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Investment Highlights

  • 100% Vacant
  • Investment or User Opportunity
  • 10,338 Gross Square Feet
  • Elevator Building
  • Located Between 5th & 6th Avenues
  • 9,742 SF of Air Rights

Executive Summary

Cushman & Wakefield has been exclusively retained to arrange the sale of 41 West 56th Street, an elevator building located on the north side of West 56th Street between 5th and 6th Avenues in Central Midtown Manhattan. The property is currently 100 percent vacant and provides an incoming investor or user with immediate control of the asset and a clear path to repositioning and lease up.
41 West 56th Street spans approximately 10,338 gross square feet and benefits from approximately 9,742 square feet of unused air rights, offering meaningful long-term upside and potential future expansion optionality, subject to zoning and approvals. The building is serviced by a dual entrance elevator, a strong differentiator for both office and retail tenancy.
Strategically positioned in Central Midtown, the property sits within one of Manhattan’s most established luxury and corporate corridors, supported by premier co tenancy across retail, dining, and hospitality. Nearby destination retailers and lifestyle anchors, along with world class hotels and acclaimed restaurants, drive consistent foot traffic and reinforce the area’s appeal for high quality retail, office, and experiential users.
Overall, 41 West 56th Street represents a compelling investment or user opportunity in a prime Midtown location, offering immediate vacancy, an elevator, and significant embedded upside through repositioning and future air rights potential.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
10,338 SF
Building Class
C
Year Built
1920
Price
$18,399,689 CAD
Price Per SF
$1,779.81 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
2,068 SF
Building FAR
4.12
Lot Size
0.06 AC
Zoning
C5-P, MiD - Central commercial district with continuous retail frontage intended for offices and retail establishments that serve the entire metropolitan region

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • Basement
  • 2,500 SF
  • Office/Retail
  • Full Build-Out
  • Now

Available for the first time in 20 years Full building opportunity Turn-key Showroom Bathrooms and kitchenettes on each floor Dual entrance elevator in place

  • 1st Floor
  • 2,500 SF
  • Office/Retail
  • Full Build-Out
  • Now

Available for the first time in 20 years Full building opportunity Turn-key Showroom Bathrooms and kitchenettes on each floor Dual entrance elevator in place

  • 2nd Floor
  • 2,500 SF
  • Office/Retail
  • Full Build-Out
  • Now

Available for the first time in 20 years Full building opportunity Turn-key Showroom Bathrooms and kitchenettes on each floor Dual entrance elevator in place

  • 3rd Floor
  • 2,000 SF
  • Office/Retail
  • Full Build-Out
  • Now

Available for the first time in 20 years Full building opportunity Turn-key Showroom Bathrooms and kitchenettes on each floor Dual entrance elevator in place

  • 4th Floor
  • 2,000 SF
  • Office/Retail
  • Full Build-Out
  • Now

Available for the first time in 20 years Full building opportunity Turn-key Showroom Bathrooms and kitchenettes on each floor Dual entrance elevator in place

  • 5th Floor
  • 2,000 SF
  • Office/Retail
  • Full Build-Out
  • Now

Available for the first time in 20 years Full building opportunity Turn-key Showroom Bathrooms and kitchenettes on each floor Dual entrance elevator in place

Space Size Space Use Condition Available
Basement 2,500 SF Office/Retail Full Build-Out Now
1st Floor 2,500 SF Office/Retail Full Build-Out Now
2nd Floor 2,500 SF Office/Retail Full Build-Out Now
3rd Floor 2,000 SF Office/Retail Full Build-Out Now
4th Floor 2,000 SF Office/Retail Full Build-Out Now
5th Floor 2,000 SF Office/Retail Full Build-Out Now

Basement

Size
2,500 SF
Space Use
Office/Retail
Condition
Full Build-Out
Available
Now

1st Floor

Size
2,500 SF
Space Use
Office/Retail
Condition
Full Build-Out
Available
Now

2nd Floor

Size
2,500 SF
Space Use
Office/Retail
Condition
Full Build-Out
Available
Now

3rd Floor

Size
2,000 SF
Space Use
Office/Retail
Condition
Full Build-Out
Available
Now

4th Floor

Size
2,000 SF
Space Use
Office/Retail
Condition
Full Build-Out
Available
Now

5th Floor

Size
2,000 SF
Space Use
Office/Retail
Condition
Full Build-Out
Available
Now

Basement

Size 2,500 SF
Space Use Office/Retail
Condition Full Build-Out
Available Now

Available for the first time in 20 years Full building opportunity Turn-key Showroom Bathrooms and kitchenettes on each floor Dual entrance elevator in place

1st Floor

Size 2,500 SF
Space Use Office/Retail
Condition Full Build-Out
Available Now

Available for the first time in 20 years Full building opportunity Turn-key Showroom Bathrooms and kitchenettes on each floor Dual entrance elevator in place

2nd Floor

Size 2,500 SF
Space Use Office/Retail
Condition Full Build-Out
Available Now

Available for the first time in 20 years Full building opportunity Turn-key Showroom Bathrooms and kitchenettes on each floor Dual entrance elevator in place

3rd Floor

Size 2,000 SF
Space Use Office/Retail
Condition Full Build-Out
Available Now

Available for the first time in 20 years Full building opportunity Turn-key Showroom Bathrooms and kitchenettes on each floor Dual entrance elevator in place

4th Floor

Size 2,000 SF
Space Use Office/Retail
Condition Full Build-Out
Available Now

Available for the first time in 20 years Full building opportunity Turn-key Showroom Bathrooms and kitchenettes on each floor Dual entrance elevator in place

5th Floor

Size 2,000 SF
Space Use Office/Retail
Condition Full Build-Out
Available Now

Available for the first time in 20 years Full building opportunity Turn-key Showroom Bathrooms and kitchenettes on each floor Dual entrance elevator in place

Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
1272-0013
Land Assessment
$785,053 CAD
Improvements Assessment
$897,646 CAD
Total Assessment
$1,682,699 CAD
  • Listing ID: 39712044

  • Date on Market: 2026-03-09

  • Last Updated:

  • Address: 41 W 56th St, New York, NY 10019

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