4 West 43rd Street

New York, NY

Download Offering Memorandum

Overview

Summary

  • Asking Price Inquire for Pricing
  • Buildable Square Feet 125,530 BSF
  • Floors 7 + Penthouse

Avison Young has been exclusively engaged to offer for sale 4 West 43rd Street (the “Property”), a to-be-delivered-vacant 7-story plus penthouse commercial property boasting 125’ of frontage on the south side of West 43rd Street between 5th Avenue and 6th Avenue in the Bryant Park neighborhood of Midtown Manhattan. The Property was originally constructed in the 1890s and has been meticulously maintained throughout the years. Today the Art-Deco building spans 72,568± square feet and comprises an event space on the ground floor and seven stories of office space above, featuring over 10’ ceiling heights throughout.

Additionally, the Property boasts tremendous development potential as it is situated on a 125’ x 100’ lot, allowing for 125,530± buildable square feet for residential (with potential for an additional 2x FAR through ZR 81-241) and 150,636± buildable square feet for commercial development in Manhattan’s premier office market and fastest-growing residential market. The development project will boast sweeping New York City views, including stunning southern views of the New York Public Library and the Empire State Building.

Investment Highlights

125,530± buildable square foot residential development potential (10 FAR)

MiD allows for an additional 2x FAR amenity bonus as per ZR 81-241, increasing the total BSF to 150,636 (not required to purchase off-site inclusionary housing certificates)

Opportunity for 180,000+ buildable square feet (14.4x FAR) with the new City of Yes program

Boasting 125’ of frontage along West 43rd Street
Meticulously maintained 72,500+ square foot building offers an exceptional user opportunity including school, dorm, medical, private club or office use

Irreplaceable Location One Block from Bryant Park, Grand Central Terminal & Times Square

Stunning views of the Empire State Building and New York Public Library

Seamless access to transportation (b / d / f / m / n / q / r / w / 1 / 2 /3 /4 / 5 / 6 / 7)

Team

James Nelson

James Nelson

Principal, Head of Tri-State Investment Sales
Avison Young - US - NY - New York
917 362 1485
Alexandra Marolda

Alexandra Marolda

Director
Avison Young - US - NY - New York
212 277 5558
Charles Kingsley

Charles Kingsley

Principal
Avison Young - US - NY - New York
917 312 0778
Eric Karmitz

Eric Karmitz

Director
Avison Young - US - NY - New York
201 874 5017
Brandon Polakoff

Brandon Polakoff

Principal, Executive Director of Tri-State Investment Sales
Avison Young - US - NY - New York
212 230 5998
Kyle Sabath

Kyle Sabath

Senior Associate
Avison Young - US - NY - New York
212 729 6279