400 57Th StNew York, NY 10019

Property Details for 400 57Th St

Year built

1881

Property size (Sq ft)

105,000 SF

Property type

Hospitality properties

Property subtype

Multifamily properties

Description

This 105,000 square foot, seven-story elevator apartment building at 400 W 57th St, New York, NY 10019, sits on a 12,542 square foot lot (125.42 ft x 100 ft). Built in 1881 and renovated in 2018, the property is currently vacant. Zoned R8, C1-8, and C1-5, it offers significant redevelopment potential with a Residential FAR of 7.52 and a Facility FAR of 10, allowing for a range of residential, commercial, or mixed-use projects. The property boasts 125 feet of frontage on West 57th Street, providing excellent visibility in a high-traffic area. Its prime location in the Clinton/Hell's Kitchen neighborhood offers easy access to major subway lines (A, B, C, D, 1, and N/Q/R/W), Central Park, Columbus Circle, and Billionaire's Row. Annual property taxes are $237,807. This exceptional investment opportunity combines immediate rental income potential with substantial long-term growth prospects in a rapidly developing Manhattan neighborhood. The property's existing infrastructure provides a solid foundation for a variety of development scenarios, capitalizing on the area's thriving commercial and residential growth. This is a unique chance to create long-term value in one of Manhattan's most dynamic districts.

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7678

Longitude

-73.9856

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