Welcome to 236 West 72nd Street, a 25-foot-wide, six-story commercial building perfectly positioned between Broadway and West End Avenue on the vibrant Upper West Side. This property presents an exceptional investment opportunity for a diverse range of buyers, including owner-occupants, commercial investors, or residential converters looking to maximize the value of this versatile asset.

Key Features:

• Brand New Building: Designed by Sydness Architects, the property is a modern marvel that combines contemporary design with the classic charm of the Upper West Side.
• Zoning Flexibility: Located in a C4-6A zoning district, this property permits a variety of uses, including residential, commercial, and community facilities, offering limitless potential for future development.
• Fully Built-Out Spaces: The ground floor features a turnkey bar with a 4 AM liquor license, making it ideal for restaurant and nightlife entrepreneurs. The upper floors offer built-out office space, shell spaces ready for customization, and a 100-person capacity multipurpose room with a public assembly permit.
• Value-Add Potential: Additional air rights of approximately 11,467-16,575 SF offer opportunities to expand the existing structure, subject to LPC approval, maximizing the investment potential of the property.
• Prime Location: Situated steps away from Verdi Square, the 1, 2, 3 subway lines, and surrounded by high-end retail and residential developments, this property benefits from unmatched connectivity and foot traffic.
• Beautiful Rooftop Views: A unique rooftop space provides breathtaking views of 42nd Street, Hudson Yards, and the Intrepid Museum, presenting an opportunity to create a standout bar or experience center in one of New York’s most desirable neighborhoods.

Building Overview:

• Building Size: Approximately 14,076 SF with rentable square footage of 15,771 SF.
• Stories: 6 floors plus a cellar, serviced by a manually operated elevator.
• Ceiling Heights: Ranging from 10’9” to 11’5”, providing a spacious feel without columns for maximum flexibility in layout.
• Year Built: Originally constructed in the 1920s by Con-Edison, the building retains historical significance while offering modern amenities.
• Tenancy: Currently home to multiple tenants, with spaces available for immediate occupancy or reconfiguration.
• Transportation Access: A half-block from major subway lines and close proximity to Riverside and Central Parks, offering easy access to Midtown Manhattan and beyond.

Investment Highlights:

• Asking Price: $11,950,000 ($849 per SF)
• Property Class: Class B commercial with M2 Mission House designation (non-residential).
• Value Growth Potential: Located within a thriving, fast-growing area, with major nearby developments including Silverstein’s future casino project.
• Future Conversion: Mayor Adams’ City of Yes initiative may soon allow residential conversion, further enhancing the property’s long-term appeal.

This one-of-a-kind property at 236 West 72nd Street is a rare find in a coveted Manhattan location, offering a unique blend of historical charm and modern adaptability. With approvals for all commercial uses and the potential for future residential conversion, this building stands as a premier choice for those seeking a high-yield investment with multiple paths for growth.

Schedule a showing today to explore this exceptional opportunity!