236 W 72nd St - Office/Residential FOR SALE


New York, NY 10023- Lincoln Square
$9,990,000 USD
786-300-2869
236 W 72nd St, New York, NY for Sale
$9,990,000 USD
Office/Residential - FOR SALE
1/14
null | Request Cap Rate

236 W 72nd St
New York, NY 10023
Lincoln Square


HIGHLIGHTS

  • Delivered fully vacant, allowing immediate execution of redevelopment or repositioning plans.
  • Flexible C4-6A zoning supports office, commercial, residential, and institutional uses.
  • Approximately 11,467–16,575 sq. ft. of available air rights for future development.
  • Six stories plus cellar with elevator and full-floor plates offering abundant natural light.
  • Prime Upper West Side location steps from 72nd Street/Broadway express subway station (1, 2, 3 lines).
  • Currently tax-exempt with 2024/25 taxes projected at $166,138.

OVERVIEW

Located on a bustling, high-traffic block of West 72nd Street, this six-story elevator building boasts approximately 15,771 square feet of space on a 25' x 102' lot. The building's historic charm is complemented by modern amenities, high ceilings, and abundant natural light from north, south, and west exposures. This turnkey property is a rare find in one of New York City's most desirable neighborhoods. With its flexible C4-6A zoning, the building can be adapted for a variety of uses, including: • Luxury Condominiums: Capitalize on the high demand for residential properties in the area. • Corporate Headquarters: Establish a prestigious address for your business. Investment Highlights • Delivered Vacant (partial leaseback option): The property will be delivered vacant, providing a turnkey opportunity for the new owner to immediately begin their project without the complexities of existing leases. • Unmatched Flexibility: The building's size, location, and zoning allow for a wide range of potential uses, offering investors and developers a multitude of options to maximize their return on investment. • High ceilings spanning from 11.5 ft high - 14.5 ft high • Expansion Potential: The property includes additional air rights, offering the potential to expand the building and add significant value. Subject to landmark approvals • Prime Upper West Side Location: Situated just steps from Central Park, Lincoln Center, and major subway lines, 236 West 72nd Street offers unparalleled access to the best of New York City. • Strong Market Fundamentals: The Upper West Side is a thriving market with strong demand for both residential and commercial properties, ensuring long-term value and stability. This is a rare opportunity to acquire a significant and versatile asset in one of Manhattan's most sought-after neighborhoods. Contact Jade Shenker jade@serhant.com to schedule a tour.

FOR SALE DETAILS

PRICE

$9,990,000 USD

PRICE/SF

$740 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,554 SF

ZONING

C4-6A

APN/PARCEL ID

1163-0050

ASK ABOUT THIS PROPERTY

Jade ShenkerSerhantMore Info
786-300-2869

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jade ShenkerSerhantMore Info
786-300-2869

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.