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222 W 30th St
New York, NY 10001
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Substantial air rights for vertical expansion
- Classic 1920s structure with redevelopment potential
- Offered at $11,000,000 with long-term upside
- Prime Midtown location near Penn Station
- High-demand retail and office corridor
EXECUTIVE SUMMARY
Offered at $11,000,000, 222 W 30th Street presents a compelling investment opportunity in Midtown Manhattan. This two-story structure includes a substantial amount of air rights, allowing for potential vertical expansion or redevelopment. Located in one of New York’s most transit-rich zones, the property is ideal for investors or developers seeking long-term upside in a high-demand corridor.
The building’s proximity to Penn Station, major office towers, and retail anchors ensures strong tenant demand and long-term value. With 5,000 square feet of gross leasable area and flexible zoning, the asset supports a wide range of uses including retail, office, or mixed-use redevelopment. The combination of existing income potential and future development rights makes this a rare opportunity in the Midtown market.
The building’s proximity to Penn Station, major office towers, and retail anchors ensures strong tenant demand and long-term value. With 5,000 square feet of gross leasable area and flexible zoning, the asset supports a wide range of uses including retail, office, or mixed-use redevelopment. The combination of existing income potential and future development rights makes this a rare opportunity in the Midtown market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,000 SF
Building Class
B
Year Built
1920
Price
$15,217,289 CAD
Price Per SF
$3,043.46 CAD
Percent Leased
54%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.30
Lot Size
0.05 AC
Zoning
M1-5 - Light industrial with offices, hotels, and most retail uses permitted
Frontage
23’ on 30Th St
PROPERTY TAXES
| Parcel Number | 0779-0056 | Improvements Assessment | $614,336 CAD |
| Land Assessment | $248,388 CAD | Total Assessment | $862,723 CAD |
PROPERTY TAXES
Parcel Number
0779-0056
Land Assessment
$248,388 CAD
Improvements Assessment
$614,336 CAD
Total Assessment
$862,723 CAD
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