Improved Residential Land for Sale in New York, New York

FOR SALE PRIME MIDTOWN DEVELOPMENT OPPORTUNITY 55 W 38th Street, New York, NY Unlock exceptional development potential in the heart of Midtown Manhattan. Just steps from Bryant Park, Herald Square, and major transit hubs, 55 W 38th Street offers a rare combination of location, zoning flexibility, and substantial unused buildable area perfect for developers, investors, and visionaries seeking high-value upside. Property Highlights Lot Size: 20 ft 98.75 ft (approx. 1,975 sq ft) Zoning: M1-9A / R12 highly versatile designation supporting significant residential development Residential FAR: 12.0 Existing Structure: Approx. 6,000 sq ft ? Buildable Potential With a total allowable floor area of 23,700 sq ft, the property delivers a compelling opportunity for new construction or strategic expansion. Total Allowable Floor Area: 1,975 sq ft 12 FAR = 23,700 sq ft Existing Floor Area: 6,000 sq ft Remaining Buildable Area: 17,700 sq ft ? Investment Summary This property offers approximately 17,700 sq ft of unused residential buildable area, presenting a rare chance to create value in one of Manhattan s most dynamic corridors. Ideal for: Ground-up residential development Vertical expansion of the existing building Value-add repositioning for rental, condo, or mixed-use applications Whether you re aiming to deliver luxury residences, boutique hospitality, or a mixed-use asset, 55 W 38th Street provides the zoning, scale, and location to realize a standout project. ? Inquire Today Capitalize on this exceptional Midtown development site. For pricing, financials, and tours, please contact us.