include bike parking, a breakfast area and business area.
Hotel Rooms (84) 4 Rooms / Floor 29,625 Gross SF (Floors 1-22)
337 West 36th Street is the perfect location for a new hotel. It is located between Penn Station and Times Square providing easy access to these transit hubs. The property sits walking distance to many of New York’s most famous tourist attractions, including the Empire State Building, the High Line, Madison Square Gardens, and Times Square. The upcoming developments at the Hudson Yards will make this already tourist friendly location even more desirable for visitors.
GROUND FLOOR
Lobby, Reception, Business Area & Hotel Rooms (2)
ASKING PRICE: $14,500,000
CELLAR
Mechanical Rooms, Bike Parking, Breakfast Area & Hotel Rooms (2)
FLOOR 2
For further information or inspection, please contact Exclusive Agents:
Bob Knakal
Clinton B. Olsen
Chairman Vice President of Sales [email protected] [email protected] 212.696.2500 x7777 212.696.2500 x7747
Jonathan Hageman
Sales Team Manager [email protected] 212.696.2500 x7773
David Kalish
Director of Sales [email protected] 212.696.2500 x7726
Ax Hayssen
Associate [email protected] 212.696.2500 x7713
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.
275 Madison Avenue • Third Floor • New York, NY 10016 • 212.696.2500 • Fax 212.696.0333 www.masseyknakal.com THE BRONX BROOKLYN MANHATTAN NASSAU NEW JERSEY QUEENS STATEN ISLAND WESTCHESTER
