136–140 West 44th Street presents a rare opportunity to acquire a prime development site in the heart of Midtown Manhattan’s Theater District. With 50 feet of frontage between Avenue of the Americas and Broadway, the site spans 5,021 square feet across two tax lots—one vacant and one improved with a three-story building to be delivered vacant. The property is zoned C6-5.5 within the Special Midtown District (MiD), allowing for a maximum as-of-right FAR of 12.0 for commercial or Universal Affordability Preference (UAP) uses, and up to 10.0 FAR for market-rate residential. The offering includes the potential to access approximately 14,018 square feet of development rights from the adjacent building at 142 West 44th Street, enabling a total buildable area of up to 74,270 square feet. Developers may also pursue offsite UAP certificates to unlock full market-rate residential FAR. The site qualifies for multiple zoning bonuses, including a 20% FAR increase for transit improvements and landmark air rights transfers under the City of Yes initiative, streamlining approvals and expanding density potential. Positioned just steps from Times Square, Bryant Park, and Grand Central Terminal, the site benefits from unmatched transit access via the 1, 2, 3, 7, A, C, E, N, Q, R, S, W, B, D, F, and M subway lines. The surrounding neighborhood offers world-class entertainment, dining, and retail, making it ideal for hotel, residential, or mixed-use development. With Midtown’s hotel supply constrained and demand surging ahead of the 2026 FIFA World Cup, this site is exceptionally well-positioned for hospitality investment.