Office Vacant-User
347 West 36th Street
347 W 36th St., New York, NY 10018
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is the exclusive agents for 347 West 36th Street, a 17-story, 125,145 rentable sq. ft. commercial office building located in the heart of Midtown - Penn Plaza. The Property is 74% leased to a diverse tenant base with suite sizes ranging from 1,500 to 5,000 sq. ft. Tenants represent a wide variety of industries, including apparel, entertainment, financial services, and design, among others—many of whom are closely connected to the Garment Center. The Property is overbuilt by 16,164 sq. ft.
Ownership has demonstrated a commitment to maintaining and enhancing the Property, having invested over $2M in capital upgrades and tenant improvements. These include with Local Law 11, lobby modernization and numerous tenant suite renovations. The building has been consistently well-maintained and provides stable in-place cash flow with future upside potential through additional lease-up or potential owner-user occupancy.
347 West 36th Street
Investment Highlights
- 17-story, 125,145 SF office building located in Midtown's Penn Plaza district. Currently 74% leased
- Ownership has invested over $2 million in capital improvements, including LL11 compliance, a renovated lobby, and upgraded tenant spaces
- Ideally positioned just 3 minutes from Penn Station, the Property offers unparalleled access to Amtrak, NJ Transit, LIRR, and multiple subway lines
Exclusively Listed By
Financing By
Listing Price: Request For Offer
Investment Highlights
- 17-story, 125,145 SF office building located in Midtown's Penn Plaza district. Currently 74% leased
- Ownership has invested over $2 million in capital improvements, including LL11 compliance, a renovated lobby, and upgraded tenant spaces
- Ideally positioned just 3 minutes from Penn Station, the Property offers unparalleled access to Amtrak, NJ Transit, LIRR, and multiple subway lines
Investment Overview
Marcus & Millichap is the exclusive agents for 347 West 36th Street, a 17-story, 125,145 rentable sq. ft. commercial office building located in the heart of Midtown - Penn Plaza. The Property is 74% leased to a diverse tenant base with suite sizes ranging from 1,500 to 5,000 sq. ft. Tenants represent a wide variety of industries, including apparel, entertainment, financial services, and design, among others—many of whom are closely connected to the Garment Center. The Property is overbuilt by 16,164 sq. ft. Ownership has demonstrated a commitment to maintaining and enhancing the Property, having invested over $2M in capital upgrades and tenant improvements. These include with Local Law 11, lobby modernization and numerous tenant suite renovations. The building has been consistently well-maintained and provides stable in-place cash flow with future upside potential through additional lease-up or potential owner-user occupancy.
Exclusively Listed By
Financing By
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