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  • 319-321 West 38th Street

    Fashion District, Manhattan, NY, 10018

    Approx. Sq. Ft.
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    Key Details

    Property Type:
    $115,683 / year
    Approx. Square Feet:
    9575 ft
    Price per Square Foot:
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    Listing Description
    Massey Knakal Realty Services has been retained on an exclusive basis to arrange for the right to acquire all of the condominium interests at 319-321 West 38th Street, thus allowing for an approximate 54,504 BSF development site featuring approximately 46 of frontage on the north side of West 38th Street between Eighth and Ninth Avenues. The subject property is currently improved by a 4-story walk-up residential building containing 16 condominium units. The property is uniquely located within the Garment Center Special Purpose Zoning District and allows for both commercial and/or residential uses. As such, the maximum FAR of 12.0 in this zoning district allows for a development of up to approximately 54,504 square feet. With the current Manhattan residential market experiencing a dearth of new condominiums available, the retail sector achieving record rents, and the hotel market booming with record tourism, this property represents an opportunity for a developer to capitalize on these trends through the redevelopment of a sizeable mixed-use project. 319-321 West 38th Street is an ideal site for a mixed-use project that could feature a combination of retail, luxury residential, as well as a hospitality component given its location in the heart of some of the citys largest privately and publicly funded development projects including the Hudson Yards, Manhattan West, the No. 7 Subway Extension, the Hudson Yards Boulevard & Park, and the West Chelsea High Line. As the city moves forward with its master plan to foster growth in this burgeoning area, demand for development sites has continued to increase as investors and developers compete for the few remaining parcels of land in the West Side. The ability to construct a sizeable project in arguably Manhattans most exciting submarket makes the subject property an incredible development opportunity
    Listing Courtesy of Cushman & Wakefield


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    The Neighborhood for 319-321 West 38th Street
    Located in Fashion District

    The city’s fashion heartbeat with gritty exterior.

    Fashion District Guide All neighborhoods
    42nd St
    2 mins, 0.1 mi
    34th St
    3 mins, 0.2 mi
    Times Square
    5 mins, 0.3 mi

    All square footage measurements are approximate and should be independently verified and confirmed. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.

    All data is deemed reliable but is not guaranteed accurate by the RLS or Compass. See Terms of Service for additional restrictions.

    Compass · Tel: 212-913-9058 · New York, NY