20 37Th St New York, NY 10018

This 12-story, 69,718 square foot Class B office building at 20 West 37th Street, New York, NY 10018, presents a compelling investment opportunity. Boasting 82,350 square feet of net rentable space, the property currently has 33% occupancy. Constructed in 1912 and renovated in 2010, it features a mix of retail space (basement, ground, and mezzanine levels, currently vacant) and office space across 11 floors. Four existing tenants occupy single floors. The building sits on a 6,315 square foot lot (APN 838-62) and is zoned M1-6. Its central Midtown Manhattan location provides easy access to major transportation hubs like Grand Central Terminal, Bryant Park, and Penn Station. An assumable loan is available, maturing January 10, 2027, with an approximate 4.7% interest rate. The current vacancy rate allows for immediate renovations and the creation of easily divisible spaces to accommodate diverse tenant needs. This property offers a unique chance to acquire a mixed-use asset in a prime Manhattan submarket at below replacement cost, with existing financing, making it ideal for both investors and owner-occupiers seeking a flagship New York City location.