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38 W 21st St
New York, NY 10010
Office Property For Sale
Investment Highlights
- Positioned in the Flatiron District, a premier Manhattan office and technology hub.
- Exceptional transit access near multiple subway lines and major thoroughfares.
- Located in a submarket known for robust tenant demand and minimal vacancy.
- Fully leased multi-tenant building with consistent income stream.
- Surrounded by dynamic retail, hospitality, and residential amenities.
Executive Summary
This 12-story office property in Manhattan’s renowned Flatiron District offers a rare investment opportunity in one of the city’s most resilient office submarkets. Built in 1940, the building encompasses roughly 84,000 square feet and is fully leased with multiple tenants, ensuring immediate cash flow for an investor.
The property stands out with its walkability score and connectivity to nearby transit networks, granting tenants excellent accessibility within New York City. Located in a thriving office and mixed-use corridor, the building benefits from strong surrounding amenities including dining, retail, and residential vibrancy. With a zoning designation of M1-6M, there is inherent flexibility in permitted uses, which may present future repositioning or redevelopment potential subject to approvals.
The property stands out with its walkability score and connectivity to nearby transit networks, granting tenants excellent accessibility within New York City. Located in a thriving office and mixed-use corridor, the building benefits from strong surrounding amenities including dining, retail, and residential vibrancy. With a zoning designation of M1-6M, there is inherent flexibility in permitted uses, which may present future repositioning or redevelopment potential subject to approvals.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
84,000 SF
Building Class
C
Year Built
1940
Percent Leased
100%
Tenancy
Multiple
Building Height
12 Stories
Typical Floor Size
7,000 SF
Slab To Slab
11’
Building FAR
11.34
Lot Size
0.17 AC
Zoning
M1-6M - Light Manufacturing Zoning District
Amenities
- 24 Hour Access
Property Taxes
| Parcel Number | 0822-0062 | Improvements Assessment | $11,653,510 CAD |
| Land Assessment | $1,178,310 CAD | Total Assessment | $12,831,820 CAD |
Property Taxes
Parcel Number
0822-0062
Land Assessment
$1,178,310 CAD
Improvements Assessment
$11,653,510 CAD
Total Assessment
$12,831,820 CAD
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