Description

BKREA has been exclusively retained to market the sale of 38 West 21st Street, a 12-story office building located on the south side of West 21st Street between Fifth and Sixth Avenues in Manhattan’s highly sought-after Flatiron neighborhood. Built in 1908 and comprising approximately 68,808 gross square feet on a 6,166-square-foot lot, the property is zoned C6-4A (R10 equivalent) and is currently 30% occupied with a 4.82-year WALT, offering significant near-term flexibility. The building presents a compelling opportunity for office-to-residential condominium conversion, value-add renovation and lease-up, or owner-user occupancy, supported by its proximity to Madison Square Park, strong transit access, and Flatiron’s enduring demand as a premier live-work submarket.