£8,702,795
Property for sale
Property photos
Just added
Fixed price
£8,702,795
US$11,800,000
Property for sale
West 36th Street, New YorkAdded on
Features and description
- Unfurnished
- Elevator
- Investment Property
Fully Stabilized | 100% Occupied | Proven 13-Year Anchor Tenant | Garment District, Manhattan
150 West 36th Street is a five-story, 10,395-square-foot mixed-use building offered fee simple and fully leased, two blocks from Penn Station in Manhattan's Garment District.
The property produces $714,444 of gross annual income with reported in-place noi of approximately $526,000. All four tenancies transfer at closing — no lease-up period, no leasing budget required to reach stabilization, and no gap between closing and cash flow.
The ground floor, second floor and cellar are anchored by Zen Ramen & Sushi, a high-volume Midtown restaurant operator with more than 3,500 Yelp reviews, under a lease running six more years. The three upper floors are held by established commercial tenancies — a tailoring house trading since 1959, a textile and apparel user, and a medical spa — each occupying a full floor served by a passenger elevator. Rollover is spread across four separate years, and every office floor carries a renewal option.
The building's nearest lease expiration sits at a rent set in a prior cycle. Garment District asking rents have moved since, leaving a defined path to income growth that does not depend on lease-up.
Sixteen subway lines plus path, lirr, nj Transit and Amtrak converge within a quarter mile. Herald Square, Macy's, Bryant Park, Madison Square Garden and the Empire State Building are all within a ten-minute walk. Twenty-five-foot lots on Midtown side streets are finite; the supply of small, fully leased freehold buildings in this corridor does not expand.
Complete financials, rent roll, and lease documentation available upon execution of a Confidentiality Agreement.
Property Highlights
Energy Efficiency Rating
EPC rating: Unknown
150 West 36th Street is a five-story, 10,395-square-foot mixed-use building offered fee simple and fully leased, two blocks from Penn Station in Manhattan's Garment District.
The property produces $714,444 of gross annual income with reported in-place noi of approximately $526,000. All four tenancies transfer at closing — no lease-up period, no leasing budget required to reach stabilization, and no gap between closing and cash flow.
The ground floor, second floor and cellar are anchored by Zen Ramen & Sushi, a high-volume Midtown restaurant operator with more than 3,500 Yelp reviews, under a lease running six more years. The three upper floors are held by established commercial tenancies — a tailoring house trading since 1959, a textile and apparel user, and a medical spa — each occupying a full floor served by a passenger elevator. Rollover is spread across four separate years, and every office floor carries a renewal option.
The building's nearest lease expiration sits at a rent set in a prior cycle. Garment District asking rents have moved since, leaving a defined path to income growth that does not depend on lease-up.
Sixteen subway lines plus path, lirr, nj Transit and Amtrak converge within a quarter mile. Herald Square, Macy's, Bryant Park, Madison Square Garden and the Empire State Building are all within a ten-minute walk. Twenty-five-foot lots on Midtown side streets are finite; the supply of small, fully leased freehold buildings in this corridor does not expand.
Complete financials, rent roll, and lease documentation available upon execution of a Confidentiality Agreement.
Property Highlights
- 100% Occupied | Immediate Cash Flow
- 13-Year Anchor Tenant
- 5 Floors | 4 Tenants | 10,395 sf
- Lot: 25 x 98.75 ft | Year Built: 1920
- Zoning: M1-9A/R12 | msx District
- Steps to Penn Station, Herald Square & Bryant Park
Energy Efficiency Rating
EPC rating: Unknown
Floor plans and tours
Floor plans (2)
Tours
No virtual tour available
More information
Listed by
Nest Seekers International
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