402 W 40th St - Office/Residential FOR SALE


New York, NY 10018- Midtown West
$4,000,000 USD
718-360-8815
402 W 40th St, New York, NY for Sale
$4,000,000 USD
Office/Residential - FOR SALE
1/14
null | Request Cap Rate

402 W 40th St
New York, NY 10018
Midtown West


HIGHLIGHTS

  • Delivered Vacant
  • Free Market

OVERVIEW

Investment Property Realty Group (IPRG) is pleased to present 402 West 40th Street, a prime mixed-use property located in the Midtown West neighborhood of Manhattan. The subject property is positioned between Ninth and Tenth Avenues, just steps from Times Square, Hudson Yards, and the Port Authority Bus Terminal. It is currently configured as one office and one residential unit, totaling approximately 4,337 square feet. The property presents significant redevelopment and value-add potential in one of Manhattan’s highest-density corridors. This opportunity is further enhanced by strong transit access—directly connected to 15+ subway lines, the bus terminal, and the Lincoln Tunnel. The area is poised for long-term appreciation, driven by the $10 billion Port Authority Bus Terminal redevelopment project, which will deliver new office towers, retail concourses, and public spaces. 402 West 40th Street represents a rare opportunity to acquire a Midtown West asset with residential, office, retail, and development potential in one of Manhattan’s most sought-after neighborhoods.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$1,176 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1939

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

C1-7A; HY

APN/PARCEL ID

0737-0040

ASK ABOUT THIS PROPERTY

Adam LobelInvestment Property Realty GroupMore Info
718-360-8815

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Adam LobelInvestment Property Realty GroupMore Info
718-360-8815

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