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34 28Th St New York, NY 10001

14,606 SF Vacant Office, Value-Add

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This 6-story, 14,606 square foot Class B creative office building in NoMad, Manhattan (34 W 28th St, zip code 10001) is currently vacant, presenting a unique value-add opportunity. The property is zoned M1-6 and boasts significant air rights (12,894 sq ft currently, with potential for substantial increase upon passage of the Midtown South Mixed-Use rezoning plan, potentially allowing for residential use). Its prime location offers easy access to the R and W subway lines at 28th Street and is surrounded by luxury hotels and major landmarks, including the Empire State Building and Madison Square Garden. The building's proximity to the Penn District's ongoing $6 billion revitalization project, creating a major transit hub, further enhances its investment potential. The complete gut renovation leaves the space ready for immediate customization to suit a variety of uses, whether for an owner-occupier or investor seeking to capitalize on the area's growth and the potential for increased FAR. This presents a rare chance to acquire a strategically located asset in a rapidly developing neighborhood.

Highlights

  • Vacant 14,606 SF Class B creative office building in NoMad, Manhattan (34 W 28th St, 10001).
  • M1-6 zoning with significant air rights (12,894 SF currently, potential for substantial increase).
  • Prime NoMad location, near R/W subway lines, luxury hotels, and major landmarks.
  • Ready for immediate customization following a complete gut renovation.
  • Strong investment potential due to nearby revitalization projects and potential for increased FAR.

Property Details for 34 28Th St

Property type
Office properties, Office space
Square Feet
14,606 SF
Class
B
Stories
6

Location Insight

City
New York
County
New York
State
New York
Latitude
40.745562966624
Longitude
-73.989386597009

FAQs

What type of property is this?
Office property - 14,606 SF Vacant Office, Value-Add
Where is the office property located?
The property is located at 34 28Th St New York, NY.
What are key features of this property?
This property features: Vacant 14,606 SF Class B creative office building in NoMad, Manhattan (34 W 28th St, 10001).; M1-6 zoning with significant air rights (12,894 SF currently, potential for substantial increase).; Prime NoMad location, near R/W subway lines, luxury hotels, and major landmarks.
How can I contact the broker?
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34 28Th St
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