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55 West 38th Street, New York, NY 10018

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For Sale

$6,800,000

5 baths • 6,000 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • Newly Listed
    Time on Century 21

  • $1,133.33
    Price per square foot

Explore this Property

FOR SALE PRIME MIDTOWN DEVELOPMENT OPPORTUNITY 55 W 38th Street, New York, NY Unlock exceptional development potential in the heart of Midtown Manhattan. Just steps from Bryant Park, Herald Square, and major transit hubs, 55 W 38th Street offers a rare combination of location, zoning flexibility, and substantial unused buildable area perfect for developers, investors, and visionaries seeking high-value upside. Property Highlights Lot Size: 20 ft 98.75 ft (approx. 1,975 sq ft) Zoning: M1-9A / R12 highly versatile designation supporting significant residential development Residential FAR: 12.0 Existing Structure: Approx. 6,000 sq ft ? Buildable Potential With a total allowable floor area of 23,700 sq ft, the property delivers a compelling opportunity for new construction or strategic expansion. Total Allowable Floor Area: 1,975 sq ft 12 FAR = 23,700 sq ft Existing Floor Area: 6,000 sq ft Remaining Buildable Area: 17,700 sq ft ? Investment Summary This property offers approximately 17,700 sq ft of unused residential buildable area, presenting a rare chance to create value in one of Manhattan s most dynamic corridors. Ideal for: Ground-up residential development Vertical expansion of the existing building Value-add repositioning for rental, condo, or mixed-use applications Whether you re aiming to deliver luxury residences, boutique hospitality, or a mixed-use asset, 55 W 38th Street provides the zoning, scale, and location to realize a standout project. ? Inquire Today Capitalize on this exceptional Midtown development site. For pricing, financials, and tours, please contact us.
MLS# 11610350

Courtesy Of Compass

(212) 913-9058

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Directions to 55 West 38th Street, New York, NY 10018

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.