41 W 36th St, New York, NY 10018

Entire Building + Air Rights for Sale ideal for End-user, Investor or Developer. Currently 5 Floors + Basement. Market Annual Value Rents: Main Floor + Basement 240K, 2nd Floor 120K, 3rd Floor 100K, 4th Floor 40K, 5th Floor 40K, Plus Roof Ideal for 3 Communication Towers Income 120K = $660,000 Minimum Current Market Annual Value Rental Income. Also Have The Option To Use The 36,000SF Air Rights To Build A Bigger Project such as a Hotel or Condominium. Total monthly expenses only 10k for the building includes taxes, insurance, electricity, oil heat, and garbage removal, etc. Best Location & Transportation - Centrally Located By Herald Square-Fashion/K-Town & Convenient To Penn Station, Time Square, Bryant Park, Empire State Building & Grand Central. Prime Real Estate, Location & Transit System. Top Restaurants, Shops and High Demand Area. Welcome All Offers! Proposed Condominium Building Project 41 W 36 A boutique full-floor condominium redevelopment in Midtown South Manhattan — steps from Herald Square, Bryant Park and Penn Station. Engine-validated base case: ~31.6% levered IRR, ~$8.85M net profit on a comp-defensible underwrite. The Opportunity Acquire a 1,975sf Midtown South lot (existing 6-story building, 41 West 36th St) at a land basis of $6.75M and develop a slender boutique condominium — ten full-floor residences, a duplex penthouse with private outdoor space, and ground-floor retail (~18,000 buildable sf, ~13 floors). The full-floor format commands a premium in this submarket: one private elevator landing per home, no shared corridors. Underwritten at a comp-defensible $2,000/sf on closed Midtown South sales — not the top of the range. By the numbers Twelve metrics that define the deal — from total project cost to target IRR. Numbers are pulled from the v3 investment memo. 01 $21,098,783 Total Project Cost 02 $6,750,000 Land basis (asking) 03 $8,100,000 Hard cost @ $450/sf GSF 04 1,975 sf Lot Area 05 ~18,000 sf Buildable program (~13 fl) 06 11 Units (10 + PH) + retail 07 13,400 sf Sellable residential 08 $2,000/sf Base sale price (resi) 09 $29,950,000 Gross Sales (base) 10 $8,851,217 Net Profit (base) 11 42.0% ROI on Total Cost 12 ~31.6% Levered IRR (base) 41 West 36th Street, Midtown South In the Heart of Midtown South, between Fifth Avenue and Avenue of the Americas — one of Manhattan's most transit-dense, deepest condo-buyer submarkets. The Building A slender boutique condominium: ~18,000 GSF over ~13 floors — ten full-floor residences, a duplex penthouse with private outdoor space, and ground-floor retail. One home per floor, with a private elevator landing. Floor stack PH 12–13 1 units $2,400–$2,800/sf Fl 8–11 4 units $2,050–$2,200/sf Fl 4–7 4 units $1,900–$2,050/sf Fl 2–3 2 units $1,800–$1,900/sf Ground 1 units $1,500/sf retail 11 units · ~13 floors · ~1,100 sf full-floor Verify zoning · NYC ZoLa ↗ Type Boutique condominium — redevelopment Address 41 West 36th Street, NY 10018 Lot Area 1,975 sf · 20 ft × 98.75 ft Existing building 6 stories · ~11,280 sf · built 1935 Program (modeled) ~18,000 GSF · ~13 floors Units 10 full-floor + 1 duplex PH + retail Sellable residential 13,400 sf · ~1,100 sf / floor Ground retail 1,300 sf Zoning (base) M1-6 · residential via rezoning / conversion Proposed rezoning M1-9A / R12 · Resi FAR 18 · 35,550 sf max Block / Lot Block 838, Lot 20 (BBL 1-838-20) Air rights (proposed) ~24,270 sf — saleable / upside