the Foreclosure Sale 41 W 36th St., New York, NY 10018
“Northgate Real Estate Group has been exclusively retained to market the Foreclosure Sale of 41 W 36th St., New York, NY 10018. Mixed-use commercial building consisting of two retail spaces and three office units.
Investment Highlights
Investment opportunity with more than 28,000 sq ft of air rights, which, paired with the R12 zoning district, results in a maximum FAR of up to 18.
Walkable to world-class dining, luxury retail, and cultural landmarks, creating an amenity-rich environment that attracts talent and clientele.
Prime Midtown Manhattan address surrounded by a dense mix of corporate offices, retail, and hospitality, offering unmatched visibility and prestige.
Exceptional transit connectivity with immediate access to Penn Station, Grand Central Terminal, and multiple subway lines, ensuring convenience.
Located in one of the nation’s most dynamic business districts, with a daytime population of hundreds of thousands and strong purchasing power.
Opportunity in the heart of Midtown Manhattan, offering mixed-use zoning that accommodates both commercial and residential applications with competitive market pricing. This flexibility opens the door for investors and developers to reposition the asset as a premier redevelopment project or maintain its current configuration for income-producing purposes. The seller is also open to a partial interest transfer, creating an attractive entry point for strategic partnerships.
Surrounded by world-class amenities, the property sits steps from iconic landmarks such as the Empire State Building and Bryant Park, with Times Square and Madison Square Garden just minutes away. The neighborhood boasts an unparalleled concentration of luxury hotels, fine dining establishments, and vibrant retail corridors along Fifth Avenue and Herald Square. This dynamic environment attracts a diverse demographic of professionals, tourists, and residents, supported by a daytime population in the hundreds of thousands and strong purchasing power. Transportation access is exceptional, with Penn Station, Grand Central Terminal, and multiple subway lines within walking distance, ensuring seamless connectivity across the city and beyond. The area’s robust infrastructure and high foot traffic make this location ideal for redevelopment into boutique residential units, mixed-use retail, or a flagship commercial presence.
This offering combines zoning versatility, prime Midtown positioning, and proximity to cultural and business hubs, making it a compelling acquisition for investors seeking long-term value in one of the most competitive real estate markets in the world. Investment opportunity with more than 28,000 sq ft of air rights, which, paired with the R12 zoning district, results in a maximum FAR of up to 18.
Sale Type: Investment or Owner User Sale Condition: Redevelopment Project Property Type: Office
Building Size: 10,000 SF Building Class B Year Built 1935 Tenancy: Multiple Building Height: 5 Stories
Typical Floor Size: 2,000 SF Building FAR 4.59 Lot Size 0.05 AC Zoning
M1-9A/R12 - Light Manufacturing Zoning District and High-Density Residential Zoning District.
Property Snapshot
• Five-story walk-up mixed-use property prominently positioned in prime Midtown Manhattan, between Fifth and Sixth Avenues, just moments from Herald Square.
• The building comprises two retail spaces and three office units.
• Prime frontage on W 36th Street with excellent street visibility
• Loan can be purchased prior to the auction
• Conveniently located a short walk to 34th St/Herald Square (B, D, F, M, N, Q, R, W trains) and the 33rd St PATH train station on 6th Avenue
• Close proximity to Macy’s, Empire State Building, Madison Square Garden, and Bryant Park
Auction Details
