For Sale
$10,750,000

236 72Nd StNew York, NY 10023

15,771 sq ft, 6-story, 100% occupied

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional six-story mixed-use building, totaling 15,771 square feet, presents a remarkable investment opportunity in the heart of New York City's Upper West Side. Located at 236 W 72nd St, this 100% occupied property boasts 25 feet of street frontage on a high-traffic block within a historic district, offering significant residential and commercial appeal. The C4-6A zoning allows for diverse uses, including retail, office, or residential conversion, maximizing potential floor area ratio (10.0 FAR for residential). The building's charming architectural details, including soaring ceilings and expansive windows, create a bright and inviting atmosphere. Its prime location, steps from Central Park and Riverside Park, provides unparalleled access to Manhattan's amenities. Further enhancing its value, an additional 16,575 square feet of air rights are available for purchase. This property offers significant potential for renovation and value-add opportunities, with the option for a leaseback with the current tenant. Whether pursuing luxury residential development or maintaining the existing commercial use, this building presents exceptional versatility and return on investment.

Highlights

  • $10,750,000 asking price for a mixed-use building.
  • 15,771 square feet, six-story building with 100% occupancy.
  • Located at 236 W 72nd St, New York, NY 10023, in a prime Upper West Side location with 25 feet of street frontage.
  • C4-6A zoning allows for multiple uses, including potential residential conversion with 16,575 square feet of available air rights.
  • Features high ceilings, expansive windows, and charming architectural details.

Property Details for 236 72Nd St

Property type
Specialty properties, Churches & religious facilities
Square Feet
15,771 SF
Stories
6

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7790229
Longitude
-73.9833588
236 72Nd St, New York, New York

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236 72Nd St
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