41 W 56th St - Office FOR SALE


New York, NY 10019- Midtown East
$13,500,000 USD
212-589-5118
41 W 56th St, New York, NY for Sale
$13,500,000 USD
Office - FOR SALE
1/9
null | Request Cap Rate

NEW


41 W 56th St
New York, NY 10019
Midtown East


HIGHLIGHTS

  • 100% Vacant
  • Elevator Building
  • Investment or User Opportunity
  • Located Between 5th & 6th Avenues
  • 10,338 Gross Square Feet
  • 9,742 SF of Air Rights

OVERVIEW

Cushman & Wakefield has been exclusively retained to arrange the sale of 41 West 56th Street, an elevator building located on the north side of West 56th Street between 5th and 6th Avenues in Central Midtown Manhattan. The property is currently 100 percent vacant and provides an incoming investor or user with immediate control of the asset and a clear path to repositioning and lease up. 41 West 56th Street spans approximately 10,338 gross square feet and benefits from approximately 9,742 square feet of unused air rights, offering meaningful long-term upside and potential future expansion optionality, subject to zoning and approvals. The building is serviced by a dual entrance elevator, a strong differentiator for both office and retail tenancy. Strategically positioned in Central Midtown, the property sits within one of Manhattan’s most established luxury and corporate corridors, supported by premier co tenancy across retail, dining, and hospitality. Nearby destination retailers and lifestyle anchors, along with world class hotels and acclaimed restaurants, drive consistent foot traffic and reinforce the area’s appeal for high quality retail, office, and experiential users. Overall, 41 West 56th Street represents a compelling investment or user opportunity in a prime Midtown location, offering immediate vacancy, an elevator, and significant embedded upside through repositioning and future air rights potential.

FOR SALE DETAILS

PRICE

$13,500,000 USD

PRICE/SF

$1,306 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

C

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,510 SF

ZONING

C5-P, MiD

APN/PARCEL ID

1272-0013

ASK ABOUT THIS PROPERTY

Bobby CarrozzoCushman & WakefieldMore Info
212-589-5118

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Bobby CarrozzoCushman & WakefieldMore Info
212-589-5118

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