335-337 Seventh Avenue

For Sale: Flagship, Multi-Story Commercial Building Steps from Penn Station and Madison Square Garden

355-357 Seventh Avenue, New York, NY 10001
Asking Price Submit Offers
Type Commercial
Neighborhood Chelsea
Properties 1
Lot Size 3,576 SF
Zoning Code M1-6
Size 10,500 SF
Stories 12
Units 9
Air Rights 25,260 SF

Investment Highlights:

Meridian Investment Sales is pleased to present the exclusive offering for the sale of 355-357 Seventh Avenue – an existing 10,500 square foot boutique commercial building located in the esteemed Chelsea neighborhood of Manhattan. Located in the flexible M1-6 zoning district, the site offers investors the opportunity to reposition as a commercial, residential, or hotel development site or develop as a flagship, multi-story retail box. Located at the southeast intersection of Seventh Avenue and West 30th Street, the site offers excellent light and air throughout and allows for a maximum ZFA of 35,760 square feet. In addition, the site offers over 45′ of frontage on Seventh Avenue and over 75′ of frontage on West 30th Street.

The property is located just steps from Penn Station and Madison Square Garden and around the corner from the Fashion Institute of Technology’s planned new development and existing campus. As a result, the site offers incredible foot and car traffic, making it a premier location for commercial, hotel, or residential development. The building currently has a gross income of more than $1,350,000 and is 100% occupied. The landlord has early termination options for all tenants, allowing investors to have cash flow while going through the approval process.

Location:

Located on the corner of West 30th Street just steps from Penn Station and Madison Square Garden

Property Listing Contact:

David Schechtman // Senior Managing Director // 800 3rd Ave., New York, NY // 212.468.5907 // dschechtman@meridiancapital.com

Lipa Lieberman // Managing Director // 800 3rd Ave., New York, NY // 212.468.5908 // llieberman@meridiancapital.com

Abie Kassin // Director // 800 3rd Ave., New York, NY // 212.468.5909 // akassin@meridiancapital.com