$6,900,000
Updated 7 years ago
Sold

440 West 36th Street

Hell's Kitchen, Manhattan | Dyer Ave & Tenth Ave

6,300 Square FeetDevelopment Site

$6,900,000
floors / apts6 / 10
Lot Size25'x98'8"
ZoneR8A
Building TypeLow-Rise
RE Taxes$26,061
Price Per SF
$1,095

This property was sold for $6,900,000 on 07/18/19.

Property Description for 440 West 36th Street

Ariel Property Advisors has been retained on an exclusive basis to sell 440 West 36th Street, a 14,862 buildable square foot development site located in the rapidly growing Hudson Yards neighborhood on the South side of West 36th street between 10th Avenue and Dyer Avenue. 440 West 36th Street is currently a 25’ wide, 6-story special purpose building measuring 6,300 square feet with 8,562 square feet of additional unused air rights. The property, which will be delivered vacant, is located within a R8A/C2-5 mixed-use zoning district. Due to its unique positioning in Sub-Area D4 of the Hudson Yards Special Zoning District, however, the site is unaffected by sliver law, allowing a developer to build to the maximum 6.02 as-of-right FAR. Developers can therefore either convert the existing structure or plan for mixed-use condominium or mixed-use rental projects. Right at the edge of the Hudson Yards neighborhood, 440 West 36th Street is surrounded by a number of high-profile residential and commercial developments, which will only add to the area’s appeal to a broadening pool of tenants and residents. Successful nearby recent residential developments include the Lewis at 411 West 35th Street, 15 Hudson Yards and 35 Hudson Yards. The location offers substantial commuting options with direct access to the 7 train Hudson Yards station less than two blocks away along with the A,C,E,1,2,3 subway lines, LIRR and NJ Transit just 4 blocks away at Penn Station. Nearby amenities include the entrance to High Line, a 1.45 mile elevated linear park, The Jacob J. Javits Convention Center and Madison Square Garden. With extremely favorable zoning coupled with the optionality for either a developer or owner-user to reconstruct the property to a diverse set of uses, 440 West 36th Street provides interested parties with the opportunity to invest in the Hudson Yards neighborhood, Manhattan’s most transformative area.

Building Details for 440 West 36th Street

OwnershipDevelopment Site
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts6/10
Learn More About the Building

Transit and Citi Bike

Subway

34 St-Hudson Yards
0.25 miles
34 St-Penn Station
0.29 miles
42 St-Port Authority Bus Terminal
0.42 miles
34 St-Penn Station
0.47 miles
Times Sq-42 St
0.5 miles

Railroad

Penn StationLong Island Rail Road
0.38 miles

Citi Bike

W 37 St & 10 Ave
0.1 miles
W 35 St & 9 Ave
0.1 miles

Contact Agents

Contact Agents

Andre Sigourney
Ariel Property Advisors
Howard Raber
Ariel Property Advisors
Matthew Gillis
Ariel Property Advisors

Hell's Kitchen | Manhattan

Quick Profile

There is some mystery surrounding Hell’s Kitchen and how it got its name. There’s the tale about two policemen discussing how horrendous the neighborhood was back in 1880’s. The rookie cop turned to the veteran cop and said, “this place is hell.” The veteran cop replied, “No, this is hell’s kitchen.” Some say it's named after a notorious 19th century motorcycle gang. Even the historians will tell you the neighborhood's name has dubious origins. 

Regardless of how it got its name, Hell’s Kitchen is here to stay.

Hell’s Kitchen is an iconic neighborhood on the west side of Manhattan. Its boundaries are 34th and 59th streets and 8th Avenue to the Hudson River. The neighborhood has a dense urban feel with plenty of bars, bodegas, restaurants and coffee shops. It’s inhabited by an eclectic mix of young professionals, long term residents from the old days, LGBQT community and members of the performing arts community - due to the highest number of off Broadway theatres in all of New York CIty. 

From the early 1800’s to the 1980’s, Hell’s Kitchen held the title for one of the toughest neighborhoods in the city. In its early history it was populated by poor working class Irish and street gangs. Riots, violence, and crime were not uncommon. During prohibition times it was said that Hell’s Kitchen had more speakeasies than children. 

Several attempts of neighborhood rebranding have taken place over the years. Clinton, Midtown West, and even the short-lived Hell’s Canyon are a few of the replacement names that have been used. Hell’s Kitchen has a lot of grit and no shortage of fortitude. A trendy name change seems doubtful. 

Hell’s Kitchen benefited greatly from the Times Square clean up in the 1990’s. When crime rates lowered and adult theatres and prostitution disappeared, Times Square became less sleazier. Soon after, Hell’s Kitchen changed. The days of Gangsters, Irish immigrants, and rough and tumble housing tenements are part of its storied history. They’ve been replaced with bars, bodegas, restaurants, off broadway theatres, and luxury buildings. The recent completion of Hudson Yards and the Highline extension has brought new life into Hell’s Kitchen 

Low-rises, brownstones, row houses and 5 to 6 floor walk ups with studio and one bedroom apartments are common in Hell’s Kitchen. The local zoning laws from previous years kept the building heights on the lower side. Over the past decade, developers have been granted exceptions to building height zoning laws and created more modern highrise developments.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 73636TH