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  • 358 West 40th Street

    Fashion District, Manhattan, NY, 10018

    Temporarily Off Market
    House
    10,980
    Approx. Sq. Ft.
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    Key Details

    Property Type:
    House/Building
    Taxes:
    $54,166 / mo.
    Approx. Square Feet:
    10980 ft
    Price per Square Foot:
    $1,776
    County:
    Manhattan
    Dog Policy:
    Allowed
    Cat Policy:
    Allowed
    Units in Building:
    5
    Stories:
    6
    Building Type:
    Lowrise
    Building Age:
    Pre-war
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    Listing Description
    This residential zoned commercial loft building in the heart of midtown west Manhattan only 3 blocks from Times Square-- with Elevator--has just been completely renovated. The building itself is total of 12,000 sq ft & consists of 5 floor through lofts & 2 retail spaces on the ground and cellar floor . the building dimensions are approx 40 x 50 . The FAR as built is 5.82 a with maximum allowable FAR of 6.02. Building class is Miscellaneous Office Building/ Mixed. Zoning is C1-7A. The Building has limited air rights Cap Rate: 4.3% Real Estate Taxes & insurance are approx $80,000 annually. The utilities are paid by the tenants The building will be fully leased, with a net annual income of approx $652,000. This presents a great opportunity for an immediate income producing building with exceptional long-term capital appreciation.
    Listing Courtesy of Corcoran Group, The

    Amenities

    Elevator Video Intercom
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    The Neighborhood for 358 West 40th Street
    Located in Fashion District

    The city’s fashion heartbeat with gritty exterior.

    Fashion District Guide All neighborhoods
    42nd St
    1 mins, 0.1 mi
    34th St
    5 mins, 0.3 mi
    Times Square
    6 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